TEN vs. FRO
TEN (Tsakos Energy Navigation Ltd) and FRO (Frontline Ltd.) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 10 years, TEN returned 6.73%/yr vs 22.50%/yr for FRO. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
TEN vs. FRO - Performance Comparison
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Returns By Period
In the year-to-date period, TEN achieves a 67.72% return, which is significantly higher than FRO's 62.94% return. Over the past 10 years, TEN has underperformed FRO with an annualized return of 6.73%, while FRO has yielded a comparatively higher 22.50% annualized return.
TEN
- 1D
- -1.12%
- 1M
- -13.72%
- YTD
- 67.72%
- 6M
- 55.55%
- 1Y
- 121.53%
- 3Y*
- 35.90%
- 5Y*
- 39.29%
- 10Y*
- 6.73%
FRO
- 1D
- -0.63%
- 1M
- -7.02%
- YTD
- 62.94%
- 6M
- 51.91%
- 1Y
- 106.10%
- 3Y*
- 45.60%
- 5Y*
- 42.39%
- 10Y*
- 22.50%
TEN vs. FRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEN Tsakos Energy Navigation Ltd | 67.72% | 36.04% | -16.03% | 40.05% | 138.54% | -8.72% | -61.54% | 68.70% | -28.96% | -12.82% |
FRO Frontline Ltd. | 62.94% | 61.17% | -22.48% | 96.23% | 73.67% | 13.67% | -41.47% | 134.59% | 20.48% | -32.17% |
Correlation
The correlation between TEN and FRO is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2002 | 0.52 |
Over the past year, TEN and FRO have become more correlated (0.82) than their long-term average of 0.52, meaning their price movements have been converging.
Fundamentals
TEN:
$1.11B
FRO:
$7.67B
TEN:
$7.10
FRO:
$4.06
TEN:
5.20
FRO:
8.48
TEN:
1.29
FRO:
3.41
TEN:
0.57
FRO:
2.70
TEN:
$854.60M
FRO:
$2.25B
TEN:
$337.69M
FRO:
$933.72M
TEN:
$410.58M
FRO:
$1.21B
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Return for Risk
TEN vs. FRO — Risk / Return Rank
TEN
FRO
TEN vs. FRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tsakos Energy Navigation Ltd (TEN) and Frontline Ltd. (FRO). 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.
| TEN | FRO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.31 | 2.54 | +0.77 |
Sortino ratioReturn per unit of downside risk | 3.92 | 3.11 | +0.81 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.36 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 7.20 | 4.98 | +2.22 |
Martin ratioReturn relative to average drawdown | 23.81 | 13.64 | +10.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TEN | FRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.31 | 2.54 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.86 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.44 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.11 | +0.01 |
Drawdowns
TEN vs. FRO - Drawdown Comparison
The maximum TEN drawdown since its inception was -92.52%, smaller than the maximum FRO drawdown of -98.36%. Use the drawdown chart below to compare losses from any high point for TEN and FRO.
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Drawdown Indicators
| TEN | FRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.52% | -98.36% | +5.84% |
Max Drawdown (1Y)Largest decline over 1 year | -16.98% | -21.41% | +4.43% |
Max Drawdown (3Y)Largest decline over 3 years | -52.64% | -52.04% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -52.64% | -52.04% | -0.60% |
Max Drawdown (10Y)Largest decline over 10 years | -72.36% | -57.14% | -15.22% |
Current DrawdownCurrent decline from peak | -50.55% | -74.62% | +24.07% |
Average DrawdownAverage peak-to-trough decline | -57.21% | -67.84% | +10.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.12% | 7.80% | -2.68% |
Volatility
TEN vs. FRO - Volatility Comparison
The current volatility for Tsakos Energy Navigation Ltd (TEN) is 9.83%, while Frontline Ltd. (FRO) has a volatility of 10.53%. This indicates that TEN experiences smaller price fluctuations and is considered to be less risky than FRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEN | FRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.83% | 10.53% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 26.99% | 30.64% | -3.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.94% | 41.97% | -5.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.99% | 49.34% | -2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.50% | 51.16% | -1.66% |
Dividends
TEN vs. FRO - Dividend Comparison
TEN's dividend yield for the trailing twelve months is around 4.33%, less than FRO's 5.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRO Frontline Ltd. | 5.11% | 4.26% | 13.74% | 14.31% | 1.24% | 0.00% | 25.72% | 0.78% | 0.00% | 6.54% | 19.83% | 1.67% |
TEN Tsakos Energy Navigation Ltd | 4.33% | 4.91% | 8.65% | 5.85% | 1.48% | 1.38% | 6.23% | 2.29% | 5.64% | 5.12% | 6.18% | 3.03% |
Financials
TEN vs. FRO - Financials Comparison
This section allows you to compare key financial metrics between Tsakos Energy Navigation Ltd and Frontline Ltd.. 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
TEN vs. FRO - Profitability Comparison
TEN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tsakos Energy Navigation Ltd reported a gross profit of 122.32M and revenue of 252.96M. Therefore, the gross margin over that period was 48.4%.
FRO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Frontline Ltd. reported a gross profit of 395.96M and revenue of 714.24M. Therefore, the gross margin over that period was 55.4%.
TEN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tsakos Energy Navigation Ltd reported an operating income of 109.88M and revenue of 252.96M, resulting in an operating margin of 43.4%.
FRO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Frontline Ltd. reported an operating income of 370.04M and revenue of 714.24M, resulting in an operating margin of 51.8%.
TEN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tsakos Energy Navigation Ltd reported a net income of 88.84M and revenue of 252.96M, resulting in a net margin of 35.1%.
FRO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Frontline Ltd. reported a net income of 559.12M and revenue of 714.24M, resulting in a net margin of 78.3%.
Frequently Asked Questions
TEN and FRO have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRO has higher volatility (10.53%) compared to TEN (9.83%). In terms of maximum drawdown, TEN dropped -92.52% vs FRO's -98.36%.
TEN currently has the higher Sharpe Ratio (3.31 vs 2.54), 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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