Apples and oranges. Totally different businesses. One could argue that ACAS's services will benefit from a deteriorating economy, and that NAT's will not , but thats about as far as you can go with the comparison. I hope NAT and dry shippers do well, but I wouldn't hedge one way or another between the two anymore than I would say buying bonds is 'safer' than buying stocks. If things melt down it doesn't matter at all, and if they don't it really doesn't matter much.