BWLP vs. WHF
BWLP (BW LPG Limited) and WHF (WhiteHorse Finance, Inc.) are both stocks. BWLP operates in Marine Shipping (Industrials), while WHF operates in Asset Management (Financial Services). Over the past 10 years, BWLP returned 69.64%/yr vs 7.98%/yr for WHF. At a 0.06 correlation, their price movements are largely independent.
Performance
BWLP vs. WHF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BWLP achieves a 59.64% return, which is significantly higher than WHF's 1.11% return. Over the past 10 years, BWLP has outperformed WHF with an annualized return of 69.64%, while WHF has yielded a comparatively lower 7.98% annualized return.
BWLP
- 1D
- 4.59%
- 1M
- -8.86%
- YTD
- 59.64%
- 6M
- 67.30%
- 1Y
- 81.21%
- 3Y*
- 57.28%
- 5Y*
- 124.66%
- 10Y*
- 69.64%
WHF
- 1D
- 1.55%
- 1M
- -0.46%
- YTD
- 1.11%
- 6M
- 1.26%
- 1Y
- -11.96%
- 3Y*
- -6.52%
- 5Y*
- -3.42%
- 10Y*
- 7.98%
BWLP vs. WHF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BWLP BW LPG Limited | 59.64% | 29.04% | 0.32% | 770.27% | 272.29% | 3.97% | 1.05% | 121.88% | 7.61% | -0.95% |
WHF WhiteHorse Finance, Inc. | 1.11% | -15.36% | -8.52% | 6.26% | -6.23% | 25.77% | 19.14% | 20.83% | 4.80% | 21.87% |
Correlation
The correlation between BWLP and WHF is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2014 | 0.06 |
Fundamentals
BWLP:
$2.87B
WHF:
$145.21M
BWLP:
$2.39
WHF:
$0.69
BWLP:
7.93
WHF:
9.52
BWLP:
0.80
WHF:
3.15
BWLP:
1.50
WHF:
0.58
BWLP:
$3.59B
WHF:
$47.81M
BWLP:
$697.29M
WHF:
$14.33M
BWLP:
$728.22M
WHF:
-$4.37M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BWLP vs. WHF — Risk / Return Rank
BWLP
WHF
BWLP vs. WHF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BW LPG Limited (BWLP) and WhiteHorse Finance, Inc. (WHF). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BWLP | WHF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.56 | ||
| Sortino ratioReturn per unit of downside risk | +3.04 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.95 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | -0.45 | +3.59 |
| Martin ratioReturn relative to average drawdown | 6.84 | -0.82 | +7.67 |
Loading charts...
Drawdowns
BWLP vs. WHF - Drawdown Comparison
The maximum BWLP drawdown since its inception was -68.80%, which is greater than WHF's maximum drawdown of -57.48%. Use the drawdown chart below to compare losses from any high point for BWLP and WHF.
Loading charts...
Drawdown Indicators
| BWLP | WHF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.80% | -57.48% | -11.32% |
Max Drawdown (1Y)Largest decline over 1 year | -26.04% | -26.51% | +0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -54.28% | -37.91% | -16.37% |
Max Drawdown (5Y)Largest decline over 5 years | -54.28% | -37.91% | -16.37% |
Max Drawdown (10Y)Largest decline over 10 years | -68.80% | -57.48% | -11.32% |
Current DrawdownCurrent decline from peak | -12.12% | -29.51% | +17.39% |
Average DrawdownAverage peak-to-trough decline | -20.67% | -9.00% | -11.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.91% | 14.53% | -2.62% |
Volatility
BWLP vs. WHF - Volatility Comparison
BW LPG Limited (BWLP) has a higher volatility of 13.58% compared to WhiteHorse Finance, Inc. (WHF) at 10.10%. This indicates that BWLP's price experiences larger fluctuations and is considered to be riskier than WHF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BWLP | WHF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.58% | 10.10% | +3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 29.89% | 20.68% | +9.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.29% | 28.23% | +10.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 107.18% | 22.97% | +84.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.51% | 31.57% | +57.94% |
Dividends
BWLP vs. WHF - Dividend Comparison
BWLP's dividend yield for the trailing twelve months is around 13.27%, less than WHF's 18.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BWLP BW LPG Limited | 13.27% | 10.08% | 33.42% | 70.60% | 81.52% | 24.41% | 18.45% | 7.70% | 0.00% | 0.00% | 61.62% | 31.19% |
WHF WhiteHorse Finance, Inc. | 18.02% | 20.72% | 18.44% | 12.60% | 11.26% | 10.03% | 13.96% | 11.79% | 11.16% | 10.58% | 11.67% | 12.37% |
Financials
BWLP vs. WHF - Financials Comparison
This section allows you to compare key financial metrics between BW LPG Limited and WhiteHorse Finance, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BWLP vs. WHF - Profitability Comparison
BWLP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BW LPG Limited reported a gross profit of 280.57M and revenue of 842.01M. Therefore, the gross margin over that period was 33.3%.
WHF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, WhiteHorse Finance, Inc. reported a gross profit of 0.00 and revenue of 15.86M. Therefore, the gross margin over that period was 0.0%.
BWLP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BW LPG Limited reported an operating income of 222.27M and revenue of 842.01M, resulting in an operating margin of 26.4%.
WHF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, WhiteHorse Finance, Inc. reported an operating income of 0.00 and revenue of 15.86M, resulting in an operating margin of 0.0%.
BWLP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BW LPG Limited reported a net income of 164.89M and revenue of 842.01M, resulting in a net margin of 19.6%.
WHF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, WhiteHorse Finance, Inc. reported a net income of 5.73M and revenue of 15.86M, resulting in a net margin of 36.1%.
Frequently Asked Questions
BWLP and WHF have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BWLP has higher volatility (13.58%) compared to WHF (10.10%). In terms of maximum drawdown, BWLP dropped -68.80% vs WHF's -57.48%.
BWLP currently has the higher Sharpe Ratio (2.14 vs -0.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for BWLP and WHF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer