DSX vs GNK: Correlation
Measured on weekly returns over the past three years, Diana Shipping inc. (DSX) and Genco Shipping & Trading Limited (GNK) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSX and GNK?
Over the past 3 years, DSX and GNK moved with a correlation of 0.61, which is strong. Recent behaviour matches the longer record: 0.59 over 1 year against 0.61 over 3. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 780.2 %².
By 3-year correlation, GNK places #5 of the 13 assets tracked against DSX. Neither side won the trailing year by much: +66.0% against +63.6%.
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.
DSX vs GNK: side by side
| DSX (Diana Shipping inc.) | GNK (Genco Shipping & Trading Limited) | |
|---|---|---|
| 1-year return | +66.0% | +63.6% |
| 5-year return | -10.5% | +93.4% |
| Volatility (ann.) | 38.7% | 33.1% |
| Beta vs S&P 500 | 0.89 | 0.98 |
| Max drawdown (3Y) | -60.1% | -47.1% |
| Market cap | $0.3B | $1.1B |
| P/E (trailing) | 5.5 | 28.4 |
| Dividend yield | 1.50% | 6.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSX | GNK |
|---|---|---|
| 2022 | +18.2% | +11.4% |
| 2023 | -15.0% | +14.4% |
| 2024 | -28.1% | -8.9% |
| 2025 | -13.7% | +39.1% |
| 2026 | +64.0% | +49.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSX and GNK good diversifiers for each other?
Only partially. A correlation of 0.61 means DSX and GNK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DSX and GNK?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.59 over the last year and 0.65 over 5 years.
Is GNK a good diversifier for DSX?
Only partially. A correlation of 0.61 means DSX and GNK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 mean?
A reading of 0.61 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/dsx-vs-gnk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dsx-vs-gnk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DSX correlations · GNK correlations
