TK vs. TNK
TK (Teekay Corporation) and TNK (Teekay Tankers Ltd.) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 10 years, TK returned 8.81%/yr vs 12.78%/yr for TNK. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
TK vs. TNK - Performance Comparison
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Returns By Period
In the year-to-date period, TK achieves a 37.08% return, which is significantly higher than TNK's 35.11% return. Over the past 10 years, TK has underperformed TNK with an annualized return of 8.81%, while TNK has yielded a comparatively higher 12.78% annualized return.
TK
- 1D
- -1.38%
- 1M
- -7.49%
- YTD
- 37.08%
- 6M
- 29.07%
- 1Y
- 65.04%
- 3Y*
- 53.85%
- 5Y*
- 41.91%
- 10Y*
- 8.81%
TNK
- 1D
- 0.27%
- 1M
- -9.73%
- YTD
- 35.11%
- 6M
- 26.62%
- 1Y
- 64.74%
- 3Y*
- 28.29%
- 5Y*
- 40.52%
- 10Y*
- 12.78%
TK vs. TNK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TK Teekay Corporation | 37.08% | 48.20% | 47.41% | 57.49% | 44.59% | 46.05% | -59.59% | 61.78% | -63.10% | 18.93% |
TNK Teekay Tankers Ltd. | 35.11% | 40.21% | -16.58% | 69.15% | 182.66% | -1.00% | -54.07% | 222.87% | -31.94% | -33.72% |
Correlation
The correlation between TK and TNK is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2007 | 0.56 |
Over the past year, TK and TNK have become more correlated (0.90) than their long-term average of 0.56, meaning their price movements have been converging.
Fundamentals
TK:
$1.00B
TNK:
$2.47B
TK:
$1.09
TNK:
$12.32
TK:
10.54
TNK:
5.74
TK:
0.04
TNK:
0.09
TK:
1.01
TNK:
2.45
TK:
1.38
TNK:
1.13
TK:
$977.60M
TNK:
$1.01B
TK:
$207.39M
TNK:
$351.02M
TK:
$331.56M
TNK:
$452.68M
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Return for Risk
TK vs. TNK — Risk / Return Rank
TK
TNK
TK vs. TNK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teekay Corporation (TK) and Teekay Tankers Ltd. (TNK). 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.
| TK | TNK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 3.45 | +0.47 |
| Martin ratioReturn relative to average drawdown | 9.75 | 8.66 | +1.08 |
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
| TK | TNK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 1.72 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.90 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.24 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.03 | +0.07 |
Drawdowns
TK vs. TNK - Drawdown Comparison
The maximum TK drawdown since its inception was -97.03%, which is greater than TNK's maximum drawdown of -90.45%. Use the drawdown chart below to compare losses from any high point for TK and TNK.
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Drawdown Indicators
| TK | TNK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.03% | -90.45% | -6.58% |
Max Drawdown (1Y)Largest decline over 1 year | -16.68% | -18.88% | +2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -32.17% | -52.43% | +20.26% |
Max Drawdown (5Y)Largest decline over 5 years | -36.59% | -52.43% | +15.84% |
Max Drawdown (10Y)Largest decline over 10 years | -83.87% | -72.46% | -11.41% |
Current DrawdownCurrent decline from peak | -63.03% | -13.35% | -49.68% |
Average DrawdownAverage peak-to-trough decline | -47.80% | -57.74% | +9.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.69% | 7.50% | -0.81% |
Volatility
TK vs. TNK - Volatility Comparison
Teekay Corporation (TK) has a higher volatility of 12.86% compared to Teekay Tankers Ltd. (TNK) at 10.91%. This indicates that TK's price experiences larger fluctuations and is considered to be riskier than TNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TK | TNK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.86% | 10.91% | +1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 26.84% | 27.36% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.75% | 37.84% | -2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.86% | 45.49% | -3.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.07% | 53.65% | +2.42% |
Dividends
TK vs. TNK - Dividend Comparison
TK's dividend yield for the trailing twelve months is around 17.47%, more than TNK's 2.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TK Teekay Corporation | 17.47% | 11.07% | 46.90% | 0.00% | 0.00% | 0.00% | 0.00% | 1.03% | 6.59% | 2.36% | 2.74% | 17.55% |
TNK Teekay Tankers Ltd. | 2.83% | 3.74% | 7.54% | 3.50% | 0.00% | 0.00% | 0.00% | 0.00% | 3.23% | 8.57% | 13.27% | 1.74% |
Financials
TK vs. TNK - Financials Comparison
This section allows you to compare key financial metrics between Teekay Corporation and Teekay Tankers 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
TK vs. TNK - Profitability Comparison
TK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Teekay Corporation reported a gross profit of 0.00 and revenue of 257.70M. Therefore, the gross margin over that period was 0.0%.
TNK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Teekay Tankers Ltd. reported a gross profit of 135.40M and revenue of 286.09M. Therefore, the gross margin over that period was 47.3%.
TK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Teekay Corporation reported an operating income of 109.66M and revenue of 257.70M, resulting in an operating margin of 42.6%.
TNK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Teekay Tankers Ltd. reported an operating income of 125.02M and revenue of 286.09M, resulting in an operating margin of 43.7%.
TK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Teekay Corporation reported a net income of 34.97M and revenue of 257.70M, resulting in a net margin of 13.6%.
TNK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Teekay Tankers Ltd. reported a net income of 153.55M and revenue of 286.09M, resulting in a net margin of 53.7%.
Frequently Asked Questions
With a correlation of 0.90, TK and TNK move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TK has higher volatility (12.86%) compared to TNK (10.91%). In terms of maximum drawdown, TK dropped -97.03% vs TNK's -90.45%.
TK currently has the higher Sharpe Ratio (1.83 vs 1.72), 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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