GASS vs LPG: Correlation
StealthGas, Inc. (GASS) and Dorian LPG Ltd. (LPG) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GASS and LPG?
On 3 years of weekly data the GASS/LPG correlation comes out at 0.53, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.53 over 3. The 5-year figure is 0.43, and annualized covariance runs at 1001.6 %².
LPG is one of the assets that tracks GASS most closely: it ranks #3 out of the 11 assets we track against GASS. Their recent paths diverged sharply: over the last 12 months LPG outperformed by 44.5 percentage points (+23.8% for GASS against +68.3% for LPG).
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 LPG: side by side
| GASS (StealthGas, Inc.) | LPG (Dorian LPG Ltd.) | |
|---|---|---|
| 1-year return | +23.8% | +68.3% |
| 5-year return | +247.3% | +725.0% |
| Volatility (ann.) | 40.3% | 47.1% |
| Beta vs S&P 500 | 0.28 | 0.96 |
| Max drawdown (3Y) | -44.3% | -62.9% |
| Market cap | $0.4B | $2.1B |
| P/E (trailing) | 5.4 | 6.4 |
| Dividend yield | 0.00% | 6.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GASS | LPG |
|---|---|---|
| 2022 | +27.0% | +109.6% |
| 2023 | +141.0% | +171.4% |
| 2024 | -12.5% | -37.8% |
| 2025 | +24.2% | +9.8% |
| 2026 | +35.0% | +116.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GASS and LPG good diversifiers for each other?
To a limited degree. At 0.53 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 GASS and LPG?
As of 2026-08-27, the correlation of weekly returns between GASS and LPG is 0.53 over 3 years, 0.55 over 1 year and 0.43 over 5 years.
Is LPG a good diversifier for GASS?
To a limited degree. At 0.53 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 0.53 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gass-vs-lpg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gass-vs-lpg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GASS correlations · LPG correlations
