GNK vs SBLK: Correlation
Measured on weekly returns over the past three years, Genco Shipping & Trading Limited (GNK) and Star Bulk Carriers Corp. (SBLK) carry a correlation of 0.84, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNK and SBLK?
On 3 years of weekly data the GNK/SBLK correlation comes out at 0.84, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.83) sits close to the 3-year figure. The 5-year figure is 0.82, and annualized covariance runs at 902.3 %².
Few assets follow GNK as closely as SBLK, which ranks #1 of 13 tracked partners. Over the last 12 months SBLK came out ahead by 8.5 percentage points (+63.6% 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.
GNK vs SBLK: side by side
| GNK (Genco Shipping & Trading Limited) | SBLK (Star Bulk Carriers Corp.) | |
|---|---|---|
| 1-year return | +63.6% | +72.1% |
| 5-year return | +93.4% | +126.3% |
| Volatility (ann.) | 33.1% | 32.5% |
| Beta vs S&P 500 | 0.98 | 0.98 |
| Max drawdown (3Y) | -47.1% | -48.4% |
| Market cap | $1.1B | $3.4B |
| P/E (trailing) | 28.4 | 11.6 |
| Dividend yield | 6.97% | 6.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GNK | SBLK |
|---|---|---|
| 2022 | +11.4% | +8.5% |
| 2023 | +14.4% | +19.2% |
| 2024 | -8.9% | -21.0% |
| 2025 | +39.1% | +30.8% |
| 2026 | +49.9% | +68.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNK and SBLK good diversifiers for each other?
No: a correlation of 0.84 means GNK and SBLK tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between GNK and SBLK?
The GNK/SBLK correlation stands at 0.84 on a 3-year window (1 year: 0.83, 5 years: 0.82), computed from weekly returns as of 2026-08-27.
Is SBLK a good diversifier for GNK?
No: a correlation of 0.84 means GNK and SBLK tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.84 mean?
A reading of 0.84 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gnk-vs-sblk/)
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Related comparisons
Hubs: GNK correlations · SBLK correlations
