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TNK vs. GOGL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Performance

TNK vs. GOGL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teekay Tankers Ltd. (TNK) and Golden Ocean Group Limited (GOGL). The values are adjusted to include any dividend payments, if applicable.

-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-40.51%
-16.27%
TNK
GOGL

Returns By Period

In the year-to-date period, TNK achieves a -12.56% return, which is significantly lower than GOGL's 23.21% return. Over the past 10 years, TNK has outperformed GOGL with an annualized return of 28.65%, while GOGL has yielded a comparatively lower -3.12% annualized return.


TNK

YTD

-12.56%

1M

-20.98%

6M

-40.51%

1Y

-15.78%

5Y (annualized)

78.87%

10Y (annualized)

28.65%

GOGL

YTD

23.21%

1M

2.47%

6M

-16.26%

1Y

37.97%

5Y (annualized)

27.80%

10Y (annualized)

-3.12%

Fundamentals


TNKGOGL
Market Cap$1.47B$2.39B
EPS$12.18$1.07
PE Ratio3.5111.15
PEG Ratio31.59131.35
Total Revenue (TTM)$1.19B$751.03M
Gross Profit (TTM)$440.27M$272.97M
EBITDA (TTM)$485.15M$363.20M

Key characteristics


TNKGOGL
Sharpe Ratio-0.381.07
Sortino Ratio-0.341.59
Omega Ratio0.961.19
Calmar Ratio-0.310.46
Martin Ratio-0.792.67
Ulcer Index16.95%14.09%
Daily Std Dev35.21%35.10%
Max Drawdown-90.41%-96.87%
Current Drawdown-42.61%-75.54%

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Correlation

-0.50.00.51.00.4

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.

Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for TNK, currently valued at -0.38, compared to the broader market-4.00-2.000.002.004.00-0.381.07
The chart of Sortino ratio for TNK, currently valued at -0.34, compared to the broader market-4.00-2.000.002.004.00-0.341.59
The chart of Omega ratio for TNK, currently valued at 0.96, compared to the broader market0.501.001.502.000.961.19
The chart of Calmar ratio for TNK, currently valued at -0.31, compared to the broader market0.002.004.006.00-0.310.46
The chart of Martin ratio for TNK, currently valued at -0.79, compared to the broader market0.0010.0020.0030.00-0.792.67
TNK
GOGL

The current TNK Sharpe Ratio is -0.38, which is lower than the GOGL Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of TNK and GOGL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.001.002.003.00JuneJulyAugustSeptemberOctoberNovember
-0.38
1.07
TNK
GOGL

Dividends

TNK vs. GOGL - Dividend Comparison

TNK's dividend yield for the trailing twelve months is around 6.57%, less than GOGL's 8.94% yield.


TTM20232022202120202019201820172016201520142013
TNK
Teekay Tankers Ltd.
6.57%3.00%0.00%0.00%0.00%0.00%3.23%8.57%13.27%1.74%2.37%3.05%
GOGL
Golden Ocean Group Limited
8.94%5.12%27.04%17.20%1.08%5.60%7.32%0.00%0.00%0.00%15.34%8.47%

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.


-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-42.61%
-75.54%
TNK
GOGL

Volatility

TNK vs. GOGL - Volatility Comparison

The current volatility for Teekay Tankers Ltd. (TNK) is 6.21%, while Golden Ocean Group Limited (GOGL) has a volatility of 10.16%. This indicates that TNK experiences smaller price fluctuations and is considered to be less risky than GOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


6.00%8.00%10.00%12.00%14.00%16.00%JuneJulyAugustSeptemberOctoberNovember
6.21%
10.16%
TNK
GOGL

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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items