DHT vs. GSL
DHT (DHT Holdings, Inc.) and GSL (Global Ship Lease, Inc.) are both stocks. DHT operates in Oil & Gas Midstream (Energy), while GSL operates in Marine Shipping (Industrials). Over the past 10 years, DHT returned 23.29%/yr vs 18.00%/yr for GSL. At a 0.27 correlation, their price movements are largely independent.
Performance
DHT vs. GSL - Performance Comparison
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Returns By Period
In the year-to-date period, DHT achieves a 72.01% return, which is significantly higher than GSL's 12.84% return. Over the past 10 years, DHT has outperformed GSL with an annualized return of 23.29%, while GSL has yielded a comparatively lower 18.00% annualized return.
DHT
- 1D
- 4.66%
- 1M
- 13.75%
- YTD
- 72.01%
- 6M
- 72.15%
- 1Y
- 85.31%
- 3Y*
- 45.70%
- 5Y*
- 33.35%
- 10Y*
- 23.29%
GSL
- 1D
- 1.13%
- 1M
- 0.79%
- YTD
- 12.84%
- 6M
- 14.64%
- 1Y
- 57.39%
- 3Y*
- 36.38%
- 5Y*
- 21.72%
- 10Y*
- 18.00%
DHT vs. GSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHT DHT Holdings, Inc. | 72.01% | 40.04% | 3.58% | 24.07% | 73.87% | 1.41% | -20.52% | 118.96% | 11.32% | -9.26% |
GSL Global Ship Lease, Inc. | 12.84% | 73.47% | 18.09% | 28.97% | -22.16% | 100.35% | 34.65% | 78.02% | -46.55% | -22.67% |
Correlation
The correlation between DHT and GSL is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2008 | 0.27 |
Over the past year, DHT and GSL have become more correlated (0.48) than their long-term average of 0.27, meaning their price movements have been converging.
Fundamentals
DHT:
$3.19B
GSL:
$1.40B
DHT:
$2.06
GSL:
$10.76
DHT:
9.60
GSL:
3.56
DHT:
0.32
GSL:
0.13
DHT:
5.62
GSL:
1.79
DHT:
2.59
GSL:
0.75
DHT:
$566.07M
GSL:
$770.24M
DHT:
$268.69M
GSL:
$409.23M
DHT:
$450.13M
GSL:
$528.32M
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Return for Risk
DHT vs. GSL — Risk / Return Rank
DHT
GSL
DHT vs. GSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DHT Holdings, Inc. (DHT) and Global Ship Lease, Inc. (GSL). 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.
| DHT | GSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.34 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.63 | 3.38 | +2.26 |
| Martin ratioReturn relative to average drawdown | 12.57 | 10.04 | +2.53 |
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Drawdowns
DHT vs. GSL - Drawdown Comparison
The maximum DHT drawdown since its inception was -97.12%, roughly equal to the maximum GSL drawdown of -95.26%. Use the drawdown chart below to compare losses from any high point for DHT and GSL.
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Drawdown Indicators
| DHT | GSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.12% | -95.26% | -1.86% |
Max Drawdown (1Y)Largest decline over 1 year | -15.22% | -17.09% | +1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -24.96% | -35.82% | +10.86% |
Max Drawdown (5Y)Largest decline over 5 years | -34.44% | -47.50% | +13.06% |
Max Drawdown (10Y)Largest decline over 10 years | -39.56% | -86.50% | +46.94% |
Current DrawdownCurrent decline from peak | -60.29% | -7.98% | -52.31% |
Average DrawdownAverage peak-to-trough decline | -76.34% | -58.65% | -17.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.87% | 5.73% | +1.14% |
Volatility
DHT vs. GSL - Volatility Comparison
DHT Holdings, Inc. (DHT) has a higher volatility of 11.77% compared to Global Ship Lease, Inc. (GSL) at 9.74%. This indicates that DHT's price experiences larger fluctuations and is considered to be riskier than GSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHT | GSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.77% | 9.74% | +2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 28.38% | 20.60% | +7.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.64% | 27.85% | +6.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.49% | 36.91% | +1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.64% | 54.60% | -12.96% |
Dividends
DHT vs. GSL - Dividend Comparison
DHT's dividend yield for the trailing twelve months is around 7.44%, more than GSL's 6.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHT DHT Holdings, Inc. | 7.44% | 6.06% | 10.76% | 11.72% | 1.35% | 2.50% | 25.81% | 2.42% | 2.04% | 5.57% | 17.15% | 6.55% |
GSL Global Ship Lease, Inc. | 6.26% | 6.06% | 7.56% | 7.57% | 8.26% | 3.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 7.69% |
Financials
DHT vs. GSL - Financials Comparison
This section allows you to compare key financial metrics between DHT Holdings, Inc. and Global Ship Lease, 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
DHT vs. GSL - Profitability Comparison
DHT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, DHT Holdings, Inc. reported a gross profit of 112.62M and revenue of 186.48M. Therefore, the gross margin over that period was 60.4%.
GSL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Global Ship Lease, Inc. reported a gross profit of 106.27M and revenue of 198.08M. Therefore, the gross margin over that period was 53.7%.
DHT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, DHT Holdings, Inc. reported an operating income of 107.66M and revenue of 186.48M, resulting in an operating margin of 57.7%.
GSL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Global Ship Lease, Inc. reported an operating income of 97.42M and revenue of 198.08M, resulting in an operating margin of 49.2%.
DHT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, DHT Holdings, Inc. reported a net income of 164.53M and revenue of 186.48M, resulting in a net margin of 88.2%.
GSL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Global Ship Lease, Inc. reported a net income of 93.83M and revenue of 198.08M, resulting in a net margin of 47.4%.
Frequently Asked Questions
DHT and GSL have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DHT has higher volatility (11.77%) compared to GSL (9.74%). In terms of maximum drawdown, DHT dropped -97.12% vs GSL's -95.26%.
DHT currently has the higher Sharpe Ratio (2.48 vs 2.07), 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.
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