TRMD vs. HAFN
TRMD (TORM plc) and HAFN (Hafnia Limited) are both stocks. TRMD operates in Oil & Gas Midstream (Energy), while HAFN operates in Marine Shipping (Industrials). Over the past year, TRMD returned 74.18% vs 51.84% for HAFN. A 0.77 correlation means they provide meaningful diversification when combined.
Performance
TRMD vs. HAFN - Performance Comparison
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Returns By Period
In the year-to-date period, TRMD achieves a 54.81% return, which is significantly higher than HAFN's 46.04% return.
TRMD
- 1D
- -2.10%
- 1M
- -5.07%
- 6M
- 34.96%
- YTD
- 54.81%
- 1Y
- 74.18%
- 3Y*
- 23.44%
- 5Y*
- 45.06%
- 10Y*
- —
HAFN
- 1D
- 0.69%
- 1M
- -2.40%
- 6M
- 38.01%
- YTD
- 46.04%
- 1Y
- 51.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TRMD vs. HAFN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TRMD TORM plc | 54.81% | 11.21% | -33.53% |
HAFN Hafnia Limited | 46.04% | 2.71% | -14.02% |
Correlation
The correlation between TRMD and HAFN is 0.80, 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 | 0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2024 | 0.77 |
The correlation between TRMD and HAFN has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.
Fundamentals
TRMD:
$2.95B
HAFN:
$3.66B
TRMD:
$3.40
HAFN:
$0.90
TRMD:
8.49
HAFN:
8.09
TRMD:
0.09
HAFN:
0.17
TRMD:
2.07
HAFN:
1.54
TRMD:
1.31
HAFN:
1.46
TRMD:
$1.41B
HAFN:
$2.41B
TRMD:
$575.03M
HAFN:
$496.74M
TRMD:
$639.99M
HAFN:
$679.63M
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Return for Risk
TRMD vs. HAFN — Risk / Return Rank
TRMD
HAFN
TRMD vs. HAFN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TORM plc (TRMD) and Hafnia Limited (HAFN). 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.
| TRMD | HAFN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 1.86 | +1.31 |
| Martin ratioReturn relative to average drawdown | 8.27 | 5.31 | +2.97 |
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Drawdowns
TRMD vs. HAFN - Drawdown Comparison
The maximum TRMD drawdown since its inception was -60.59%, which is greater than HAFN's maximum drawdown of -53.75%. Use the drawdown chart below to compare losses from any high point for TRMD and HAFN.
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Drawdown Indicators
| TRMD | HAFN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.59% | -53.75% | -6.84% |
Max Drawdown (1Y)Largest decline over 1 year | -23.53% | -27.99% | +4.46% |
Max Drawdown (3Y)Largest decline over 3 years | -60.59% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -60.59% | — | — |
Current DrawdownCurrent decline from peak | -15.31% | -19.65% | +4.34% |
Average DrawdownAverage peak-to-trough decline | -22.49% | -21.16% | -1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.01% | 9.80% | -0.79% |
Volatility
TRMD vs. HAFN - Volatility Comparison
TORM plc (TRMD) and Hafnia Limited (HAFN) have volatilities of 13.20% and 13.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRMD | HAFN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.20% | 13.20% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 29.05% | 27.31% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.28% | 35.92% | +2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.29% | 38.54% | +7.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.69% | 38.54% | +21.15% |
Dividends
TRMD vs. HAFN - Dividend Comparison
TRMD's dividend yield for the trailing twelve months is around 8.39%, less than HAFN's 10.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
HAFN Hafnia Limited | 10.00% | 7.48% | 20.25% | 0.00% | 0.00% | 0.00% | 0.00% |
TRMD TORM plc | 8.39% | 10.32% | 30.13% | 23.05% | 6.99% | 0.00% | 14.89% |
Financials
TRMD vs. HAFN - Financials Comparison
This section allows you to compare key financial metrics between TORM plc and Hafnia 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
TRMD vs. HAFN - Profitability Comparison
TRMD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, TORM plc reported a gross profit of 157.74M and revenue of 395.84M. Therefore, the gross margin over that period was 39.9%.
HAFN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Hafnia Limited reported a gross profit of 159.30M and revenue of 671.22M. Therefore, the gross margin over that period was 23.7%.
TRMD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, TORM plc reported an operating income of 135.10M and revenue of 395.84M, resulting in an operating margin of 34.1%.
HAFN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Hafnia Limited reported an operating income of 150.55M and revenue of 671.22M, resulting in an operating margin of 22.4%.
TRMD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, TORM plc reported a net income of 120.52M and revenue of 395.84M, resulting in a net margin of 30.5%.
HAFN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Hafnia Limited reported a net income of 179.73M and revenue of 671.22M, resulting in a net margin of 26.8%.
Frequently Asked Questions
TRMD and HAFN have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HAFN has higher volatility (13.20%) compared to TRMD (13.20%). In terms of maximum drawdown, TRMD dropped -60.59% vs HAFN's -53.75%.
TRMD currently has the higher Sharpe Ratio (1.95 vs 1.45), 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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