BWLP vs. SBLK

Last updated Apr 1, 2026

Compare and contrast key facts about BW LPG Limited (BWLP) and Star Bulk Carriers Corp. (SBLK).

Performance

BWLP vs. SBLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BW LPG Limited (BWLP) and Star Bulk Carriers Corp. (SBLK). The values are adjusted to include any dividend payments, if applicable.

BWLP vs. SBLK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BWLP BW LPG Limited	37.67%	29.04%	0.32%	770.27%	272.29%	3.97%	1.05%	121.88%	7.61%	-0.95%
SBLK Star Bulk Carriers Corp.	21.41%	30.76%	-21.04%	19.24%	8.50%	185.15%	-24.77%	29.82%	-18.83%	120.35%

Fundamentals

Market Cap BWLP : $2.64B SBLK : $2.62B
EPS BWLP : $1.60 SBLK : $0.73
PE Ratio BWLP : 10.88 SBLK : 31.32
PS Ratio BWLP : 0.73 SBLK : 2.53
PB Ratio BWLP : 1.44 SBLK : 1.07
Total Revenue (TTM) BWLP : $3.63B SBLK : $1.04B
Gross Profit (TTM) BWLP : $578.22M SBLK : $344.33M
EBITDA (TTM) BWLP : $586.52M SBLK : $318.33M

Returns By Period

In the year-to-date period, BWLP achieves a 37.67% return, which is significantly higher than SBLK's 21.41% return. Over the past 10 years, BWLP has outperformed SBLK with an annualized return of 69.03%, while SBLK has yielded a comparatively lower 26.94% annualized return.

BWLP

• 1D: 5.15%
• 1M: -1.07%
• YTD: 37.67%
• 6M: 30.50%
• 1Y: 78.45%
• 3Y*: 71.13%
• 5Y*: 118.52%
• 10Y*: 69.03%

SBLK

• 1D: 4.41%
• 1M: -11.24%
• YTD: 21.41%
• 6M: 26.20%
• 1Y: 51.64%
• 3Y*: 9.91%
• 5Y*: 23.02%
• 10Y*: 26.94%

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

Return for Risk

BWLP vs. SBLK — Risk / Return Rank

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

BWLP

BWLP Risk / Return Rank: 84
BWLP Sharpe Ratio Rank: 88
BWLP Sortino Ratio Rank: 82
BWLP Omega Ratio Rank: 83
BWLP Calmar Ratio Rank: 84
BWLP Martin Ratio Rank: 80

SBLK

SBLK Risk / Return Rank: 81
SBLK Sharpe Ratio Rank: 85
SBLK Sortino Ratio Rank: 78
SBLK Omega Ratio Rank: 79
SBLK Calmar Ratio Rank: 82
SBLK Martin Ratio Rank: 84

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.

BWLP vs. SBLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BW LPG Limited (BWLP) 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.

	BWLP	SBLK	Difference
Sharpe ratio Return per unit of total volatility	1.78	1.49	+0.29
Sortino ratio Return per unit of downside risk	2.23	1.96	+0.27
Omega ratio Gain probability vs. loss probability	1.31	1.27	+0.04
Calmar ratio Return relative to maximum drawdown	2.81	2.45	+0.36
Martin ratio Return relative to average drawdown	5.85	7.03	-1.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BWLP vs. SBLK - Sharpe Ratio Comparison

The current BWLP Sharpe Ratio is 1.78, which is comparable to the SBLK Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of BWLP and SBLK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BWLP	SBLK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.78	1.49	+0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.11	0.51	+0.59
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	0.50	+0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	-0.20	+0.80

Correlation

The correlation between BWLP and SBLK is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BWLP vs. SBLK - Dividend Comparison

BWLP's dividend yield for the trailing twelve months is around 8.46%, more than SBLK's 2.53% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BWLP BW LPG Limited	8.46%	10.08%	33.42%	70.60%	81.52%	24.41%	18.45%	7.70%	0.00%	0.00%	61.62%	31.19%
SBLK Star Bulk Carriers Corp.	2.53%	1.56%	16.72%	7.38%	33.80%	9.93%	0.57%	0.42%	0.00%	0.00%	0.00%	0.00%

Drawdowns

BWLP vs. SBLK - Drawdown Comparison

The maximum BWLP drawdown since its inception was -68.80%, smaller than the maximum SBLK drawdown of -99.76%. Use the drawdown chart below to compare losses from any high point for BWLP and SBLK.

Drawdown Indicators

	BWLP	SBLK	Difference
Max Drawdown Largest peak-to-trough decline	-68.80%	-99.76%	+30.96%
Max Drawdown (1Y) Largest decline over 1 year	-26.04%	-19.47%	-6.57%
Max Drawdown (5Y) Largest decline over 5 years	-54.28%	-48.44%	-5.84%
Max Drawdown (10Y) Largest decline over 10 years	-68.80%	-73.77%	+4.97%
Current Drawdown Current decline from peak	-3.71%	-94.52%	+90.81%
Average Drawdown Average peak-to-trough decline	-20.99%	-82.59%	+61.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.48%	6.78%	+5.70%

Volatility

BWLP vs. SBLK - Volatility Comparison

BW LPG Limited (BWLP) has a higher volatility of 19.44% compared to Star Bulk Carriers Corp. (SBLK) at 11.33%. This indicates that BWLP'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

	BWLP	SBLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.44%	11.33%	+8.11%
Volatility (6M) Calculated over the trailing 6-month period	29.31%	22.50%	+6.81%
Volatility (1Y) Calculated over the trailing 1-year period	44.38%	34.91%	+9.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.62%	45.04%	+62.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.09%	53.72%	+39.37%

Financials

BWLP vs. SBLK - Profitability Comparison

The chart below illustrates the profitability comparison between BW LPG Limited and Star Bulk Carriers Corp. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BWLP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, BW LPG Limited reported a gross profit of 173.00M and revenue of 732.75M. Therefore, the gross margin over that period was 23.6%.

SBLK - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Star Bulk Carriers Corp. reported a gross profit of 104.73M and revenue of 300.59M. Therefore, the gross margin over that period was 34.8%.

BWLP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, BW LPG Limited reported an operating income of 117.07M and revenue of 732.75M, resulting in an operating margin of 16.0%.

SBLK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Star Bulk Carriers Corp. reported an operating income of 81.66M and revenue of 300.59M, resulting in an operating margin of 27.2%.

BWLP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, BW LPG Limited reported a net income of 104.28M and revenue of 732.75M, resulting in a net margin of 14.2%.

SBLK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Star Bulk Carriers Corp. reported a net income of 65.15M and revenue of 300.59M, resulting in a net margin of 21.7%.