KNOP vs. GASS
KNOP (KNOT Offshore Partners LP) and GASS (StealthGas Inc.) are both stocks. Both operate in the Marine Shipping industry within the Industrials sector. Over the past 10 years, KNOP returned 2.38%/yr vs 11.94%/yr for GASS. At a 0.25 correlation, their price movements are largely independent.
Performance
KNOP vs. GASS - Performance Comparison
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Returns By Period
In the year-to-date period, KNOP achieves a 1.11% return, which is significantly lower than GASS's 20.37% return. Over the past 10 years, KNOP has underperformed GASS with an annualized return of 2.38%, while GASS has yielded a comparatively higher 11.94% annualized return.
KNOP
- 1D
- 1.27%
- 1M
- -9.34%
- YTD
- 1.11%
- 6M
- -0.14%
- 1Y
- 58.65%
- 3Y*
- 28.35%
- 5Y*
- -8.08%
- 10Y*
- 2.38%
GASS
- 1D
- 1.93%
- 1M
- -14.82%
- YTD
- 20.37%
- 6M
- 25.19%
- 1Y
- 28.22%
- 3Y*
- 30.07%
- 5Y*
- 34.14%
- 10Y*
- 11.94%
KNOP vs. GASS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KNOP KNOT Offshore Partners LP | 1.11% | 92.80% | -3.71% | -39.03% | -18.18% | -0.92% | -12.78% | 22.90% | -4.60% | -3.78% |
GASS StealthGas Inc. | 20.37% | 24.25% | -12.54% | 141.04% | 27.01% | 34.27% | -31.49% | 24.28% | -36.70% | 28.99% |
Correlation
The correlation between KNOP and GASS is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2013 | 0.25 |
Fundamentals
KNOP:
$352.35M
GASS:
$308.07M
KNOP:
$0.54
GASS:
$1.73
KNOP:
19.31
GASS:
4.89
KNOP:
0.60
GASS:
0.07
KNOP:
0.95
GASS:
1.75
KNOP:
0.67
GASS:
0.44
KNOP:
$372.42M
GASS:
$173.98M
KNOP:
$104.27M
GASS:
$66.19M
KNOP:
$227.94M
GASS:
$81.20M
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Return for Risk
KNOP vs. GASS — Risk / Return Rank
KNOP
GASS
KNOP vs. GASS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KNOT Offshore Partners LP (KNOP) and StealthGas Inc. (GASS). 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.
| KNOP | GASS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.16 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 1.37 | +2.20 |
| Martin ratioReturn relative to average drawdown | 11.48 | 2.88 | +8.60 |
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Drawdowns
KNOP vs. GASS - Drawdown Comparison
The maximum KNOP drawdown since its inception was -74.53%, smaller than the maximum GASS drawdown of -89.82%. Use the drawdown chart below to compare losses from any high point for KNOP and GASS.
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Drawdown Indicators
| KNOP | GASS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.53% | -89.82% | +15.29% |
Max Drawdown (1Y)Largest decline over 1 year | -16.51% | -20.76% | +4.25% |
Max Drawdown (3Y)Largest decline over 3 years | -38.64% | -44.34% | +5.70% |
Max Drawdown (5Y)Largest decline over 5 years | -74.53% | -44.34% | -30.19% |
Max Drawdown (10Y)Largest decline over 10 years | -74.53% | -63.11% | -11.42% |
Current DrawdownCurrent decline from peak | -36.28% | -25.65% | -10.63% |
Average DrawdownAverage peak-to-trough decline | -25.34% | -57.85% | +32.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.12% | 9.82% | -4.70% |
Volatility
KNOP vs. GASS - Volatility Comparison
The current volatility for KNOT Offshore Partners LP (KNOP) is 6.00%, while StealthGas Inc. (GASS) has a volatility of 12.46%. This indicates that KNOP experiences smaller price fluctuations and is considered to be less risky than GASS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KNOP | GASS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 12.46% | -6.46% |
Volatility (6M)Calculated over the trailing 6-month period | 23.28% | 26.36% | -3.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.00% | 32.57% | +4.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.62% | 49.51% | -5.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.17% | 47.53% | -9.36% |
Dividends
KNOP vs. GASS - Dividend Comparison
KNOP's dividend yield for the trailing twelve months is around 1.23%, while GASS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GASS StealthGas Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 44.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KNOP KNOT Offshore Partners LP | 1.23% | 1.00% | 1.91% | 1.81% | 21.60% | 15.57% | 13.81% | 10.50% | 11.60% | 10.02% | 8.81% | 15.05% |
Financials
KNOP vs. GASS - Financials Comparison
This section allows you to compare key financial metrics between KNOT Offshore Partners LP and StealthGas 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
KNOP vs. GASS - Profitability Comparison
KNOP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, KNOT Offshore Partners LP reported a gross profit of 17.20M and revenue of 92.01M. Therefore, the gross margin over that period was 18.7%.
GASS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, StealthGas Inc. reported a gross profit of 14.69M and revenue of 42.84M. Therefore, the gross margin over that period was 34.3%.
KNOP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, KNOT Offshore Partners LP reported an operating income of 14.70M and revenue of 92.01M, resulting in an operating margin of 16.0%.
GASS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, StealthGas Inc. reported an operating income of 11.63M and revenue of 42.84M, resulting in an operating margin of 27.1%.
KNOP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, KNOT Offshore Partners LP reported a net income of 2.63M and revenue of 92.01M, resulting in a net margin of 2.9%.
GASS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, StealthGas Inc. reported a net income of 15.93M and revenue of 42.84M, resulting in a net margin of 37.2%.
Frequently Asked Questions
KNOP and GASS have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GASS has higher volatility (12.46%) compared to KNOP (6.00%). In terms of maximum drawdown, KNOP dropped -74.53% vs GASS's -89.82%.
KNOP currently has the higher Sharpe Ratio (1.60 vs 0.87), 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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