TNK vs. TK
TNK (Teekay Tankers Ltd.) and TK (Teekay Corporation) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 10 years, TNK returned 15.11%/yr vs 13.04%/yr for TK. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
TNK vs. TK - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TNK having a 51.20% return and TK slightly lower at 49.05%. Over the past 10 years, TNK has outperformed TK with an annualized return of 15.11%, while TK has yielded a comparatively lower 13.04% annualized return.
TNK
- 1D
- 2.10%
- 1M
- 4.28%
- YTD
- 51.20%
- 6M
- 50.02%
- 1Y
- 84.36%
- 3Y*
- 33.19%
- 5Y*
- 43.23%
- 10Y*
- 15.11%
TK
- 1D
- 1.06%
- 1M
- 0.89%
- YTD
- 49.05%
- 6M
- 46.77%
- 1Y
- 72.77%
- 3Y*
- 57.23%
- 5Y*
- 41.53%
- 10Y*
- 13.04%
TNK vs. TK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNK Teekay Tankers Ltd. | 51.20% | 40.21% | -16.58% | 69.15% | 182.66% | -1.00% | -54.07% | 222.87% | -31.94% | -33.72% |
TK Teekay Corporation | 49.05% | 48.20% | 47.41% | 57.49% | 44.59% | 46.05% | -59.59% | 61.78% | -63.10% | 18.93% |
Correlation
The correlation between TNK and TK is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2007 | 0.56 |
Over the past year, TNK and TK have become more correlated (0.90) than their long-term average of 0.56, meaning their price movements have been converging.
Fundamentals
TNK:
$2.77B
TK:
$1.09B
TNK:
$12.32
TK:
$1.09
TNK:
6.43
TK:
11.46
TNK:
0.10
TK:
0.05
TNK:
2.74
TK:
1.10
TNK:
1.26
TK:
1.50
TNK:
$1.01B
TK:
$977.60M
TNK:
$351.02M
TK:
$207.39M
TNK:
$452.68M
TK:
$331.56M
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Return for Risk
TNK vs. TK — Risk / Return Rank
TNK
TK
TNK vs. TK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teekay Tankers Ltd. (TNK) and Teekay Corporation (TK). 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 | TK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.32 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.49 | 4.38 | +0.11 |
| Martin ratioReturn relative to average drawdown | 11.66 | 10.81 | +0.85 |
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Drawdowns
TNK vs. TK - Drawdown Comparison
The maximum TNK drawdown since its inception was -90.45%, smaller than the maximum TK drawdown of -97.03%. Use the drawdown chart below to compare losses from any high point for TNK and TK.
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Drawdown Indicators
| TNK | TK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.45% | -97.03% | +6.58% |
Max Drawdown (1Y)Largest decline over 1 year | -18.88% | -16.68% | -2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -52.43% | -32.17% | -20.26% |
Max Drawdown (5Y)Largest decline over 5 years | -52.43% | -35.80% | -16.63% |
Max Drawdown (10Y)Largest decline over 10 years | -67.94% | -83.87% | +15.93% |
Current DrawdownCurrent decline from peak | -3.03% | -59.81% | +56.78% |
Average DrawdownAverage peak-to-trough decline | -57.59% | -47.81% | -9.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.27% | 6.77% | +0.50% |
Volatility
TNK vs. TK - Volatility Comparison
Teekay Tankers Ltd. (TNK) has a higher volatility of 9.94% compared to Teekay Corporation (TK) at 8.97%. This indicates that TNK's price experiences larger fluctuations and is considered to be riskier than TK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNK | TK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.94% | 8.97% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 27.66% | 27.13% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.54% | 35.51% | +2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.46% | 41.72% | +3.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.60% | 55.72% | -2.12% |
Dividends
TNK vs. TK - Dividend Comparison
TNK's dividend yield for the trailing twelve months is around 2.52%, less than TK's 16.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TK Teekay Corporation | 16.06% | 11.07% | 46.90% | 0.00% | 0.00% | 0.00% | 0.00% | 1.03% | 6.59% | 2.36% | 2.74% | 17.55% |
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. TK - Financials Comparison
This section allows you to compare key financial metrics between Teekay Tankers Ltd. and Teekay Corporation. 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. TK - 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%.
TK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Teekay Corporation reported a gross profit of 0.00 and revenue of 257.70M. Therefore, the gross margin over that period was 0.0%.
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%.
TK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Teekay Corporation reported an operating income of 109.66M and revenue of 257.70M, resulting in an operating margin of 42.6%.
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%.
TK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Teekay Corporation reported a net income of 34.97M and revenue of 257.70M, resulting in a net margin of 13.6%.
Frequently Asked Questions
With a correlation of 0.90, TNK and TK move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TNK has higher volatility (9.94%) compared to TK (8.97%). In terms of maximum drawdown, TNK dropped -90.45% vs TK's -97.03%.
TNK currently has the higher Sharpe Ratio (2.27 vs 2.06), 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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