SHIP vs. CMRE
SHIP (Seanergy Maritime Holdings Corp.) and CMRE (Costamare Inc.) are both stocks. Both operate in the Marine Shipping industry within the Industrials sector. Over the past 10 years, SHIP returned -42.18%/yr vs 14.98%/yr for CMRE. At a 0.26 correlation, their price movements are largely independent.
Performance
SHIP vs. CMRE - Performance Comparison
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Returns By Period
In the year-to-date period, SHIP achieves a 65.20% return, which is significantly higher than CMRE's -0.70% return. Over the past 10 years, SHIP has underperformed CMRE with an annualized return of -42.18%, while CMRE has yielded a comparatively higher 14.98% annualized return.
SHIP
- 1D
- -1.14%
- 1M
- -9.30%
- 6M
- 61.87%
- YTD
- 65.20%
- 1Y
- 126.02%
- 3Y*
- 48.92%
- 5Y*
- 14.93%
- 10Y*
- -42.18%
CMRE
- 1D
- 3.48%
- 1M
- -6.87%
- 6M
- -5.04%
- YTD
- -0.70%
- 1Y
- 69.09%
- 3Y*
- 33.74%
- 5Y*
- 17.93%
- 10Y*
- 14.98%
SHIP vs. CMRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHIP Seanergy Maritime Holdings Corp. | 65.20% | 38.48% | -3.81% | 61.04% | -36.53% | 70.83% | -93.89% | -92.71% | -51.66% | -9.57% |
CMRE Costamare Inc. | -0.70% | 73.07% | 28.07% | 17.60% | -21.93% | 59.04% | -7.26% | 132.86% | -19.11% | 9.57% |
Correlation
The correlation between SHIP and CMRE is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2010 | 0.26 |
Over the past year, SHIP and CMRE have become more correlated (0.59) than their long-term average of 0.26, meaning their price movements have been converging.
Fundamentals
SHIP:
$312.28M
CMRE:
$1.87B
SHIP:
$1.78
CMRE:
$2.87
SHIP:
8.30
CMRE:
5.40
SHIP:
1.74
CMRE:
2.19
SHIP:
1.07
CMRE:
0.87
SHIP:
$176.75M
CMRE:
$849.60M
SHIP:
$79.31M
CMRE:
$495.90M
SHIP:
$96.51M
CMRE:
$569.59M
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Return for Risk
SHIP vs. CMRE — Risk / Return Rank
SHIP
CMRE
SHIP vs. CMRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Seanergy Maritime Holdings Corp. (SHIP) and Costamare Inc. (CMRE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SHIP | CMRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.32 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 6.71 | 3.24 | +3.47 |
| Martin ratioReturn relative to average drawdown | 15.33 | 10.08 | +5.25 |
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Drawdowns
SHIP vs. CMRE - Drawdown Comparison
The maximum SHIP drawdown since its inception was -100.00%, which is greater than CMRE's maximum drawdown of -78.24%. Use the drawdown chart below to compare losses from any high point for SHIP and CMRE.
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Drawdown Indicators
| SHIP | CMRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -78.24% | -21.76% |
Max Drawdown (1Y)Largest decline over 1 year | -18.88% | -21.43% | +2.55% |
Max Drawdown (3Y)Largest decline over 3 years | -57.61% | -50.07% | -7.54% |
Max Drawdown (5Y)Largest decline over 5 years | -69.11% | -52.88% | -16.23% |
Max Drawdown (10Y)Largest decline over 10 years | -99.98% | -66.54% | -33.44% |
Current DrawdownCurrent decline from peak | -99.98% | -13.11% | -86.87% |
Average DrawdownAverage peak-to-trough decline | -86.61% | -33.37% | -53.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.25% | 6.87% | +1.38% |
Volatility
SHIP vs. CMRE - Volatility Comparison
Seanergy Maritime Holdings Corp. (SHIP) has a higher volatility of 13.85% compared to Costamare Inc. (CMRE) at 9.70%. This indicates that SHIP's price experiences larger fluctuations and is considered to be riskier than CMRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHIP | CMRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.85% | 9.70% | +4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 35.59% | 24.15% | +11.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.36% | 32.47% | +10.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.47% | 38.35% | +13.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.59% | 43.70% | +54.89% |
Dividends
SHIP vs. CMRE - Dividend Comparison
SHIP's dividend yield for the trailing twelve months is around 3.92%, more than CMRE's 2.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMRE Costamare Inc. | 2.98% | 2.54% | 3.58% | 4.42% | 9.11% | 3.40% | 4.83% | 4.20% | 9.11% | 6.93% | 17.32% | 11.04% |
SHIP Seanergy Maritime Holdings Corp. | 3.92% | 3.58% | 10.58% | 1.28% | 25.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
SHIP vs. CMRE - Financials Comparison
This section allows you to compare key financial metrics between Seanergy Maritime Holdings Corp. and Costamare Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
SHIP vs. CMRE - Profitability Comparison
SHIP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Seanergy Maritime Holdings Corp. reported a gross profit of 19.29M and revenue of 42.85M. Therefore, the gross margin over that period was 45.0%.
CMRE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Costamare Inc. reported a gross profit of 103.13M and revenue of 201.56M. Therefore, the gross margin over that period was 51.2%.
SHIP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Seanergy Maritime Holdings Corp. reported an operating income of 11.75M and revenue of 42.85M, resulting in an operating margin of 27.4%.
CMRE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Costamare Inc. reported an operating income of 88.13M and revenue of 201.56M, resulting in an operating margin of 43.7%.
SHIP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Seanergy Maritime Holdings Corp. reported a net income of 9.50M and revenue of 42.85M, resulting in a net margin of 22.2%.
CMRE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Costamare Inc. reported a net income of 80.40M and revenue of 201.56M, resulting in a net margin of 39.9%.
Frequently Asked Questions
SHIP and CMRE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHIP has higher volatility (13.85%) compared to CMRE (9.70%). In terms of maximum drawdown, SHIP dropped -100.00% vs CMRE's -78.24%.
SHIP currently has the higher Sharpe Ratio (2.93 vs 2.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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