TNK vs. GOGL
Compare and contrast key facts about Teekay Tankers Ltd. (TNK) and Golden Ocean Group Limited (GOGL).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TNK or GOGL.
Correlation
The correlation between TNK and GOGL is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TNK vs. GOGL - Performance Comparison
Key characteristics
TNK:
-0.35
GOGL:
0.14
TNK:
-0.30
GOGL:
0.43
TNK:
0.97
GOGL:
1.05
TNK:
-0.25
GOGL:
0.06
TNK:
-0.52
GOGL:
0.24
TNK:
23.69%
GOGL:
19.43%
TNK:
35.18%
GOGL:
35.03%
TNK:
-90.41%
GOGL:
-96.87%
TNK:
-35.14%
GOGL:
-79.08%
Fundamentals
TNK:
$1.63B
GOGL:
$1.85B
TNK:
$12.22
GOGL:
$1.21
TNK:
3.87
GOGL:
7.66
TNK:
31.59
GOGL:
131.35
TNK:
$878.21M
GOGL:
$757.45M
TNK:
$326.87M
GOGL:
$277.65M
TNK:
$357.97M
GOGL:
$359.92M
Returns By Period
In the year-to-date period, TNK achieves a 18.90% return, which is significantly higher than GOGL's 3.46% return. Over the past 10 years, TNK has outperformed GOGL with an annualized return of 26.46%, while GOGL has yielded a comparatively lower -1.84% annualized return.
TNK
18.90%
27.25%
-24.53%
-11.44%
18.09%
26.46%
GOGL
3.46%
3.23%
-26.09%
0.83%
25.04%
-1.84%
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Risk-Adjusted Performance
TNK vs. GOGL — Risk-Adjusted Performance Rank
TNK
GOGL
TNK vs. GOGL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Teekay Tankers Ltd. (TNK) and Golden Ocean Group Limited (GOGL). 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.
Dividends
TNK vs. GOGL - Dividend Comparison
TNK's dividend yield for the trailing twelve months is around 5.81%, less than GOGL's 12.94% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TNK Teekay Tankers Ltd. | 5.81% | 6.91% | 3.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.23% | 8.57% | 13.27% | 1.74% | 2.37% |
GOGL Golden Ocean Group Limited | 12.94% | 13.39% | 5.12% | 27.04% | 17.20% | 1.08% | 5.60% | 7.32% | 0.00% | 0.00% | 0.00% | 15.34% |
Drawdowns
TNK vs. GOGL - Drawdown Comparison
The maximum TNK drawdown since its inception was -90.41%, smaller than the maximum GOGL drawdown of -96.87%. Use the drawdown chart below to compare losses from any high point for TNK and GOGL. For additional features, visit the drawdowns tool.
Volatility
TNK vs. GOGL - Volatility Comparison
Teekay Tankers Ltd. (TNK) has a higher volatility of 13.08% compared to Golden Ocean Group Limited (GOGL) at 8.96%. This indicates that TNK's price experiences larger fluctuations and is considered to be riskier than GOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
TNK vs. GOGL - Financials Comparison
This section allows you to compare key financial metrics between Teekay Tankers Ltd. and Golden Ocean Group Limited. 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