GBTG vs. INSW

Last updated Jun 4, 2026

GBTG (Global Business Travel Group Inc) and INSW (International Seaways, Inc.) are both stocks. GBTG operates in Software - Application (Technology), while INSW operates in Oil & Gas Midstream (Energy). Over the past 5 years, GBTG returned -0.91%/yr vs 44.87%/yr for INSW. At a 0.05 correlation, their price movements are largely independent.

Performance

GBTG vs. INSW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global Business Travel Group Inc (GBTG) and International Seaways, Inc. (INSW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GBTG achieves a 22.48% return, which is significantly lower than INSW's 65.57% return.

GBTG

• 1D: 0.00%
• 1M: 0.32%
• YTD: 22.48%
• 6M: 17.12%
• 1Y: 46.41%
• 3Y*: 6.85%
• 5Y*: -0.91%
• 10Y*: —

INSW

• 1D: -0.71%
• 1M: -8.15%
• YTD: 65.57%
• 6M: 56.10%
• 1Y: 127.10%
• 3Y*: 42.07%
• 5Y*: 44.87%
• 10Y*: —

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

GBTG vs. INSW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GBTG Global Business Travel Group Inc	22.48%	-17.56%	43.88%	-4.44%	-31.61%	-5.19%	7.88%
INSW International Seaways, Inc.	65.57%	44.97%	-10.85%	42.93%	162.53%	-2.93%	-7.49%

Correlation

The correlation between GBTG and INSW is 0.02, 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	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (All Time) Calculated using the full available price history since Nov 24, 2020	0.05

Fundamentals

Market Cap GBTG : $4.87B INSW : $3.88B
EPS GBTG : $0.17 INSW : $11.01
PE Ratio GBTG : 54.58 INSW : 7.08
PEG Ratio GBTG : 0.21 INSW : 1.12
PS Ratio GBTG : 1.60 INSW : 5.72
PB Ratio GBTG : 3.02 INSW : 1.77
Total Revenue (TTM) GBTG : $2.94B INSW : $675.87M
Gross Profit (TTM) GBTG : $1.73B INSW : $274.33M
EBITDA (TTM) GBTG : $403.00M INSW : $525.75M

Return for Risk

GBTG vs. INSW — Risk / Return Rank

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

GBTG

GBTG Risk / Return Rank: 69
GBTG Sharpe Ratio Rank: 63
GBTG Sortino Ratio Rank: 77
GBTG Omega Ratio Rank: 75
GBTG Calmar Ratio Rank: 64
GBTG Martin Ratio Rank: 65

INSW

INSW Risk / Return Rank: 95
INSW Sharpe Ratio Rank: 96
INSW Sortino Ratio Rank: 95
INSW Omega Ratio Rank: 91
INSW Calmar Ratio Rank: 96
INSW Martin Ratio Rank: 96

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.

GBTG vs. INSW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global Business Travel Group Inc (GBTG) and International Seaways, Inc. (INSW). 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.

	GBTG	INSW	Difference
Sharpe ratio Return per unit of total volatility	0.67	3.49	-2.82
Sortino ratio Return per unit of downside risk	2.08	4.22	-2.14
Omega ratio Gain probability vs. loss probability	1.26	1.48	-0.21
Calmar ratio Return relative to maximum drawdown	1.15	7.91	-6.76
Martin ratio Return relative to average drawdown	2.70	23.47	-20.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GBTG vs. INSW - Sharpe Ratio Comparison

The current GBTG Sharpe Ratio is 0.67, which is lower than the INSW Sharpe Ratio of 3.49. The chart below compares the historical Sharpe Ratios of GBTG and INSW, 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

	GBTG	INSW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	3.49	-2.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	1.10	-1.12
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.61	-0.62

Drawdowns

GBTG vs. INSW - Drawdown Comparison

The maximum GBTG drawdown since its inception was -60.07%, roughly equal to the maximum INSW drawdown of -57.49%. Use the drawdown chart below to compare losses from any high point for GBTG and INSW.

Drawdown Indicators

	GBTG	INSW	Difference
Max Drawdown Largest peak-to-trough decline	-60.07%	-57.49%	-2.58%
Max Drawdown (1Y) Largest decline over 1 year	-40.41%	-16.16%	-24.25%
Max Drawdown (3Y) Largest decline over 3 years	-48.01%	-50.40%	+2.39%
Max Drawdown (5Y) Largest decline over 5 years	-56.00%	-50.40%	-5.60%
Current Drawdown Current decline from peak	-14.97%	-14.90%	-0.07%
Average Drawdown Average peak-to-trough decline	-30.16%	-20.91%	-9.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.26%	5.44%	+11.82%

Volatility

GBTG vs. INSW - Volatility Comparison

The current volatility for Global Business Travel Group Inc (GBTG) is 2.94%, while International Seaways, Inc. (INSW) has a volatility of 11.74%. This indicates that GBTG experiences smaller price fluctuations and is considered to be less risky than INSW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GBTG	INSW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	11.74%	-8.80%
Volatility (6M) Calculated over the trailing 6-month period	54.50%	27.72%	+26.78%
Volatility (1Y) Calculated over the trailing 1-year period	69.82%	36.61%	+33.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.42%	41.01%	+8.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.26%	45.21%	+2.05%

Dividends

GBTG vs. INSW - Dividend Comparison

GBTG has not paid dividends to shareholders, while INSW's dividend yield for the trailing twelve months is around 5.62%.

Position	TTM	2025	2024	2023	2022	2021	2020
GBTG Global Business Travel Group Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
INSW International Seaways, Inc.	5.62%	6.04%	16.05%	13.83%	3.84%	9.26%	1.47%

Financials

Frequently Asked Questions

Can I hold both GBTG and INSW in my portfolio?

GBTG and INSW have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GBTG or INSW?

INSW has higher volatility (11.74%) compared to GBTG (2.94%). In terms of maximum drawdown, GBTG dropped -60.07% vs INSW's -57.49%.

Which has better risk-adjusted returns?

INSW currently has the higher Sharpe Ratio (3.49 vs 0.67), 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.