GLNG vs. LPG

Last updated Jun 3, 2026

GLNG (Golar LNG Limited) and LPG (Dorian LPG Ltd.) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 10 years, GLNG returned 14.07%/yr vs 26.60%/yr for LPG. At a 0.44 correlation, their price movements are largely independent.

Performance

GLNG vs. LPG - Performance Comparison

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

Returns By Period

In the year-to-date period, GLNG achieves a 39.82% return, which is significantly lower than LPG's 76.06% return. Over the past 10 years, GLNG has underperformed LPG with an annualized return of 14.07%, while LPG has yielded a comparatively higher 26.60% annualized return.

GLNG

• 1D: 1.78%
• 1M: -7.09%
• YTD: 39.82%
• 6M: 39.26%
• 1Y: 27.06%
• 3Y*: 38.12%
• 5Y*: 34.76%
• 10Y*: 14.07%

LPG

• 1D: -0.99%
• 1M: 7.01%
• YTD: 76.06%
• 6M: 75.20%
• 1Y: 110.26%
• 3Y*: 32.86%
• 5Y*: 45.68%
• 10Y*: 26.60%

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

GLNG vs. LPG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLNG Golar LNG Limited	39.82%	-9.74%	90.78%	4.39%	83.94%	28.53%	-32.21%	-33.64%	-25.94%	31.03%
LPG Dorian LPG Ltd.	76.06%	9.75%	-37.80%	171.42%	109.62%	12.71%	-21.25%	165.52%	-29.08%	0.12%

Correlation

The correlation between GLNG and LPG is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since May 9, 2014	0.44

The correlation between GLNG and LPG shifts across timeframes, from 0.35 (1 year) to 0.47 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap GLNG : $6.38B LPG : $1.74B
EPS GLNG : $1.31 LPG : $4.54
PE Ratio GLNG : 39.25 LPG : 9.01
PEG Ratio GLNG : 1.26 LPG : 0.14
PS Ratio GLNG : 11.81 LPG : 3.62
PB Ratio GLNG : 3.34 LPG : 1.53
Total Revenue (TTM) GLNG : $468.57M LPG : $481.51M
Gross Profit (TTM) GLNG : $245.50M LPG : $415.02M
EBITDA (TTM) GLNG : $256.69M LPG : $279.22M

Return for Risk

GLNG vs. LPG — Risk / Return Rank

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

GLNG

GLNG Risk / Return Rank: 65
GLNG Sharpe Ratio Rank: 69
GLNG Sortino Ratio Rank: 64
GLNG Omega Ratio Rank: 61
GLNG Calmar Ratio Rank: 65
GLNG Martin Ratio Rank: 65

LPG

LPG Risk / Return Rank: 90
LPG Sharpe Ratio Rank: 93
LPG Sortino Ratio Rank: 91
LPG Omega Ratio Rank: 89
LPG Calmar Ratio Rank: 89
LPG Martin Ratio Rank: 86

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.

GLNG vs. LPG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Golar LNG Limited (GLNG) 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.

	GLNG	LPG	Difference
Sharpe ratio Return per unit of total volatility	0.93	2.80	-1.87
Sortino ratio Return per unit of downside risk	1.49	3.37	-1.89
Omega ratio Gain probability vs. loss probability	1.18	1.42	-0.24
Calmar ratio Return relative to maximum drawdown	1.31	4.37	-3.06
Martin ratio Return relative to average drawdown	2.88	9.52	-6.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLNG vs. LPG - Sharpe Ratio Comparison

The current GLNG Sharpe Ratio is 0.93, which is lower than the LPG Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of GLNG 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

	GLNG	LPG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	2.80	-1.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	1.06	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	0.55	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.30	-0.10

Drawdowns

GLNG vs. LPG - Drawdown Comparison

The maximum GLNG drawdown since its inception was -92.81%, which is greater than LPG's maximum drawdown of -78.31%. Use the drawdown chart below to compare losses from any high point for GLNG and LPG.

Drawdown Indicators

	GLNG	LPG	Difference
Max Drawdown Largest peak-to-trough decline	-92.81%	-78.31%	-14.50%
Max Drawdown (1Y) Largest decline over 1 year	-21.95%	-24.99%	+3.04%
Max Drawdown (3Y) Largest decline over 3 years	-29.41%	-62.89%	+33.48%
Max Drawdown (5Y) Largest decline over 5 years	-33.35%	-62.89%	+29.54%
Max Drawdown (10Y) Largest decline over 10 years	-86.29%	-62.89%	-23.40%
Current Drawdown Current decline from peak	-11.02%	-14.29%	+3.27%
Average Drawdown Average peak-to-trough decline	-43.80%	-42.78%	-1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.96%	11.47%	-1.51%

Volatility

GLNG vs. LPG - Volatility Comparison

The current volatility for Golar LNG Limited (GLNG) is 9.70%, while Dorian LPG Ltd. (LPG) has a volatility of 16.60%. This indicates that GLNG 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

	GLNG	LPG	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.70%	16.60%	-6.90%
Volatility (6M) Calculated over the trailing 6-month period	21.54%	30.17%	-8.63%
Volatility (1Y) Calculated over the trailing 1-year period	29.13%	39.60%	-10.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.31%	43.40%	-4.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.57%	48.34%	+5.23%

Dividends

GLNG vs. LPG - Dividend Comparison

GLNG's dividend yield for the trailing twelve months is around 2.43%, less than LPG's 7.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLNG Golar LNG Limited	2.43%	2.69%	2.36%	3.26%	0.00%	0.00%	0.00%	2.11%	1.72%	0.67%	0.87%	11.40%
LPG Dorian LPG Ltd.	7.21%	10.07%	16.41%	9.12%	29.02%	7.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both GLNG and LPG in my portfolio?

GLNG and LPG have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLNG or LPG?

LPG has higher volatility (16.60%) compared to GLNG (9.70%). In terms of maximum drawdown, GLNG dropped -92.81% vs LPG's -78.31%.

Which has better risk-adjusted returns?

LPG currently has the higher Sharpe Ratio (2.80 vs 0.93), 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.