GLBS vs SBLK: Correlation
Measured on weekly returns over the past three years, Globus Maritime Limited (GLBS) and Star Bulk Carriers Corp. (SBLK) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLBS and SBLK?
On 3 years of weekly data the GLBS/SBLK correlation comes out at 0.32, moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.32 over 3. The 5-year figure is 0.30, and annualized covariance runs at 737.9 %².
Few assets follow GLBS as closely as SBLK, which ranks #3 of 10 tracked partners. The last year tells two different stories: GLBS led by 175.0 percentage points, +247.1% for GLBS against +72.1% for SBLK. Risk is not evenly split, since GLBS carries 2.2 times the volatility of the other side.
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.
GLBS vs SBLK: side by side
| GLBS (Globus Maritime Limited) | SBLK (Star Bulk Carriers Corp.) | |
|---|---|---|
| 1-year return | +247.1% | +72.1% |
| 5-year return | +17.2% | +126.3% |
| Volatility (ann.) | 71.4% | 32.5% |
| Beta vs S&P 500 | 0.24 | 0.98 |
| Max drawdown (3Y) | -66.3% | -48.4% |
| Market cap | $0.1B | $3.4B |
| P/E (trailing) | 11.6 | 11.6 |
| Dividend yield | 0.00% | 6.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLBS | SBLK |
|---|---|---|
| 2022 | -50.0% | +8.5% |
| 2023 | +152.4% | +19.2% |
| 2024 | -55.8% | -21.0% |
| 2025 | +49.6% | +30.8% |
| 2026 | +106.3% | +68.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLBS and SBLK good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GLBS and SBLK?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.36 over the last year and 0.30 over 5 years.
Is SBLK a good diversifier for GLBS?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/glbs-vs-sblk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/glbs-vs-sblk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GLBS correlations · SBLK correlations
