TNK vs. ASC
TNK (Teekay Tankers Ltd.) and ASC (Ardmore Shipping Corporation) are both stocks. TNK operates in Oil & Gas Midstream (Energy), while ASC operates in Marine Shipping (Industrials). Over the past 10 years, TNK returned 12.78%/yr vs 7.63%/yr for ASC. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
TNK vs. ASC - Performance Comparison
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Returns By Period
In the year-to-date period, TNK achieves a 35.11% return, which is significantly lower than ASC's 55.30% return. Over the past 10 years, TNK has outperformed ASC with an annualized return of 12.78%, while ASC has yielded a comparatively lower 7.63% annualized return.
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%
ASC
- 1D
- -1.36%
- 1M
- -11.84%
- YTD
- 55.30%
- 6M
- 34.26%
- 1Y
- 73.58%
- 3Y*
- 13.72%
- 5Y*
- 35.42%
- 10Y*
- 7.63%
TNK vs. ASC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNK Teekay Tankers Ltd. | 35.11% | 40.21% | -16.58% | 69.15% | 182.66% | -1.00% | -54.07% | 222.87% | -31.94% | -33.72% |
ASC Ardmore Shipping Corporation | 55.30% | -10.36% | -8.18% | 5.81% | 326.33% | 3.36% | -63.57% | 93.79% | -41.63% | 8.11% |
Correlation
The correlation between TNK and ASC is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2013 | 0.55 |
Over the past year, TNK and ASC have become more correlated (0.78) than their long-term average of 0.55, meaning their price movements have been converging.
Fundamentals
TNK:
$2.47B
ASC:
$652.49M
TNK:
$12.32
ASC:
$1.43
TNK:
5.74
ASC:
11.16
TNK:
0.09
ASC:
0.02
TNK:
2.45
ASC:
2.01
TNK:
1.13
ASC:
1.00
TNK:
$1.01B
ASC:
$324.12M
TNK:
$351.02M
ASC:
$100.44M
TNK:
$452.68M
ASC:
$105.80M
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Return for Risk
TNK vs. ASC — Risk / Return Rank
TNK
ASC
TNK vs. ASC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teekay Tankers Ltd. (TNK) and Ardmore Shipping Corporation (ASC). 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.
| TNK | ASC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 3.37 | +0.08 |
| Martin ratioReturn relative to average drawdown | 8.66 | 8.52 | +0.14 |
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
| TNK | ASC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 2.05 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.78 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.15 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.09 | -0.06 |
Drawdowns
TNK vs. ASC - Drawdown Comparison
The maximum TNK drawdown since its inception was -90.45%, which is greater than ASC's maximum drawdown of -80.11%. Use the drawdown chart below to compare losses from any high point for TNK and ASC.
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Drawdown Indicators
| TNK | ASC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.45% | -80.11% | -10.34% |
Max Drawdown (1Y)Largest decline over 1 year | -18.88% | -21.96% | +3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -52.43% | -61.41% | +8.98% |
Max Drawdown (5Y)Largest decline over 5 years | -52.43% | -61.41% | +8.98% |
Max Drawdown (10Y)Largest decline over 10 years | -72.46% | -71.72% | -0.74% |
Current DrawdownCurrent decline from peak | -13.35% | -23.96% | +10.61% |
Average DrawdownAverage peak-to-trough decline | -57.74% | -38.99% | -18.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.50% | 8.66% | -1.16% |
Volatility
TNK vs. ASC - Volatility Comparison
The current volatility for Teekay Tankers Ltd. (TNK) is 10.91%, while Ardmore Shipping Corporation (ASC) has a volatility of 11.54%. This indicates that TNK experiences smaller price fluctuations and is considered to be less risky than ASC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNK | ASC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.91% | 11.54% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 27.36% | 26.96% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.84% | 36.13% | +1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.49% | 45.93% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.65% | 51.40% | +2.25% |
Dividends
TNK vs. ASC - Dividend Comparison
TNK's dividend yield for the trailing twelve months is around 2.83%, less than ASC's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASC Ardmore Shipping Corporation | 4.07% | 2.83% | 8.89% | 8.16% | 0.00% | 0.00% | 1.53% | 0.00% | 0.00% | 0.00% | 5.41% | 4.80% |
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
TNK vs. ASC - Financials Comparison
This section allows you to compare key financial metrics between Teekay Tankers Ltd. and Ardmore Shipping Corporation. 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
TNK vs. ASC - Profitability Comparison
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%.
ASC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ardmore Shipping Corporation reported a gross profit of 32.00M and revenue of 87.92M. Therefore, the gross margin over that period was 36.4%.
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%.
ASC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ardmore Shipping Corporation reported an operating income of 25.58M and revenue of 87.92M, resulting in an operating margin of 29.1%.
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%.
ASC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ardmore Shipping Corporation reported a net income of 23.58M and revenue of 87.92M, resulting in a net margin of 26.8%.
Frequently Asked Questions
TNK and ASC have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASC has higher volatility (11.54%) compared to TNK (10.91%). In terms of maximum drawdown, TNK dropped -90.45% vs ASC's -80.11%.
ASC currently has the higher Sharpe Ratio (2.05 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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