NMM vs. GSL
Compare and contrast key facts about Navios Maritime Partners L.P. (NMM) and Global Ship Lease, Inc. (GSL).
Performance
NMM vs. GSL - Performance Comparison
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NMM vs. GSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NMM Navios Maritime Partners L.P. | 28.81% | 21.68% | 55.59% | 8.61% | 4.18% | 125.91% | -34.68% | 57.42% | -62.79% | 67.38% |
GSL Global Ship Lease, Inc. | 7.96% | 73.47% | 18.09% | 28.97% | -22.16% | 100.35% | 34.65% | 78.02% | -46.55% | -22.67% |
Fundamentals
NMM:
$1.98B
GSL:
$1.34B
NMM:
$9.69
GSL:
$11.65
NMM:
6.96
GSL:
3.20
NMM:
1.47
GSL:
1.75
NMM:
0.59
GSL:
0.74
NMM:
$1.34B
GSL:
$759.92M
NMM:
$772.61M
GSL:
$404.40M
NMM:
$747.45M
GSL:
$557.27M
Returns By Period
In the year-to-date period, NMM achieves a 28.81% return, which is significantly higher than GSL's 7.96% return. Over the past 10 years, NMM has underperformed GSL with an annualized return of 16.43%, while GSL has yielded a comparatively higher 19.22% annualized return.
NMM
- 1D
- 4.91%
- 1M
- -6.49%
- YTD
- 28.81%
- 6M
- 50.07%
- 1Y
- 72.80%
- 3Y*
- 41.71%
- 5Y*
- 24.24%
- 10Y*
- 16.43%
GSL
- 1D
- 3.53%
- 1M
- -9.37%
- YTD
- 7.96%
- 6M
- 25.54%
- 1Y
- 75.36%
- 3Y*
- 35.46%
- 5Y*
- 29.08%
- 10Y*
- 19.22%
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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 | 2.05 | 2.39 | -0.34 |
Sortino ratioReturn per unit of downside risk | 2.53 | 2.90 | -0.37 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.41 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.87 | 3.48 | -0.61 |
Martin ratioReturn relative to average drawdown | 10.13 | 11.97 | -1.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NMM | GSL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 2.39 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.77 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.34 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.01 | -0.04 |
Correlation
The correlation between NMM and GSL is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
NMM vs. GSL - Dividend Comparison
NMM's dividend yield for the trailing twelve months is around 0.30%, less than GSL's 6.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMM Navios Maritime Partners L.P. | 0.30% | 0.38% | 0.46% | 0.72% | 0.77% | 0.80% | 6.25% | 6.44% | 7.06% | 0.00% | 0.00% | 50.99% |
GSL Global Ship Lease, Inc. | 6.18% | 6.06% | 7.56% | 7.57% | 8.26% | 3.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 7.69% |
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.
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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 | -25.85% | -21.17% | -4.68% |
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 | -66.78% | -9.42% | -57.36% |
Average DrawdownAverage peak-to-trough decline | -58.78% | -59.33% | +0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.33% | 6.15% | +1.18% |
Volatility
NMM vs. GSL - Volatility Comparison
Navios Maritime Partners L.P. (NMM) has a higher volatility of 14.78% compared to Global Ship Lease, Inc. (GSL) at 10.20%. 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.
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Volatility by Period
| NMM | GSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.78% | 10.20% | +4.58% |
Volatility (6M)Calculated over the trailing 6-month period | 22.55% | 20.90% | +1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.69% | 31.66% | +4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.36% | 38.07% | +6.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.49% | 56.07% | -0.58% |
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 Apr 2026, Navios Maritime Partners L.P. reported a gross profit of 251.21M and revenue of 365.55M. Therefore, the gross margin over that period was 68.7%.
GSL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Global Ship Lease, Inc. reported a gross profit of 97.38M and revenue of 190.95M. Therefore, the gross margin over that period was 51.0%.
NMM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Navios Maritime Partners L.P. reported an operating income of 130.64M and revenue of 365.55M, resulting in an operating margin of 35.7%.
GSL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Global Ship Lease, Inc. reported an operating income of 87.72M and revenue of 190.95M, resulting in an operating margin of 45.9%.
NMM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Navios Maritime Partners L.P. reported a net income of 117.33M and revenue of 365.55M, resulting in a net margin of 32.1%.
GSL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Global Ship Lease, Inc. reported a net income of 102.61M and revenue of 190.95M, resulting in a net margin of 53.7%.