DHT vs INSW: Correlation
Measured on weekly returns over the past three years, DHT Holdings, Inc. (DHT) and International Seaways, Inc. (INSW) carry a correlation of 0.80, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHT and INSW?
On 3 years of weekly data the DHT/INSW correlation comes out at 0.80, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.82 lands near the 3-year figure. The 5-year figure is 0.72, and annualized covariance runs at 983.4 %².
In DHT's tracked universe of 12 assets, INSW sits right near the top at #2. Correlation aside, the last 12 months split them widely, with INSW ahead by 60.6 points (+89.7% versus +150.3%).
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.
DHT vs INSW: side by side
| DHT (DHT Holdings, Inc.) | INSW (International Seaways, Inc.) | |
|---|---|---|
| 1-year return | +89.7% | +150.3% |
| 5-year return | +422.1% | +861.9% |
| Volatility (ann.) | 33.2% | 36.8% |
| Beta vs S&P 500 | 0.29 | 0.50 |
| Max drawdown (3Y) | -25.0% | -50.4% |
| Market cap | $3.1B | $4.9B |
| P/E (trailing) | 6.6 | 6.0 |
| Dividend yield | 13.37% | 0.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DHT | INSW |
|---|---|---|
| 2022 | +73.9% | +162.5% |
| 2023 | +24.1% | +42.9% |
| 2024 | +3.6% | -10.9% |
| 2025 | +35.2% | +45.0% |
| 2026 | +79.6% | +123.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHT and INSW good diversifiers for each other?
No: a correlation of 0.80 means DHT and INSW tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between DHT and INSW?
The DHT/INSW correlation stands at 0.80 on a 3-year window (1 year: 0.82, 5 years: 0.72), computed from weekly returns as of 2026-08-27.
Is INSW a good diversifier for DHT?
No: a correlation of 0.80 means DHT and INSW tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.80 mean?
A reading of 0.80 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dht-vs-insw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dht-vs-insw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DHT correlations · INSW correlations
