GSL vs. DHT
GSL (Global Ship Lease, Inc.) and DHT (DHT Holdings, Inc.) are both stocks. GSL operates in Marine Shipping (Industrials), while DHT operates in Oil & Gas Midstream (Energy). Over the past 10 years, GSL returned 16.26%/yr vs 19.90%/yr for DHT. At a 0.27 correlation, their price movements are largely independent.
Performance
GSL vs. DHT - Performance Comparison
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Returns By Period
In the year-to-date period, GSL achieves a 10.52% return, which is significantly lower than DHT's 42.60% return. Over the past 10 years, GSL has underperformed DHT with an annualized return of 16.26%, while DHT has yielded a comparatively higher 19.90% annualized return.
GSL
- 1D
- -0.11%
- 1M
- -4.12%
- YTD
- 10.52%
- 6M
- 7.33%
- 1Y
- 59.86%
- 3Y*
- 36.68%
- 5Y*
- 27.62%
- 10Y*
- 16.26%
DHT
- 1D
- -0.43%
- 1M
- -8.64%
- YTD
- 42.60%
- 6M
- 34.76%
- 1Y
- 57.65%
- 3Y*
- 38.21%
- 5Y*
- 30.54%
- 10Y*
- 19.90%
GSL vs. DHT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSL Global Ship Lease, Inc. | 10.52% | 73.47% | 18.09% | 28.97% | -22.16% | 100.35% | 34.65% | 78.02% | -46.55% | -22.67% |
DHT DHT Holdings, Inc. | 42.60% | 40.04% | 3.58% | 24.07% | 73.87% | 1.41% | -20.52% | 118.96% | 11.32% | -9.26% |
Correlation
The correlation between GSL and DHT is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
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 18, 2008 | 0.27 |
Over the past year, GSL and DHT have become more correlated (0.49) than their long-term average of 0.27, meaning their price movements have been converging.
Fundamentals
GSL:
$1.37B
DHT:
$2.64B
GSL:
$10.76
DHT:
$2.06
GSL:
3.49
DHT:
7.96
GSL:
0.13
DHT:
0.27
GSL:
1.75
DHT:
4.66
GSL:
0.73
DHT:
2.14
GSL:
$770.24M
DHT:
$566.07M
GSL:
$409.23M
DHT:
$268.69M
GSL:
$528.32M
DHT:
$450.13M
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Return for Risk
GSL vs. DHT — Risk / Return Rank
GSL
DHT
GSL vs. DHT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global Ship Lease, Inc. (GSL) and DHT Holdings, Inc. (DHT). 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.
| GSL | DHT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.28 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 3.81 | -0.29 |
| Martin ratioReturn relative to average drawdown | 10.92 | 8.15 | +2.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GSL | DHT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 1.72 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.80 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.48 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | -0.05 | +0.06 |
Drawdowns
GSL vs. DHT - Drawdown Comparison
The maximum GSL drawdown since its inception was -95.26%, roughly equal to the maximum DHT drawdown of -97.12%. Use the drawdown chart below to compare losses from any high point for GSL and DHT.
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Drawdown Indicators
| GSL | DHT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.26% | -97.12% | +1.86% |
Max Drawdown (1Y)Largest decline over 1 year | -17.09% | -15.22% | -1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -35.82% | -24.96% | -10.86% |
Max Drawdown (5Y)Largest decline over 5 years | -47.50% | -34.44% | -13.06% |
Max Drawdown (10Y)Largest decline over 10 years | -86.50% | -39.56% | -46.94% |
Current DrawdownCurrent decline from peak | -9.88% | -67.08% | +57.20% |
Average DrawdownAverage peak-to-trough decline | -58.80% | -76.39% | +17.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 7.09% | -1.59% |
Volatility
GSL vs. DHT - Volatility Comparison
Global Ship Lease, Inc. (GSL) has a higher volatility of 10.31% compared to DHT Holdings, Inc. (DHT) at 9.39%. This indicates that GSL's price experiences larger fluctuations and is considered to be riskier than DHT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSL | DHT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.31% | 9.39% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 20.62% | 26.86% | -6.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.66% | 33.65% | -5.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.51% | 38.26% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.83% | 41.58% | +13.25% |
Dividends
GSL vs. DHT - Dividend Comparison
GSL's dividend yield for the trailing twelve months is around 6.39%, less than DHT's 8.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHT DHT Holdings, Inc. | 8.97% | 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. | 6.39% | 6.06% | 7.56% | 7.57% | 8.26% | 3.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 7.69% |
Financials
GSL vs. DHT - Financials Comparison
This section allows you to compare key financial metrics between Global Ship Lease, Inc. and DHT Holdings, 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
GSL vs. DHT - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
GSL and DHT have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSL has higher volatility (10.31%) compared to DHT (9.39%). In terms of maximum drawdown, GSL dropped -95.26% vs DHT's -97.12%.
GSL currently has the higher Sharpe Ratio (2.17 vs 1.72), 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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