LPG vs. GSL
LPG (Dorian LPG Ltd.) and GSL (Global Ship Lease, Inc.) are both stocks. LPG operates in Oil & Gas Midstream (Energy), while GSL operates in Marine Shipping (Industrials). Over the past 10 years, LPG returned 34.31%/yr vs 18.46%/yr for GSL. Their 0.31 correlation means their historical movements had little consistent relationship.
Performance
LPG vs. GSL - Performance Comparison
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Returns By Period
In the year-to-date period, LPG achieves a 108.73% return, which is significantly higher than GSL's 30.57% return. Over the past 10 years, LPG has outperformed GSL with an annualized return of 34.31%, while GSL has yielded a comparatively lower 18.46% annualized return.
LPG
- 1D
- 2.55%
- 1M
- 34.66%
- 6M
- 72.05%
- YTD
- 108.73%
- 1Y
- 96.16%
- 3Y*
- 31.35%
- 5Y*
- 55.89%
- 10Y*
- 34.31%
- ALL TIME*
- 15.56%
GSL
- 1D
- -0.29%
- 1M
- 16.35%
- 6M
- 21.87%
- YTD
- 30.57%
- 1Y
- 68.00%
- 3Y*
- 37.32%
- 5Y*
- 29.48%
- 10Y*
- 18.46%
- ALL TIME*
- 1.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.84M | $11.45M | $12.93M | |
| $28.67M | $26.94M | $29.30M |
LPG vs. GSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LPG Dorian LPG Ltd. | 108.73% | 9.75% | -37.80% | 171.42% | 109.62% | 12.71% | -21.25% | 165.52% | -29.08% | 0.12% |
GSL Global Ship Lease, Inc. | 30.57% | 73.47% | 18.09% | 28.97% | -22.16% | 100.35% | 34.65% | 78.02% | -46.55% | -22.67% |
Correlation
The correlation between LPG and GSL is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.33 |
Correlation (All Time) Calculated using the full available price history since May 8, 2014 | 0.31 |
Over the past year, LPG and GSL have become more correlated (0.54) than their long-term average of 0.31, meaning their price movements have been converging.
Fundamentals
LPG:
$2.03B
GSL:
$1.59B
LPG:
$4.54
GSL:
$10.72
LPG:
10.43
GSL:
4.13
LPG:
0.16
GSL:
0.15
LPG:
4.20
GSL:
2.08
LPG:
1.77
GSL:
0.87
LPG:
$481.51M
GSL:
$770.24M
LPG:
$415.02M
GSL:
$409.23M
LPG:
$279.22M
GSL:
$528.32M
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Return for Risk
LPG vs. GSL — Risk / Return Rank
LPG
GSL
LPG vs. GSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dorian LPG Ltd. (LPG) and Global Ship Lease, Inc. (GSL). 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.
| LPG | GSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.38 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 3.90 | -0.77 |
| Martin ratioReturn relative to average drawdown | 6.56 | 11.13 | -4.58 |
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Drawdowns
LPG vs. GSL - Drawdown Comparison
The maximum LPG drawdown since its inception was -78.31%, smaller than the maximum GSL drawdown of -95.26%. Use the drawdown chart below to compare losses from any high point for LPG and GSL.
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Drawdown Indicators
| LPG | GSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.31% | -95.26% | +16.95% |
Max Drawdown (1Y)Largest decline over 1 year | -27.12% | -17.09% | -10.03% |
Max Drawdown (3Y)Largest decline over 3 years | -62.89% | -35.82% | -27.07% |
Max Drawdown (5Y)Largest decline over 5 years | -62.89% | -47.50% | -15.39% |
Max Drawdown (10Y)Largest decline over 10 years | -62.89% | -86.50% | +23.61% |
Current DrawdownCurrent decline from peak | 0.00% | -0.29% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -42.37% | -58.31% | +15.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.93% | 5.98% | +6.95% |
Volatility
LPG vs. GSL - Volatility Comparison
Dorian LPG Ltd. (LPG) has a higher volatility of 11.62% compared to Global Ship Lease, Inc. (GSL) at 7.10%. This indicates that LPG's price experiences larger fluctuations and is considered to be riskier than GSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LPG | GSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.62% | 7.10% | +4.52% |
Volatility (6M)Calculated over the trailing 6-month period | 33.12% | 20.96% | +12.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.42% | 28.24% | +13.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.64% | 36.25% | +7.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.20% | 53.94% | -5.74% |
Dividends
LPG vs. GSL - Dividend Comparison
LPG's dividend yield for the trailing twelve months is around 8.33%, more than GSL's 5.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSL Global Ship Lease, Inc. | 5.41% | 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. | 8.33% | 10.07% | 16.41% | 9.12% | 29.02% | 7.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
LPG vs. GSL - Financials Comparison
This section allows you to compare key financial metrics between Dorian LPG Ltd. and Global Ship Lease, 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
Frequently Asked Questions
LPG and GSL 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 (11.62%) compared to GSL (7.10%). In terms of maximum drawdown, LPG dropped -78.31% vs GSL's -95.26%.
GSL currently has the higher Sharpe Ratio (2.36 vs 2.06), 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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