INSW vs NVGS: Correlation
Measured on weekly returns over the past three years, International Seaways, Inc. (INSW) and Navigator Holdings Ltd. (NVGS) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INSW and NVGS?
Across a 3-year window, the weekly returns of INSW and NVGS correlate at 0.70, strong. Little has changed lately, as the 1-year reading of 0.70 lands near the 3-year figure. Stretching to 5 years gives 0.55, with an annualized covariance of 746.5 %².
By 3-year correlation, NVGS places #11 of the 21 assets tracked against INSW. The last year tells two different stories: INSW led by 112.8 percentage points, +150.3% for INSW against +37.5% for NVGS.
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.
INSW vs NVGS: side by side
| INSW (International Seaways, Inc.) | NVGS (Navigator Holdings Ltd.) | |
|---|---|---|
| 1-year return | +150.3% | +37.5% |
| 5-year return | +861.9% | +159.5% |
| Volatility (ann.) | 36.8% | 28.8% |
| Beta vs S&P 500 | 0.50 | 0.68 |
| Max drawdown (3Y) | -50.4% | -38.9% |
| Market cap | $4.9B | $1.4B |
| P/E (trailing) | 6.0 | 9.9 |
| Dividend yield | 0.51% | 1.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INSW | NVGS |
|---|---|---|
| 2022 | +162.5% | +34.8% |
| 2023 | +42.9% | +22.5% |
| 2024 | -10.9% | +6.8% |
| 2025 | +45.0% | +14.4% |
| 2026 | +123.1% | +28.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INSW and NVGS good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between INSW and NVGS?
As of 2026-08-27, the correlation of weekly returns between INSW and NVGS is 0.70 over 3 years, 0.70 over 1 year and 0.55 over 5 years.
Is NVGS a good diversifier for INSW?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 mean?
On the −1 to +1 scale, 0.70 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/insw-vs-nvgs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/insw-vs-nvgs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: INSW correlations · NVGS correlations
