CTRM vs GASS: Correlation
Castor Maritime Inc. (CTRM) and StealthGas, Inc. (GASS) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTRM and GASS?
Across a 3-year window, the weekly returns of CTRM and GASS correlate at 0.33, moderate. The past 12 months show a weaker link (0.17) than the 3-year average (0.33). Stretching to 5 years gives 0.17, with an annualized covariance of 686.7 %².
By 3-year correlation, GASS places #5 of the 12 assets tracked against CTRM. The trailing year gives GASS the advantage: +12.1% versus +23.8%, a 11.7-point spread.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CTRM vs GASS: side by side
| CTRM (Castor Maritime Inc.) | GASS (StealthGas, Inc.) | |
|---|---|---|
| 1-year return | +12.1% | +23.8% |
| 5-year return | -89.2% | +247.3% |
| Volatility (ann.) | 51.7% | 40.3% |
| Beta vs S&P 500 | 0.35 | 0.28 |
| Max drawdown (3Y) | -72.3% | -44.3% |
| Market cap | – | $0.4B |
| P/E (trailing) | 0.7 | 5.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTRM | GASS |
|---|---|---|
| 2022 | -21.1% | +27.0% |
| 2023 | -62.1% | +141.0% |
| 2024 | -35.3% | -12.5% |
| 2025 | -24.7% | +24.2% |
| 2026 | +15.9% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTRM and GASS good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CTRM and GASS?
The CTRM/GASS correlation stands at 0.33 on a 3-year window (1 year: 0.17, 5 years: 0.17), computed from weekly returns as of 2026-08-27.
Is GASS a good diversifier for CTRM?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: CTRM correlations · GASS correlations
