GSL vs. LPG
GSL (Global Ship Lease, Inc.) and LPG (Dorian LPG Ltd.) are both stocks. GSL operates in Marine Shipping (Industrials), while LPG operates in Oil & Gas Midstream (Energy). Over the past 10 years, GSL returned 18.22%/yr vs 29.54%/yr for LPG. At a 0.31 correlation, their price movements are largely independent.
Performance
GSL vs. LPG - Performance Comparison
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Returns By Period
In the year-to-date period, GSL achieves a 14.96% return, which is significantly lower than LPG's 74.77% return. Over the past 10 years, GSL has underperformed LPG with an annualized return of 18.22%, while LPG has yielded a comparatively higher 29.54% annualized return.
GSL
- 1D
- 1.88%
- 1M
- 2.68%
- YTD
- 14.96%
- 6M
- 16.76%
- 1Y
- 62.79%
- 3Y*
- 37.22%
- 5Y*
- 21.44%
- 10Y*
- 18.22%
LPG
- 1D
- 1.53%
- 1M
- -12.61%
- YTD
- 74.77%
- 6M
- 77.39%
- 1Y
- 78.27%
- 3Y*
- 32.37%
- 5Y*
- 44.64%
- 10Y*
- 29.54%
GSL vs. LPG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSL Global Ship Lease, Inc. | 14.96% | 73.47% | 18.09% | 28.97% | -22.16% | 100.35% | 34.65% | 78.02% | -46.55% | -22.67% |
LPG Dorian LPG Ltd. | 74.77% | 9.75% | -37.80% | 171.42% | 109.62% | 12.71% | -21.25% | 165.52% | -29.08% | 0.12% |
Correlation
The correlation between GSL and LPG is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since May 8, 2014 | 0.31 |
Over the past year, GSL and LPG have become more correlated (0.54) than their long-term average of 0.31, meaning their price movements have been converging.
Fundamentals
GSL:
$1.43B
LPG:
$1.73B
GSL:
$10.76
LPG:
$4.54
GSL:
3.63
LPG:
8.94
GSL:
0.13
LPG:
0.14
GSL:
1.82
LPG:
3.60
GSL:
0.76
LPG:
1.52
GSL:
$770.24M
LPG:
$481.51M
GSL:
$409.23M
LPG:
$415.02M
GSL:
$528.32M
LPG:
$279.22M
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Return for Risk
GSL vs. LPG — Risk / Return Rank
GSL
LPG
GSL vs. LPG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global Ship Lease, Inc. (GSL) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GSL | LPG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.32 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 3.15 | +0.54 |
| Martin ratioReturn relative to average drawdown | 10.96 | 6.63 | +4.33 |
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Drawdowns
GSL vs. LPG - Drawdown Comparison
The maximum GSL drawdown since its inception was -95.26%, which is greater than LPG's maximum drawdown of -78.31%. Use the drawdown chart below to compare losses from any high point for GSL and LPG.
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Drawdown Indicators
| GSL | LPG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.26% | -78.31% | -16.95% |
Max Drawdown (1Y)Largest decline over 1 year | -17.09% | -24.99% | +7.90% |
Max Drawdown (3Y)Largest decline over 3 years | -35.82% | -62.89% | +27.07% |
Max Drawdown (5Y)Largest decline over 5 years | -47.50% | -62.89% | +15.39% |
Max Drawdown (10Y)Largest decline over 10 years | -86.50% | -62.89% | -23.61% |
Current DrawdownCurrent decline from peak | -6.25% | -14.92% | +8.67% |
Average DrawdownAverage peak-to-trough decline | -58.64% | -42.62% | -16.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 11.85% | -6.10% |
Volatility
GSL vs. LPG - Volatility Comparison
The current volatility for Global Ship Lease, Inc. (GSL) is 9.92%, while Dorian LPG Ltd. (LPG) has a volatility of 12.41%. This indicates that GSL 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.
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Volatility by Period
| GSL | LPG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.92% | 12.41% | -2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 20.63% | 31.44% | -10.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.85% | 40.03% | -12.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.92% | 43.51% | -6.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.58% | 48.27% | +6.31% |
Dividends
GSL vs. LPG - Dividend Comparison
GSL's dividend yield for the trailing twelve months is around 6.15%, less than LPG's 7.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSL Global Ship Lease, Inc. | 6.15% | 6.06% | 7.56% | 7.57% | 8.26% | 3.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 7.69% |
LPG Dorian LPG Ltd. | 7.27% | 10.07% | 16.41% | 9.12% | 29.02% | 7.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
GSL vs. LPG - Financials Comparison
This section allows you to compare key financial metrics between Global Ship Lease, Inc. and Dorian LPG Ltd.. 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
Frequently Asked Questions
GSL and LPG have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LPG has higher volatility (12.41%) compared to GSL (9.92%). In terms of maximum drawdown, GSL dropped -95.26% vs LPG's -78.31%.
GSL currently has the higher Sharpe Ratio (2.27 vs 1.97), 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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