2343.HK vs. SBLK

Last updated Jun 5, 2026

2343.HK (Pacific Basin Shipping Ltd) and SBLK (Star Bulk Carriers Corp.) are both stocks. Both operate in the Marine Shipping industry within the Industrials sector. Over the past 10 years, 2343.HK returned 20.55%/yr vs 28.44%/yr for SBLK. At a 0.12 correlation, their price movements are largely independent.

Performance

2343.HK vs. SBLK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in Pacific Basin Shipping Ltd (2343.HK) and Star Bulk Carriers Corp. (SBLK). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

2343.HK is traded in HKD, while SBLK is traded in USD. To make them comparable, the SBLK values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 2343.HK achieves a 38.34% return, which is significantly lower than SBLK's 44.42% return. Over the past 10 years, 2343.HK has underperformed SBLK with an annualized return of 20.55%, while SBLK has yielded a comparatively higher 28.44% annualized return.

2343.HK

• 1D: -1.25%
• 1M: 1.94%
• YTD: 38.34%
• 6M: 16.79%
• 1Y: 65.63%
• 3Y*: 15.82%
• 5Y*: 13.97%
• 10Y*: 20.55%

SBLK

• 1D: -0.12%
• 1M: 1.72%
• YTD: 44.42%
• 6M: 36.15%
• 1Y: 72.06%
• 3Y*: 20.80%
• 5Y*: 20.51%
• 10Y*: 28.44%

*Multi-year figures are annualized to reflect compound growth (CAGR)

2343.HK vs. SBLK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
2343.HK Pacific Basin Shipping Ltd	38.34%	47.41%	-33.57%	9.17%	24.18%	103.64%	-9.14%	12.58%	-10.75%	35.20%
SBLK Star Bulk Carriers Corp.	44.42%	31.02%	-21.45%	19.23%	8.68%	186.70%	-25.11%	29.13%	-18.65%	122.04%

Correlation

The correlation between 2343.HK and SBLK is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since Jul 6, 2007	0.12

The correlation between 2343.HK and SBLK shifts across timeframes, from 0.00 (1 year) to 0.12 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

2343.HK vs. SBLK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

2343.HK

2343.HK Risk / Return Rank: 82
2343.HK Sharpe Ratio Rank: 82
2343.HK Sortino Ratio Rank: 78
2343.HK Omega Ratio Rank: 81
2343.HK Calmar Ratio Rank: 85
2343.HK Martin Ratio Rank: 82

SBLK

SBLK Risk / Return Rank: 89
SBLK Sharpe Ratio Rank: 92
SBLK Sortino Ratio Rank: 89
SBLK Omega Ratio Rank: 87
SBLK Calmar Ratio Rank: 89
SBLK Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

2343.HK vs. SBLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacific Basin Shipping Ltd (2343.HK) and Star Bulk Carriers Corp. (SBLK). 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.

	2343.HK	SBLK	Difference
Sharpe ratio: Return per unit of total volatility	1.51	2.46	-0.95
Sortino ratio: Return per unit of downside risk	2.16	3.09	-0.93
Omega ratio: Gain probability vs. loss probability	1.31	1.38	-0.06
Calmar ratio: Return relative to maximum drawdown	3.41	4.16	-0.75
Martin ratio: Return relative to average drawdown	7.32	11.55	-4.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

2343.HK vs. SBLK - Sharpe Ratio Comparison

The current 2343.HK Sharpe Ratio is 1.51, which is lower than the SBLK Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of 2343.HK and SBLK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	2343.HK	SBLK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	2.46	-0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.47	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.54	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	-0.21	+0.32

Drawdowns

2343.HK vs. SBLK - Drawdown Comparison

The maximum 2343.HK drawdown since its inception was -94.61%, smaller than the maximum SBLK drawdown of -99.76%. Use the drawdown chart below to compare losses from any high point for 2343.HK and SBLK.

Drawdown Indicators

	2343.HK	SBLK	Difference
Max Drawdown Largest peak-to-trough decline	-94.61%	-99.76%	+5.15%
Max Drawdown (1Y) Largest decline over 1 year	-19.83%	-17.42%	-2.41%
Max Drawdown (3Y) Largest decline over 3 years	-48.19%	-48.75%	+0.56%
Max Drawdown (5Y) Largest decline over 5 years	-52.32%	-48.75%	-3.57%
Max Drawdown (10Y) Largest decline over 10 years	-61.45%	-74.03%	+12.58%
Current Drawdown Current decline from peak	-56.83%	-93.49%	+36.66%
Average Drawdown Average peak-to-trough decline	-65.79%	-88.38%	+22.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.14%	6.26%	+2.88%

Volatility

2343.HK vs. SBLK - Volatility Comparison

Pacific Basin Shipping Ltd (2343.HK) has a higher volatility of 10.54% compared to Star Bulk Carriers Corp. (SBLK) at 8.19%. This indicates that 2343.HK's price experiences larger fluctuations and is considered to be riskier than SBLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	2343.HK	SBLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.54%	8.19%	+2.35%
Volatility (6M) Calculated over the trailing 6-month period	28.46%	23.19%	+5.27%
Volatility (1Y) Calculated over the trailing 1-year period	44.90%	29.48%	+15.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.43%	43.44%	+3.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.17%	52.70%	-6.53%

Dividends

2343.HK vs. SBLK - Dividend Comparison

2343.HK's dividend yield for the trailing twelve months is around 2.41%, more than SBLK's 2.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
2343.HK Pacific Basin Shipping Ltd	2.41%	2.88%	5.98%	12.65%	42.42%	4.90%	1.44%	2.26%	1.68%	0.00%	0.00%	0.03%
SBLK Star Bulk Carriers Corp.	2.14%	1.56%	16.72%	7.38%	33.80%	9.93%	0.57%	0.42%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both 2343.HK and SBLK in my portfolio?

2343.HK and SBLK have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.