HAFN vs SPY

Comparison between Hafnia Ltd (HAFN, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceHAFN has outperformed SPY, delivering a return of +51.5% compared to +13.9%

HAFN vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HAFN(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$4.39B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	59.22%	56.47%
Sharpe Ratio	1.77	1.72
5Y Beta	0.60	1.00
Industry	Marine Shipping	N/A
P/E Ratio	11.36	28.68
Forward P/E	6.35	22.00
Dividend Yield	6.26%	N/A
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	N/A	26.37%
Debt to Equity	48.89%	34.04%
Free Cash Flow Yield	10.19%	N/A
P/S Ratio	1.91	3.85
P/B Ratio	1.92	5.68

Market Cap / Net Assets

HAFN

$4.39B

Winner

SPY

$735B

Expense Ratio

HAFN

N/A

SPY

0.09%

Max Drawdown

HAFN

59.22%

Winner

SPY

56.47%

Sharpe Ratio

Winner

HAFN

1.77

SPY

1.72

5Y Beta

Winner

HAFN

0.60

SPY

1.00

Industry

HAFN

Marine Shipping

SPY

N/A

P/E Ratio

Winner

HAFN

11.36

SPY

28.68

Forward P/E

Winner

HAFN

6.35

SPY

22.00

Dividend Yield

HAFN

6.26%

SPY

N/A

5Y Dividends CAGR

HAFN

N/A

SPY

5.43%

5Y EPS CAGR

HAFN

N/A

SPY

26.37%

Debt to Equity

HAFN

48.89%

Winner

SPY

34.04%

Free Cash Flow Yield

HAFN

10.19%

SPY

N/A

P/S Ratio

Winner

HAFN

1.91

SPY

3.85

P/B Ratio

Winner

HAFN

1.92

SPY

5.68

HAFN vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	HAFN	SPY
1 month	+4.67%	+5.49%
3 months	+23.52%	+8.03%
6 months	+44.65%	+13.34%
1 year	+80.21%	+28.89%
5 years(CAGR)	+51.46%	+13.90%
10 years(CAGR)	N/A	+15.59%
Max(CAGR)	+41.97%	+8.51%

HAFN

+4.67%

Winner

SPY

+5.49%

Winner

HAFN

+23.52%

SPY

+8.03%

Winner

HAFN

+44.65%

SPY

+13.34%

Winner

HAFN

+80.21%

SPY

+28.89%

5Y(CAGR)

Winner

HAFN

+51.46%

SPY

+13.90%

10Y(CAGR)

HAFN

N/A

SPY

+15.59%

Max(CAGR)

Winner

HAFN

+41.97%

SPY

+8.51%

HAFN vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	HAFN	SPY
2026	+73.78%	+9.02%
2025	+0.08%	+18.00%
2024	-12.11%	+25.59%
2023	+0.57%	+26.72%
2022	+267.01%	-18.64%
2021	+0.00%	+30.52%
2020	+0.00%	+17.28%
2019	N/A	+31.09%
2018	N/A	-5.24%
2017	N/A	+20.78%
2016	N/A	+13.59%
2015	N/A	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

HAFN vs SPY Drawdown Comparison

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

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current HAFN drawdown is -6.50%. The current SPY drawdown is -0.73%.

Rank	HAFN	SPY
#1	-53.54% May 31, 2024 - Feb 26, 2026	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-18.31% Nov 25, 2022 - Jan 23, 2023	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-17.60% Jun 6, 2022 - Sep 1, 2022	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-16.19% Jan 23, 2023 - Apr 9, 2024	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-13.40% Mar 4, 2026 - Apr 2, 2026	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-8.56% May 5, 2026 - May 14, 2026	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-4.97% Sep 1, 2022 - Oct 17, 2022	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-3.18% Apr 11, 2024 - Apr 24, 2024	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-2.42% Apr 9, 2026 - Apr 20, 2026	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-1.37% May 6, 2024 - May 8, 2024	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-1.27% Apr 9, 2024 - Apr 11, 2024	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-1.23% Apr 6, 2026 - Apr 8, 2026	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-0.94% May 14, 2024 - May 17, 2024	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-0.91% Apr 30, 2024 - May 2, 2024	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-0.53% May 21, 2024 - May 23, 2024	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between HAFN and SPY is 0.84 which considered as a strong positive correlation - the stocks tend to move together.

0.84

-101

Dividend Comparison (1999 - 2026)

HAFN vs SPY dividend yield comparison.

Year	HAFN	SPY
2026	1.99%	0.24%
2025	7.48%	1.07%
2024	20.25%	1.21%
2023	0.00%	1.40%
2022	9.23%	1.65%
2021	0.00%	1.20%
2020	0.00%	1.52%
2019	0.00%	1.75%
2018	0.00%	2.04%
2017	0.00%	1.80%
2016	0.00%	2.03%
2015	0.00%	2.06%
2014	0.00%	1.87%
2013	0.00%	1.81%
2012	0.00%	2.18%
2011	0.00%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%