DSX vs. SB

Last updated Apr 2, 2026

Compare and contrast key facts about Diana Shipping Inc. (DSX) and Safe Bulkers, Inc. (SB).

Performance

DSX vs. SB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Diana Shipping Inc. (DSX) and Safe Bulkers, Inc. (SB). The values are adjusted to include any dividend payments, if applicable.

DSX vs. SB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DSX Diana Shipping Inc.	50.62%	-13.29%	-28.12%	-11.15%	18.18%	134.77%	-37.94%	-2.20%	-21.87%	34.77%
SB Safe Bulkers, Inc.	34.64%	41.65%	-5.15%	42.94%	-18.68%	190.00%	-23.53%	-4.49%	-44.89%	180.87%

Fundamentals

Market Cap DSX : $278.78M SB : $658.99M
EPS DSX : $0.16 SB : $0.38
PE Ratio DSX : 15.54 SB : 17.10
PS Ratio DSX : 1.30 SB : 2.39
PB Ratio DSX : 0.55 SB : 0.79
Total Revenue (TTM) DSX : $213.54M SB : $275.74M
Gross Profit (TTM) DSX : $86.39M SB : $99.06M
EBITDA (TTM) DSX : $94.75M SB : $134.68M

Returns By Period

In the year-to-date period, DSX achieves a 50.62% return, which is significantly higher than SB's 34.64% return. Over the past 10 years, DSX has underperformed SB with an annualized return of 5.81%, while SB has yielded a comparatively higher 25.73% annualized return.

DSX

• 1D: -0.40%
• 1M: -5.65%
• YTD: 50.62%
• 6M: 46.97%
• 1Y: 59.06%
• 3Y*: -6.91%
• 5Y*: 7.78%
• 10Y*: 5.81%

SB

• 1D: 1.74%
• 1M: -3.30%
• YTD: 34.64%
• 6M: 45.91%
• 1Y: 79.13%
• 3Y*: 26.24%
• 5Y*: 26.47%
• 10Y*: 25.73%

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

Return for Risk

DSX vs. SB — Risk / Return Rank

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

DSX

DSX Risk / Return Rank: 78
DSX Sharpe Ratio Rank: 78
DSX Sortino Ratio Rank: 75
DSX Omega Ratio Rank: 69
DSX Calmar Ratio Rank: 86
DSX Martin Ratio Rank: 82

SB

SB Risk / Return Rank: 92
SB Sharpe Ratio Rank: 93
SB Sortino Ratio Rank: 91
SB Omega Ratio Rank: 90
SB Calmar Ratio Rank: 91
SB Martin Ratio Rank: 94

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.

DSX vs. SB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Diana Shipping Inc. (DSX) and Safe Bulkers, Inc. (SB). 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.

	DSX	SB	Difference
Sharpe ratio Return per unit of total volatility	1.20	2.31	-1.12
Sortino ratio Return per unit of downside risk	1.91	2.98	-1.07
Omega ratio Gain probability vs. loss probability	1.22	1.40	-0.18
Calmar ratio Return relative to maximum drawdown	3.11	4.40	-1.29
Martin ratio Return relative to average drawdown	7.01	14.47	-7.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DSX vs. SB - Sharpe Ratio Comparison

The current DSX Sharpe Ratio is 1.20, which is lower than the SB Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of DSX and SB, 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

	DSX	SB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.20	2.31	-1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.60	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	0.45	-0.34
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	-0.03	-0.04

Correlation

The correlation between DSX and SB is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DSX vs. SB - Dividend Comparison

DSX's dividend yield for the trailing twelve months is around 1.61%, less than SB's 3.11% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DSX Diana Shipping Inc.	1.61%	2.41%	11.99%	20.20%	23.08%	2.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SB Safe Bulkers, Inc.	3.11%	4.15%	5.60%	5.09%	6.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.94%

Drawdowns

DSX vs. SB - Drawdown Comparison

The maximum DSX drawdown since its inception was -96.20%, roughly equal to the maximum SB drawdown of -97.38%. Use the drawdown chart below to compare losses from any high point for DSX and SB.

Drawdown Indicators

	DSX	SB	Difference
Max Drawdown Largest peak-to-trough decline	-96.20%	-97.38%	+1.18%
Max Drawdown (1Y) Largest decline over 1 year	-20.30%	-18.45%	-1.85%
Max Drawdown (5Y) Largest decline over 5 years	-71.03%	-52.55%	-18.48%
Max Drawdown (10Y) Largest decline over 10 years	-78.94%	-78.46%	-0.48%
Current Drawdown Current decline from peak	-86.63%	-31.51%	-55.12%
Average Drawdown Average peak-to-trough decline	-70.06%	-63.45%	-6.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.00%	5.67%	+3.33%

Volatility

DSX vs. SB - Volatility Comparison

Diana Shipping Inc. (DSX) has a higher volatility of 16.71% compared to Safe Bulkers, Inc. (SB) at 10.94%. This indicates that DSX's price experiences larger fluctuations and is considered to be riskier than SB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DSX	SB	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.71%	10.94%	+5.77%
Volatility (6M) Calculated over the trailing 6-month period	34.96%	22.92%	+12.04%
Volatility (1Y) Calculated over the trailing 1-year period	49.67%	34.39%	+15.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.25%	44.39%	+3.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.57%	57.18%	-2.61%

Financials

DSX vs. SB - Profitability Comparison

The chart below illustrates the profitability comparison between Diana Shipping Inc. and Safe Bulkers, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

DSX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Diana Shipping Inc. reported a gross profit of 28.65M and revenue of 52.05M. Therefore, the gross margin over that period was 55.0%.

SB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Safe Bulkers, Inc. reported a gross profit of 30.51M and revenue of 72.57M. Therefore, the gross margin over that period was 42.0%.

DSX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Diana Shipping Inc. reported an operating income of 7.26M and revenue of 52.05M, resulting in an operating margin of 14.0%.

SB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Safe Bulkers, Inc. reported an operating income of 22.55M and revenue of 72.57M, resulting in an operating margin of 31.1%.

DSX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Diana Shipping Inc. reported a net income of 3.13M and revenue of 52.05M, resulting in a net margin of 6.0%.

SB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Safe Bulkers, Inc. reported a net income of 11.84M and revenue of 72.57M, resulting in a net margin of 16.3%.