DSX vs SBLK: Correlation
Diana Shipping inc. (DSX) and Star Bulk Carriers Corp. (SBLK) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSX and SBLK?
On 3 years of weekly data the DSX/SBLK correlation comes out at 0.63, strong. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. The 5-year figure is 0.61, and annualized covariance runs at 791.6 %².
SBLK is one of the assets that tracks DSX most closely: it ranks #3 out of the 13 assets we track against DSX. On 12-month performance SBLK holds a 6.1-point edge, +66.0% against +72.1%.
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 SBLK: side by side
| DSX (Diana Shipping inc.) | SBLK (Star Bulk Carriers Corp.) | |
|---|---|---|
| 1-year return | +66.0% | +72.1% |
| 5-year return | -10.5% | +126.3% |
| Volatility (ann.) | 38.7% | 32.5% |
| Beta vs S&P 500 | 0.89 | 0.98 |
| Max drawdown (3Y) | -60.1% | -48.4% |
| Market cap | $0.3B | $3.4B |
| P/E (trailing) | 5.5 | 11.6 |
| Dividend yield | 1.50% | 6.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSX | SBLK |
|---|---|---|
| 2022 | +18.2% | +8.5% |
| 2023 | -15.0% | +19.2% |
| 2024 | -28.1% | -21.0% |
| 2025 | -13.7% | +30.8% |
| 2026 | +64.0% | +68.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSX and SBLK good diversifiers for each other?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DSX and SBLK?
As of 2026-08-27, the correlation of weekly returns between DSX and SBLK is 0.63 over 3 years, 0.65 over 1 year and 0.61 over 5 years.
Is SBLK a good diversifier for DSX?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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/dsx-vs-sblk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dsx-vs-sblk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DSX correlations · SBLK correlations
