TNK vs. LPG

Last updated Jun 3, 2026

TNK (Teekay Tankers Ltd.) and LPG (Dorian LPG Ltd.) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 10 years, TNK returned 12.75%/yr vs 26.60%/yr for LPG. At a 0.47 correlation, their price movements are largely independent.

Performance

TNK vs. LPG - Performance Comparison

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

Returns By Period

In the year-to-date period, TNK achieves a 34.75% return, which is significantly lower than LPG's 76.06% return. Over the past 10 years, TNK has underperformed LPG with an annualized return of 12.75%, while LPG has yielded a comparatively higher 26.60% annualized return.

TNK

• 1D: -2.24%
• 1M: -10.85%
• YTD: 34.75%
• 6M: 29.02%
• 1Y: 62.39%
• 3Y*: 28.17%
• 5Y*: 40.26%
• 10Y*: 12.75%

LPG

• 1D: -0.99%
• 1M: 7.01%
• YTD: 76.06%
• 6M: 75.20%
• 1Y: 110.26%
• 3Y*: 32.86%
• 5Y*: 45.68%
• 10Y*: 26.60%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TNK vs. LPG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TNK Teekay Tankers Ltd.	34.75%	40.21%	-16.58%	69.15%	182.66%	-1.00%	-54.07%	222.87%	-31.94%	-33.72%
LPG Dorian LPG Ltd.	76.06%	9.75%	-37.80%	171.42%	109.62%	12.71%	-21.25%	165.52%	-29.08%	0.12%

Correlation

The correlation between TNK and LPG is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since May 9, 2014	0.47

The correlation between TNK and LPG shifts across timeframes, from 0.47 (all time) to 0.66 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TNK : $2.46B LPG : $1.74B
EPS TNK : $12.32 LPG : $4.54
PE Ratio TNK : 5.73 LPG : 9.01
PEG Ratio TNK : 0.09 LPG : 0.14
PS Ratio TNK : 2.44 LPG : 3.62
PB Ratio TNK : 1.13 LPG : 1.53
Total Revenue (TTM) TNK : $1.01B LPG : $481.51M
Gross Profit (TTM) TNK : $351.02M LPG : $415.02M
EBITDA (TTM) TNK : $452.68M LPG : $279.22M

Return for Risk

TNK vs. LPG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TNK

TNK Risk / Return Rank: 81
TNK Sharpe Ratio Rank: 83
TNK Sortino Ratio Rank: 80
TNK Omega Ratio Rank: 75
TNK Calmar Ratio Rank: 84
TNK Martin Ratio Rank: 84

LPG

LPG Risk / Return Rank: 90
LPG Sharpe Ratio Rank: 93
LPG Sortino Ratio Rank: 91
LPG Omega Ratio Rank: 89
LPG Calmar Ratio Rank: 89
LPG Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TNK vs. LPG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teekay Tankers Ltd. (TNK) and Dorian LPG Ltd. (LPG). 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	LPG	Difference
Sharpe ratio Return per unit of total volatility	1.66	2.80	-1.14
Sortino ratio Return per unit of downside risk	2.37	3.37	-1.01
Omega ratio Gain probability vs. loss probability	1.27	1.42	-0.16
Calmar ratio Return relative to maximum drawdown	3.42	4.37	-0.96
Martin ratio Return relative to average drawdown	8.66	9.52	-0.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TNK vs. LPG - Sharpe Ratio Comparison

The current TNK Sharpe Ratio is 1.66, which is lower than the LPG Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of TNK and LPG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TNK	LPG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	2.80	-1.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	1.06	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.55	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.30	-0.27

Drawdowns

TNK vs. LPG - Drawdown Comparison

The maximum TNK drawdown since its inception was -90.45%, which is greater than LPG's maximum drawdown of -78.31%. Use the drawdown chart below to compare losses from any high point for TNK and LPG.

Drawdown Indicators

	TNK	LPG	Difference
Max Drawdown Largest peak-to-trough decline	-90.45%	-78.31%	-12.14%
Max Drawdown (1Y) Largest decline over 1 year	-18.88%	-24.99%	+6.11%
Max Drawdown (3Y) Largest decline over 3 years	-52.43%	-62.89%	+10.46%
Max Drawdown (5Y) Largest decline over 5 years	-52.43%	-62.89%	+10.46%
Max Drawdown (10Y) Largest decline over 10 years	-72.46%	-62.89%	-9.57%
Current Drawdown Current decline from peak	-13.58%	-14.29%	+0.71%
Average Drawdown Average peak-to-trough decline	-57.75%	-42.78%	-14.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.45%	11.47%	-4.02%

Volatility

TNK vs. LPG - Volatility Comparison

The current volatility for Teekay Tankers Ltd. (TNK) is 10.89%, while Dorian LPG Ltd. (LPG) has a volatility of 16.60%. This indicates that TNK experiences smaller price fluctuations and is considered to be less risky than LPG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TNK	LPG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.89%	16.60%	-5.71%
Volatility (6M) Calculated over the trailing 6-month period	27.65%	30.17%	-2.52%
Volatility (1Y) Calculated over the trailing 1-year period	37.85%	39.60%	-1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.50%	43.40%	+2.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.66%	48.34%	+5.32%

Dividends

TNK vs. LPG - Dividend Comparison

TNK's dividend yield for the trailing twelve months is around 2.83%, less than LPG's 7.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LPG Dorian LPG Ltd.	7.21%	10.07%	16.41%	9.12%	29.02%	7.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Frequently Asked Questions

Can I hold both TNK and LPG in my portfolio?

TNK and LPG have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TNK or LPG?

LPG has higher volatility (16.60%) compared to TNK (10.89%). In terms of maximum drawdown, TNK dropped -90.45% vs LPG's -78.31%.

Which has better risk-adjusted returns?

LPG currently has the higher Sharpe Ratio (2.80 vs 1.66), 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.