DAC vs SBLK: Correlation
Measured on weekly returns over the past three years, Danaos Corporation (DAC) and Star Bulk Carriers Corp. (SBLK) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAC and SBLK?
Across a 3-year window, the weekly returns of DAC and SBLK correlate at 0.71, strong. Little has changed lately, as the 1-year reading of 0.79 lands near the 3-year figure. Stretching to 5 years gives 0.63, with an annualized covariance of 585.6 %².
SBLK is one of the assets that tracks DAC most closely: it ranks #3 out of the 15 assets we track against DAC. Twelve-month performance is nearly a tie, at +68.0% for DAC and +72.1% for SBLK.
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.
DAC vs SBLK: side by side
| DAC (Danaos Corporation) | SBLK (Star Bulk Carriers Corp.) | |
|---|---|---|
| 1-year return | +68.0% | +72.1% |
| 5-year return | +112.7% | +126.3% |
| Volatility (ann.) | 25.3% | 32.5% |
| Beta vs S&P 500 | 0.58 | 0.98 |
| Max drawdown (3Y) | -28.9% | -48.4% |
| Market cap | – | $3.4B |
| P/E (trailing) | 5.0 | 11.6 |
| Dividend yield | 2.44% | 6.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DAC | SBLK |
|---|---|---|
| 2022 | -26.6% | +8.5% |
| 2023 | +47.5% | +19.2% |
| 2024 | +12.4% | -21.0% |
| 2025 | +20.0% | +30.8% |
| 2026 | +64.2% | +68.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAC and SBLK good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DAC and SBLK?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.79 over the last year and 0.63 over 5 years.
Is SBLK a good diversifier for DAC?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 mean?
On the −1 to +1 scale, 0.71 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dac-vs-sblk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dac-vs-sblk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DAC correlations · SBLK correlations
