TNK vs. FRO
TNK (Teekay Tankers 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, TNK returned 14.87%/yr vs 26.31%/yr for FRO. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
TNK vs. FRO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TNK achieves a 48.09% return, which is significantly lower than FRO's 105.17% return. Over the past 10 years, TNK has underperformed FRO with an annualized return of 14.87%, while FRO has yielded a comparatively higher 26.31% annualized return.
TNK
- 1D
- 4.20%
- 1M
- 2.13%
- YTD
- 48.09%
- 6M
- 45.50%
- 1Y
- 75.88%
- 3Y*
- 32.27%
- 5Y*
- 43.13%
- 10Y*
- 14.87%
FRO
- 1D
- 1.59%
- 1M
- 16.89%
- YTD
- 105.17%
- 6M
- 104.98%
- 1Y
- 141.62%
- 3Y*
- 56.36%
- 5Y*
- 48.00%
- 10Y*
- 26.31%
TNK vs. FRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNK Teekay Tankers Ltd. | 48.09% | 40.21% | -16.58% | 69.15% | 182.66% | -1.00% | -54.07% | 222.87% | -31.94% | -33.72% |
FRO Frontline Ltd. | 105.17% | 61.17% | -22.48% | 96.23% | 73.67% | 13.67% | -41.47% | 134.59% | 20.48% | -32.17% |
Correlation
The correlation between TNK 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 | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2007 | 0.57 |
Over the past year, TNK and FRO have become more correlated (0.82) than their long-term average of 0.57, meaning their price movements have been converging.
Fundamentals
TNK:
$2.71B
FRO:
$9.26B
TNK:
$12.32
FRO:
$4.06
TNK:
6.30
FRO:
10.23
TNK:
2.68
FRO:
4.11
TNK:
1.24
FRO:
3.26
TNK:
$1.01B
FRO:
$2.25B
TNK:
$351.02M
FRO:
$933.72M
TNK:
$452.68M
FRO:
$1.21B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TNK vs. FRO — Risk / Return Rank
TNK
FRO
TNK vs. FRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teekay Tankers Ltd. (TNK) 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.
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.
| TNK | FRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.45 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | 6.65 | -2.61 |
| Martin ratioReturn relative to average drawdown | 10.48 | 18.91 | -8.43 |
Loading charts...
Drawdowns
TNK vs. FRO - Drawdown Comparison
The maximum TNK drawdown since its inception was -90.45%, smaller than the maximum FRO drawdown of -98.36%. Use the drawdown chart below to compare losses from any high point for TNK and FRO.
Loading charts...
Drawdown Indicators
| TNK | FRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.45% | -98.36% | +7.91% |
Max Drawdown (1Y)Largest decline over 1 year | -18.88% | -21.41% | +2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -52.43% | -52.04% | -0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -52.43% | -52.04% | -0.39% |
Max Drawdown (10Y)Largest decline over 10 years | -67.94% | -52.04% | -15.90% |
Current DrawdownCurrent decline from peak | -5.03% | -68.05% | +63.02% |
Average DrawdownAverage peak-to-trough decline | -57.60% | -67.84% | +10.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.33% | 7.60% | -0.27% |
Volatility
TNK vs. FRO - Volatility Comparison
The current volatility for Teekay Tankers Ltd. (TNK) is 9.88%, while Frontline Ltd. (FRO) has a volatility of 13.58%. This indicates that TNK 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.
Loading charts...
Volatility by Period
| TNK | FRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.88% | 13.58% | -3.70% |
Volatility (6M)Calculated over the trailing 6-month period | 27.66% | 32.28% | -4.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.57% | 42.18% | -4.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.49% | 49.54% | -4.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.60% | 51.13% | +2.47% |
Dividends
TNK vs. FRO - Dividend Comparison
TNK's dividend yield for the trailing twelve months is around 2.58%, less than FRO's 7.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRO Frontline Ltd. | 7.53% | 4.26% | 13.74% | 14.31% | 1.24% | 0.00% | 25.72% | 0.78% | 0.00% | 6.54% | 19.83% | 1.67% |
TNK Teekay Tankers Ltd. | 2.58% | 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. FRO - Financials Comparison
This section allows you to compare key financial metrics between Teekay Tankers 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
TNK vs. FRO - 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%.
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%.
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%.
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%.
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%.
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
TNK 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 (13.58%) compared to TNK (9.88%). In terms of maximum drawdown, TNK dropped -90.45% vs FRO's -98.36%.
FRO currently has the higher Sharpe Ratio (3.38 vs 2.03), 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.
Find the right allocation for TNK and FRO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer