LPG vs. HG

Last updated Jun 13, 2026

LPG (Dorian LPG Ltd.) and HG (Hamilton Insurance Group Ltd.) are both stocks. LPG operates in Oil & Gas Midstream (Energy), while HG operates in Insurance - Reinsurance (Financial Services). Over the past year, LPG returned 108.89% vs 59.59% for HG. At a 0.04 correlation, their price movements are largely independent.

Performance

LPG vs. HG - Performance Comparison

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

Returns By Period

In the year-to-date period, LPG achieves a 94.53% return, which is significantly higher than HG's 22.35% return.

LPG

• 1D: 3.79%
• 1M: 14.01%
• YTD: 94.53%
• 6M: 93.10%
• 1Y: 108.89%
• 3Y*: 37.14%
• 5Y*: 47.82%
• 10Y*: 29.41%

HG

• 1D: -0.03%
• 1M: 5.38%
• YTD: 22.35%
• 6M: 21.31%
• 1Y: 59.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LPG vs. HG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LPG Dorian LPG Ltd.	94.53%	9.75%	-37.80%	24.00%
HG Hamilton Insurance Group Ltd.	22.35%	46.61%	27.29%	-1.97%

Correlation

The correlation between LPG and HG is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (All Time) Calculated using the full available price history since Nov 10, 2023	0.04

Fundamentals

EPS LPG : $4.54 HG : $8.27
PE Ratio LPG : 9.95 HG : 3.86
PEG Ratio LPG : 0.15 HG : 0.07
PS Ratio LPG : 4.00 HG : 0.84
Total Revenue (TTM) LPG : $481.51M HG : $2.90B
Gross Profit (TTM) LPG : $415.02M HG : $1.76B
EBITDA (TTM) LPG : $279.22M HG : $1.36B

Return for Risk

LPG vs. HG — Risk / Return Rank

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

LPG

LPG Risk / Return Rank: 91
LPG Sharpe Ratio Rank: 95
LPG Sortino Ratio Rank: 92
LPG Omega Ratio Rank: 91
LPG Calmar Ratio Rank: 91
LPG Martin Ratio Rank: 87

HG

HG Risk / Return Rank: 91
HG Sharpe Ratio Rank: 91
HG Sortino Ratio Rank: 90
HG Omega Ratio Rank: 87
HG Calmar Ratio Rank: 92
HG Martin Ratio Rank: 94

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.

LPG vs. HG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dorian LPG Ltd. (LPG) and Hamilton Insurance Group Ltd. (HG). 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	HG	Difference
Sharpe ratio: Return per unit of total volatility	2.76	2.15	+0.60
Sortino ratio: Return per unit of downside risk	3.35	2.99	+0.36
Omega ratio: Gain probability vs. loss probability	1.42	1.36	+0.06
Calmar ratio: Return relative to maximum drawdown	4.38	4.72	-0.34
Martin ratio: Return relative to average drawdown	9.39	16.71	-7.32

LPG vs. HG - Sharpe Ratio Comparison

The current LPG Sharpe Ratio is 2.76, which is comparable to the HG Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of LPG and HG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LPG vs. HG - Drawdown Comparison

The maximum LPG drawdown since its inception was -78.31%, which is greater than HG's maximum drawdown of -21.07%. Use the drawdown chart below to compare losses from any high point for LPG and HG.

Drawdown Indicators

	LPG	HG	Difference
Max Drawdown Largest peak-to-trough decline	-78.31%	-21.07%	-57.24%
Max Drawdown (1Y) Largest decline over 1 year	-24.99%	-12.69%	-12.30%
Max Drawdown (3Y) Largest decline over 3 years	-62.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-62.89%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-62.89%	—	—
Current Drawdown Current decline from peak	-5.30%	-2.71%	-2.59%
Average Drawdown Average peak-to-trough decline	-42.68%	-5.42%	-37.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.64%	3.58%	+8.06%

Volatility

LPG vs. HG - Volatility Comparison

Dorian LPG Ltd. (LPG) has a higher volatility of 17.04% compared to Hamilton Insurance Group Ltd. (HG) at 8.69%. This indicates that LPG's price experiences larger fluctuations and is considered to be riskier than HG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LPG	HG	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.04%	8.69%	+8.35%
Volatility (6M) Calculated over the trailing 6-month period	30.44%	18.52%	+11.92%
Volatility (1Y) Calculated over the trailing 1-year period	39.81%	27.89%	+11.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.43%	31.39%	+12.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.29%	31.39%	+16.90%

Dividends

LPG vs. HG - Dividend Comparison

LPG's dividend yield for the trailing twelve months is around 6.53%, more than HG's 6.27% yield.

Position	TTM	2025	2024	2023	2022	2021
HG Hamilton Insurance Group Ltd.	6.27%	0.00%	0.00%	0.00%	0.00%	0.00%
LPG Dorian LPG Ltd.	6.53%	10.07%	16.41%	9.12%	29.02%	7.88%

Financials

Frequently Asked Questions

Can I hold both LPG and HG in my portfolio?

LPG and HG have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LPG or HG?

LPG has higher volatility (17.04%) compared to HG (8.69%). In terms of maximum drawdown, LPG dropped -78.31% vs HG's -21.07%.

Which has better risk-adjusted returns?

LPG currently has the higher Sharpe Ratio (2.76 vs 2.15), 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.