NMM vs. GSL
NMM (Navios Maritime Partners L.P.) and GSL (Global Ship Lease, Inc.) are both stocks. Both operate in the Marine Shipping industry within the Industrials sector. Over the past 10 years, NMM returned 15.84%/yr vs 16.26%/yr for GSL. At a 0.35 correlation, their price movements are largely independent.
Performance
NMM vs. GSL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NMM achieves a 36.42% return, which is significantly higher than GSL's 10.52% return. Both investments have delivered pretty close results over the past 10 years, with NMM having a 15.84% annualized return and GSL not far ahead at 16.26%.
NMM
- 1D
- -0.93%
- 1M
- 0.40%
- YTD
- 36.42%
- 6M
- 28.16%
- 1Y
- 81.15%
- 3Y*
- 52.65%
- 5Y*
- 23.25%
- 10Y*
- 15.84%
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%
NMM vs. GSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NMM Navios Maritime Partners L.P. | 36.42% | 21.68% | 55.59% | 8.61% | 4.18% | 125.91% | -34.68% | 57.42% | -62.79% | 67.38% |
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% |
Correlation
The correlation between NMM and GSL is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2008 | 0.35 |
Over the past year, NMM and GSL have become more correlated (0.63) than their long-term average of 0.35, meaning their price movements have been converging.
Fundamentals
NMM:
$2.09B
GSL:
$1.37B
NMM:
$11.86
GSL:
$10.76
NMM:
6.02
GSL:
3.49
NMM:
1.50
GSL:
1.75
NMM:
0.61
GSL:
0.73
NMM:
$1.40B
GSL:
$770.24M
NMM:
$919.38M
GSL:
$409.23M
NMM:
$708.29M
GSL:
$528.32M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NMM vs. GSL — Risk / Return Rank
NMM
GSL
NMM vs. GSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Navios Maritime Partners L.P. (NMM) 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.
| NMM | GSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.35 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.36 | 3.52 | +0.84 |
| Martin ratioReturn relative to average drawdown | 15.38 | 10.92 | +4.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| NMM | GSL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.51 | 2.17 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.74 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.30 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.01 | -0.03 |
Drawdowns
NMM vs. GSL - Drawdown Comparison
The maximum NMM drawdown since its inception was -98.13%, roughly equal to the maximum GSL drawdown of -95.26%. Use the drawdown chart below to compare losses from any high point for NMM and GSL.
Loading charts...
Drawdown Indicators
| NMM | GSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.13% | -95.26% | -2.87% |
Max Drawdown (1Y)Largest decline over 1 year | -18.69% | -17.09% | -1.60% |
Max Drawdown (3Y)Largest decline over 3 years | -53.75% | -35.82% | -17.93% |
Max Drawdown (5Y)Largest decline over 5 years | -53.75% | -47.50% | -6.25% |
Max Drawdown (10Y)Largest decline over 10 years | -87.93% | -86.50% | -1.43% |
Current DrawdownCurrent decline from peak | -64.82% | -9.88% | -54.94% |
Average DrawdownAverage peak-to-trough decline | -58.83% | -58.80% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.30% | 5.50% | -0.20% |
Volatility
NMM vs. GSL - Volatility Comparison
Navios Maritime Partners L.P. (NMM) has a higher volatility of 13.31% compared to Global Ship Lease, Inc. (GSL) at 10.31%. This indicates that NMM'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.
Loading charts...
Volatility by Period
| NMM | GSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.31% | 10.31% | +3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 25.68% | 20.62% | +5.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.53% | 27.66% | +4.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.31% | 37.51% | +4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.90% | 54.83% | +0.07% |
Dividends
NMM vs. GSL - Dividend Comparison
NMM's dividend yield for the trailing twelve months is around 0.29%, less than GSL's 6.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NMM Navios Maritime Partners L.P. | 0.29% | 0.38% | 0.46% | 0.72% | 0.77% | 0.80% | 6.25% | 6.44% | 7.06% | 0.00% | 0.00% | 50.99% |
Financials
NMM vs. GSL - Financials Comparison
This section allows you to compare key financial metrics between Navios Maritime Partners L.P. 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
NMM vs. GSL - Profitability Comparison
NMM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Navios Maritime Partners L.P. reported a gross profit of 244.43M and revenue of 357.01M. Therefore, the gross margin over that period was 68.5%.
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%.
NMM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Navios Maritime Partners L.P. reported an operating income of 125.60M and revenue of 357.01M, resulting in an operating margin of 35.2%.
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%.
NMM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Navios Maritime Partners L.P. reported a net income of 106.34M and revenue of 357.01M, resulting in a net margin of 29.8%.
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%.
Frequently Asked Questions
NMM and GSL have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NMM has higher volatility (13.31%) compared to GSL (10.31%). In terms of maximum drawdown, NMM dropped -98.13% vs GSL's -95.26%.
NMM currently has the higher Sharpe Ratio (2.51 vs 2.17), 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.
Find the right allocation for NMM and GSL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer