INSW vs SFL: Correlation
International Seaways, Inc. (INSW) and SFL Corporation Ltd (SFL) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INSW and SFL?
On 3 years of weekly data the INSW/SFL correlation comes out at 0.62, strong. Recent behaviour matches the longer record: 0.63 over 1 year against 0.62 over 3. The 5-year figure is 0.57, and annualized covariance runs at 638.1 %².
By 3-year correlation, SFL places #13 of the 21 assets tracked against INSW. The last year tells two different stories: INSW led by 94.9 percentage points, +150.3% for INSW against +55.4% for SFL.
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 SFL: side by side
| INSW (International Seaways, Inc.) | SFL (SFL Corporation Ltd) | |
|---|---|---|
| 1-year return | +150.3% | +55.4% |
| 5-year return | +861.9% | +130.7% |
| Volatility (ann.) | 36.8% | 28.0% |
| Beta vs S&P 500 | 0.50 | 0.53 |
| Max drawdown (3Y) | -50.4% | -46.4% |
| Market cap | $4.9B | $1.7B |
| P/E (trailing) | 6.0 | 25.2 |
| Dividend yield | 0.51% | 3.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INSW | SFL |
|---|---|---|
| 2022 | +162.5% | +23.5% |
| 2023 | +42.9% | +34.5% |
| 2024 | -10.9% | -0.8% |
| 2025 | +45.0% | -18.6% |
| 2026 | +123.1% | +64.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INSW and SFL good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between INSW and SFL?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.63 over the last year and 0.57 over 5 years.
Is SFL a good diversifier for INSW?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: INSW correlations · SFL correlations
