EDRY vs. LPG

Last updated Jun 4, 2026

EDRY (EuroDry Ltd.) and LPG (Dorian LPG Ltd.) are both stocks. EDRY operates in Marine Shipping (Industrials), while LPG operates in Oil & Gas Midstream (Energy). Over the past 5 years, EDRY returned -3.86%/yr vs 45.87%/yr for LPG. At a 0.18 correlation, their price movements are largely independent.

Performance

EDRY vs. LPG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EuroDry Ltd. (EDRY) and Dorian LPG Ltd. (LPG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with EDRY having a 75.67% return and LPG slightly lower at 75.50%.

EDRY

• 1D: -2.59%
• 1M: 15.53%
• YTD: 75.67%
• 6M: 72.06%
• 1Y: 176.39%
• 3Y*: 16.38%
• 5Y*: -3.86%
• 10Y*: —

LPG

• 1D: -0.32%
• 1M: 6.05%
• YTD: 75.50%
• 6M: 70.94%
• 1Y: 104.97%
• 3Y*: 32.72%
• 5Y*: 45.87%
• 10Y*: 26.56%

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

EDRY vs. LPG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EDRY EuroDry Ltd.	75.67%	14.56%	-41.21%	10.85%	-9.74%	247.45%	-29.74%	-9.20%	13.77%
LPG Dorian LPG Ltd.	75.50%	9.75%	-37.80%	171.42%	109.62%	12.71%	-21.25%	165.52%	-27.85%

Correlation

The correlation between EDRY and LPG is 0.10, 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	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (All Time) Calculated using the full available price history since Jun 1, 2018	0.18

The correlation between EDRY and LPG shifts across timeframes, from 0.10 (1 year) to 0.24 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap EDRY : $63.04M LPG : $1.74B
EPS EDRY : -$0.11 LPG : $4.54
PS Ratio EDRY : 1.12 LPG : 3.61
PB Ratio EDRY : 0.67 LPG : 1.52
Total Revenue (TTM) EDRY : $55.84M LPG : $481.51M
Gross Profit (TTM) EDRY : $12.77M LPG : $415.02M
EBITDA (TTM) EDRY : $19.55M LPG : $279.22M

Return for Risk

EDRY vs. LPG — Risk / Return Rank

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

EDRY

EDRY Risk / Return Rank: 94
EDRY Sharpe Ratio Rank: 95
EDRY Sortino Ratio Rank: 93
EDRY Omega Ratio Rank: 90
EDRY Calmar Ratio Rank: 96
EDRY Martin Ratio Rank: 97

LPG

LPG Risk / Return Rank: 89
LPG Sharpe Ratio Rank: 92
LPG Sortino Ratio Rank: 90
LPG Omega Ratio Rank: 88
LPG Calmar Ratio Rank: 88
LPG Martin Ratio Rank: 85

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.

EDRY vs. LPG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EuroDry Ltd. (EDRY) and Dorian LPG Ltd. (LPG). 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.

	EDRY	LPG	Difference
Sharpe ratio Return per unit of total volatility	3.14	2.67	+0.47
Sortino ratio Return per unit of downside risk	3.63	3.27	+0.36
Omega ratio Gain probability vs. loss probability	1.45	1.41	+0.04
Calmar ratio Return relative to maximum drawdown	8.14	4.22	+3.92
Martin ratio Return relative to average drawdown	26.03	9.15	+16.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EDRY vs. LPG - Sharpe Ratio Comparison

The current EDRY Sharpe Ratio is 3.14, which is comparable to the LPG Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of EDRY and LPG, 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

	EDRY	LPG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.14	2.67	+0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	1.06	-1.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.30	-0.11

Drawdowns

EDRY vs. LPG - Drawdown Comparison

The maximum EDRY drawdown since its inception was -81.33%, roughly equal to the maximum LPG drawdown of -78.31%. Use the drawdown chart below to compare losses from any high point for EDRY and LPG.

Drawdown Indicators

	EDRY	LPG	Difference
Max Drawdown Largest peak-to-trough decline	-81.33%	-78.31%	-3.02%
Max Drawdown (1Y) Largest decline over 1 year	-21.81%	-24.99%	+3.18%
Max Drawdown (3Y) Largest decline over 3 years	-67.77%	-62.89%	-4.88%
Max Drawdown (5Y) Largest decline over 5 years	-81.33%	-62.89%	-18.44%
Max Drawdown (10Y) Largest decline over 10 years	—	-62.89%	—
Current Drawdown Current decline from peak	-47.27%	-14.56%	-32.71%
Average Drawdown Average peak-to-trough decline	-49.61%	-42.77%	-6.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.81%	11.51%	-4.70%

Volatility

EDRY vs. LPG - Volatility Comparison

The current volatility for EuroDry Ltd. (EDRY) is 15.76%, while Dorian LPG Ltd. (LPG) has a volatility of 16.61%. This indicates that EDRY experiences smaller price fluctuations and is considered to be less risky than LPG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDRY	LPG	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.76%	16.61%	-0.85%
Volatility (6M) Calculated over the trailing 6-month period	46.34%	30.16%	+16.18%
Volatility (1Y) Calculated over the trailing 1-year period	56.61%	39.59%	+17.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.39%	43.40%	+12.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.59%	48.33%	+27.26%

Dividends

EDRY vs. LPG - Dividend Comparison

EDRY has not paid dividends to shareholders, while LPG's dividend yield for the trailing twelve months is around 7.24%.

Position	TTM	2025	2024	2023	2022	2021
EDRY EuroDry Ltd.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LPG Dorian LPG Ltd.	7.24%	10.07%	16.41%	9.12%	29.02%	7.88%

Financials

Frequently Asked Questions

Can I hold both EDRY and LPG in my portfolio?

EDRY and LPG have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDRY or LPG?

LPG has higher volatility (16.61%) compared to EDRY (15.76%). In terms of maximum drawdown, EDRY dropped -81.33% vs LPG's -78.31%.

Which has better risk-adjusted returns?

EDRY currently has the higher Sharpe Ratio (3.14 vs 2.67), 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.