UGP vs. TEN
UGP (Ultrapar Participações S.A.) and TEN (Tsakos Energy Navigation Ltd) are both stocks. Both are in the Energy sector — UGP in Oil & Gas Refining & Marketing, TEN in Oil & Gas Midstream. Over the past 10 years, UGP returned -2.08%/yr vs 10.54%/yr for TEN. Their 0.22 correlation means their historical movements had little consistent relationship.
Performance
UGP vs. TEN - Performance Comparison
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Returns By Period
In the year-to-date period, UGP achieves a 72.41% return, which is significantly lower than TEN's 87.00% return. Over the past 10 years, UGP has underperformed TEN with an annualized return of -2.08%, while TEN has yielded a comparatively higher 10.54% annualized return.
UGP
- 1D
- 0.62%
- 1M
- 28.21%
- 6M
- 35.98%
- YTD
- 72.41%
- 1Y
- 126.62%
- 3Y*
- 23.61%
- 5Y*
- 18.13%
- 10Y*
- -2.08%
- ALL TIME*
- 10.48%
TEN
- 1D
- 1.08%
- 1M
- 10.15%
- 6M
- 54.31%
- YTD
- 87.00%
- 1Y
- 120.24%
- 3Y*
- 34.03%
- 5Y*
- 45.40%
- 10Y*
- 10.54%
- ALL TIME*
- 5.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.70M | $8.38M | $11.43M | |
| $21.03M | $27.86M | $20.99M |
UGP vs. TEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UGP Ultrapar Participações S.A. | 72.41% | 57.18% | -50.30% | 128.76% | -4.60% | -39.49% | -26.69% | -5.15% | -38.91% | 12.39% |
TEN Tsakos Energy Navigation Ltd | 87.00% | 36.04% | -16.03% | 40.05% | 138.54% | -8.72% | -61.54% | 68.70% | -28.96% | -12.82% |
Correlation
The correlation between UGP and TEN is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2002 | 0.22 |
Fundamentals
UGP:
$6.95B
TEN:
$1.21B
UGP:
R$2.71
TEN:
$7.08
UGP:
12.16
TEN:
5.66
UGP:
0.33
TEN:
0.01
UGP:
0.25
TEN:
1.40
UGP:
10.88
TEN:
0.62
UGP:
R$144.45B
TEN:
$854.60M
UGP:
R$10.28B
TEN:
$337.69M
UGP:
R$8.79B
TEN:
$410.58M
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Return for Risk
UGP vs. TEN — Risk / Return Rank
UGP
TEN
UGP vs. TEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ultrapar Participações S.A. (UGP) and Tsakos Energy Navigation Ltd (TEN). 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.
| UGP | TEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.47 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | 5.99 | -0.51 |
| Martin ratioReturn relative to average drawdown | 16.57 | 16.97 | -0.40 |
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Drawdowns
UGP vs. TEN - Drawdown Comparison
The maximum UGP drawdown since its inception was -83.31%, smaller than the maximum TEN drawdown of -92.52%. Use the drawdown chart below to compare losses from any high point for UGP and TEN.
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Drawdown Indicators
| UGP | TEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.31% | -92.52% | +9.21% |
Max Drawdown (1Y)Largest decline over 1 year | -23.24% | -20.46% | -2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -58.58% | -52.64% | -5.94% |
Max Drawdown (5Y)Largest decline over 5 years | -58.58% | -52.64% | -5.94% |
Max Drawdown (10Y)Largest decline over 10 years | -83.31% | -68.69% | -14.62% |
Current DrawdownCurrent decline from peak | -33.75% | -44.87% | +11.12% |
Average DrawdownAverage peak-to-trough decline | -30.06% | -57.17% | +27.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.67% | 7.21% | +0.46% |
Volatility
UGP vs. TEN - Volatility Comparison
The current volatility for Ultrapar Participações S.A. (UGP) is 10.04%, while Tsakos Energy Navigation Ltd (TEN) has a volatility of 10.89%. This indicates that UGP experiences smaller price fluctuations and is considered to be less risky than TEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UGP | TEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.04% | 10.89% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 23.73% | 28.29% | -4.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.31% | 36.16% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.36% | 46.92% | -4.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.02% | 49.21% | -1.19% |
Dividends
UGP vs. TEN - Dividend Comparison
UGP's dividend yield for the trailing twelve months is around 3.74%, less than TEN's 4.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TEN Tsakos Energy Navigation Ltd | 4.99% | 4.91% | 8.65% | 5.85% | 1.48% | 1.38% | 6.23% | 2.29% | 5.64% | 5.12% | 6.18% | 3.03% |
UGP Ultrapar Participações S.A. | 3.74% | 8.50% | 4.76% | 1.30% | 4.70% | 4.51% | 1.20% | 2.28% | 3.15% | 2.39% | 2.23% | 2.93% |
Financials
UGP vs. TEN - Financials Comparison
This section allows you to compare key financial metrics between Ultrapar Participações S.A. and Tsakos Energy Navigation Ltd. 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
UGP vs. TEN - Profitability Comparison
UGP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Ultrapar Participações S.A. reported a gross profit of 3.06B and revenue of 35.41B. Therefore, the gross margin over that period was 8.6%.
TEN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Tsakos Energy Navigation Ltd reported a gross profit of 122.32M and revenue of 252.96M. Therefore, the gross margin over that period was 48.4%.
UGP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Ultrapar Participações S.A. reported an operating income of 1.79B and revenue of 35.41B, resulting in an operating margin of 5.1%.
TEN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Tsakos Energy Navigation Ltd reported an operating income of 109.88M and revenue of 252.96M, resulting in an operating margin of 43.4%.
UGP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Ultrapar Participações S.A. reported a net income of 843.54M and revenue of 35.41B, resulting in a net margin of 2.4%.
TEN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Tsakos Energy Navigation Ltd reported a net income of 88.84M and revenue of 252.96M, resulting in a net margin of 35.1%.
Frequently Asked Questions
UGP and TEN have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TEN has higher volatility (10.89%) compared to UGP (10.04%). In terms of maximum drawdown, UGP dropped -83.31% vs TEN's -92.52%.
UGP currently has the higher Sharpe Ratio (3.51 vs 3.40), 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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