GASS vs IHT: Correlation
Measured on weekly returns over the past three years, StealthGas, Inc. (GASS) and InnSuites Hospitality Trust Shares of Beneficial Interest (IHT) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GASS and IHT?
On 3 years of weekly data the GASS/IHT correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. The 5-year figure is -0.09, and annualized covariance runs at -483.5 %².
IHT is close to the least connected end of GASS's tracked universe, ranking #11 of 11. Correlation aside, the last 12 months split them widely, with GASS ahead by 57.6 points (+23.8% versus -33.8%).
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.
GASS vs IHT: side by side
| GASS (StealthGas, Inc.) | IHT (InnSuites Hospitality Trust Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +23.8% | -33.8% |
| 5-year return | +247.3% | -63.6% |
| Volatility (ann.) | 40.3% | 55.0% |
| Beta vs S&P 500 | 0.28 | 0.07 |
| Max drawdown (3Y) | -44.3% | -69.6% |
| Market cap | $0.4B | – |
| P/E (trailing) | 5.4 | – |
| Dividend yield | 0.00% | 1.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GASS | IHT |
|---|---|---|
| 2022 | +27.0% | -22.9% |
| 2023 | +141.0% | +2.3% |
| 2024 | -12.5% | +29.5% |
| 2025 | +24.2% | -37.4% |
| 2026 | +35.0% | -3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GASS and IHT good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between GASS and IHT?
As of 2026-08-27, the correlation of weekly returns between GASS and IHT is -0.22 over 3 years, -0.19 over 1 year and -0.09 over 5 years.
Is IHT a good diversifier for GASS?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/gass-vs-iht.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gass-vs-iht/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GASS correlations · IHT correlations
