BLSH vs HAFN

Comparison between Bullish (BLSH, Company) and Hafnia Ltd (HAFN, Company).

BLSH is from the Technology sector, while HAFN is from the Industrials sector.

BLSH vs HAFN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BLSH(COMPANY)	HAFN(COMPANY)
Market Cap	$3.64B	$3.65B
Max Drawdown	68.03%	59.22%
Sharpe Ratio	-1.18	1.06
5Y Beta	2.81	0.57
Industry	Software - Infrastructure	Marine Shipping
P/E Ratio	-3.65	8.00
Forward P/E	36.76	4.95
PEG Ratio	-0.02	N/A
Dividend Yield	N/A	9.96%
Debt to Equity	19.14%	40.35%
Free Cash Flow Yield	2.71%	12.06%

Market Cap

BLSH

$3.64B

Winner

HAFN

$3.65B

Max Drawdown

BLSH

68.03%

Winner

HAFN

59.22%

Sharpe Ratio

BLSH

-1.18

Winner

HAFN

1.06

5Y Beta

BLSH

2.81

Winner

HAFN

0.57

Industry

BLSH

Software - Infrastructure

HAFN

Marine Shipping

P/E Ratio

Winner

BLSH

-3.65

HAFN

8.00

Forward P/E

BLSH

36.76

Winner

HAFN

4.95

PEG Ratio

BLSH

-0.02

HAFN

N/A

Dividend Yield

BLSH

N/A

HAFN

9.96%

Debt to Equity

Winner

BLSH

19.14%

HAFN

40.35%

Free Cash Flow Yield

BLSH

2.71%

Winner

HAFN

12.06%

BLSH vs HAFN - Historical Returns

Returns include dividend reinvestment.

Period	BLSH	HAFN
1 month	-32.23%	-15.45%
3 months	-37.04%	+8.37%
6 months	-43.80%	+41.11%
1 year	-64.56%	+42.39%
5 years(CAGR)	N/A	+46.54%
Max(CAGR)	-70.66%	+37.50%

BLSH

-32.23%

Winner

HAFN

-15.45%

BLSH

-37.04%

Winner

HAFN

+8.37%

BLSH

-43.80%

Winner

HAFN

+41.11%

BLSH

-64.56%

Winner

HAFN

+42.39%

5Y(CAGR)

BLSH

N/A

HAFN

+46.54%

Max(CAGR)

BLSH

-70.66%

Winner

HAFN

+37.50%

BLSH vs HAFN - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

Year	BLSH	HAFN
2026	-38.61%	+47.34%
2025	-44.31%	+0.08%
2024	N/A	-12.11%
2023	N/A	+0.57%
2022	N/A	+267.01%
2021	N/A	+0.00%
2020	N/A	+0.00%

BLSH vs HAFN Drawdown Comparison

The maximum drawdown for BLSH was -68.03%, occurring on Jun 17, 2026. This drawdown has not yet recovered.

The maximum drawdown for HAFN was -53.54%, occurring on Apr 4, 2025. Recovery took 435 trading sessions.

The current BLSH drawdown is -67.71%. The current HAFN drawdown is -20.73%.

Rank	BLSH	HAFN
#1	-68.03% Aug 14, 2025 - Jun 17, 2026	-53.54% May 31, 2024 - Feb 26, 2026
#2	N/A	-21.71% May 5, 2026 - Jun 17, 2026
#3	N/A	-18.31% Nov 25, 2022 - Jan 23, 2023
#4	N/A	-17.60% Jun 6, 2022 - Sep 1, 2022
#5	N/A	-16.19% Jan 23, 2023 - Apr 9, 2024
#6	N/A	-13.40% Mar 4, 2026 - Apr 2, 2026
#7	N/A	-4.97% Sep 1, 2022 - Oct 17, 2022
#8	N/A	-3.18% Apr 11, 2024 - Apr 24, 2024
#9	N/A	-2.42% Apr 9, 2026 - Apr 20, 2026
#10	N/A	-1.37% May 6, 2024 - May 8, 2024
#11	N/A	-1.27% Apr 9, 2024 - Apr 11, 2024
#12	N/A	-1.23% Apr 6, 2026 - Apr 8, 2026
#13	N/A	-0.94% May 14, 2024 - May 17, 2024
#14	N/A	-0.91% Apr 30, 2024 - May 2, 2024
#15	N/A	-0.53% May 21, 2024 - May 23, 2024

Correlation

Correlation between BLSH and HAFN is -0.52 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.52

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