TNK vs. FRO
TNK (Teekay Tankers Ltd.) and FRO (Frontline Ltd.) are both stocks. TNK operates in Oil & Gas Midstream (Energy), while FRO operates in Marine Shipping (Industrials). Over the past 10 years, TNK returned 16.76%/yr vs 26.54%/yr for FRO. Their 0.57 correlation means they have sometimes moved together and sometimes differently.
Performance
TNK vs. FRO - Performance Comparison
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Returns By Period
In the year-to-date period, TNK achieves a 51.51% return, which is significantly lower than FRO's 94.26% return. Over the past 10 years, TNK has underperformed FRO with an annualized return of 16.76%, while FRO has yielded a comparatively higher 26.54% annualized return.
TNK
- 1D
- 2.60%
- 1M
- 17.41%
- 6M
- 25.44%
- YTD
- 51.51%
- 1Y
- 91.84%
- 3Y*
- 27.62%
- 5Y*
- 48.82%
- 10Y*
- 16.76%
- ALL TIME*
- 2.27%
FRO
- 1D
- 0.69%
- 1M
- 7.13%
- 6M
- 48.31%
- YTD
- 94.26%
- 1Y
- 130.96%
- 3Y*
- 45.97%
- 5Y*
- 49.01%
- 10Y*
- 26.54%
- ALL TIME*
- 7.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $66.00M | $77.57M | $107.06M | |
| $25.37M | $23.64M | $27.46M |
TNK vs. FRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNK Teekay Tankers Ltd. | 51.51% | 40.21% | -16.58% | 69.15% | 182.66% | -1.00% | -54.07% | 222.87% | -31.94% | -33.72% |
FRO Frontline Ltd. | 94.26% | 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 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 (0.83) than their long-term average of 0.57, meaning their price movements have been converging.
Fundamentals
TNK:
$2.75B
FRO:
$8.76B
TNK:
$16.99
FRO:
$4.06
TNK:
4.67
FRO:
9.69
TNK:
2.40
FRO:
3.89
TNK:
1.17
FRO:
3.08
TNK:
$1.15B
FRO:
$2.25B
TNK:
$494.80M
FRO:
$933.72M
TNK:
$644.03M
FRO:
$1.21B
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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 | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.43 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 6.38 | -1.98 |
| Martin ratioReturn relative to average drawdown | 11.23 | 16.21 | -4.98 |
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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.
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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 | -21.25% | -21.41% | +0.16% |
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 | -65.71% | -52.04% | -13.67% |
Current DrawdownCurrent decline from peak | -2.83% | -69.74% | +66.91% |
Average DrawdownAverage peak-to-trough decline | -57.33% | -67.85% | +10.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.31% | 8.41% | -0.10% |
Volatility
TNK vs. FRO - Volatility Comparison
The current volatility for Teekay Tankers Ltd. (TNK) is 10.98%, while Frontline Ltd. (FRO) has a volatility of 12.24%. 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.
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Volatility by Period
| TNK | FRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.98% | 12.24% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 29.07% | 33.26% | -4.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.30% | 43.30% | -4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.36% | 49.77% | -4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.44% | 51.17% | +2.27% |
Dividends
TNK vs. FRO - Dividend Comparison
TNK's dividend yield for the trailing twelve months is around 2.52%, less than FRO's 7.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRO Frontline Ltd. | 7.95% | 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. | 2.52% | 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 Aug 2026, Teekay Tankers Ltd. reported a gross profit of 204.95M and revenue of 379.51M. Therefore, the gross margin over that period was 54.0%.
FRO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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 Aug 2026, Teekay Tankers Ltd. reported an operating income of 189.68M and revenue of 379.51M, resulting in an operating margin of 50.0%.
FRO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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 Aug 2026, Teekay Tankers Ltd. reported a net income of 225.91M and revenue of 379.51M, resulting in a net margin of 59.5%.
FRO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRO has higher volatility (12.24%) compared to TNK (10.98%). In terms of maximum drawdown, TNK dropped -90.45% vs FRO's -98.36%.
FRO currently has the higher Sharpe Ratio (3.16 vs 2.41), 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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