LPG vs TRMD: Correlation
How closely do Dorian LPG Ltd. (LPG) and TORM plc (TRMD) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPG and TRMD?
On 3 years of weekly data the LPG/TRMD correlation comes out at 0.69, strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. The 5-year figure is 0.61, and annualized covariance runs at 1284.1 %².
In LPG's tracked universe of 11 assets, TRMD sits right near the top at #2. On 12-month performance LPG holds a 6.9-point edge, +68.3% against +61.4%.
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.
LPG vs TRMD: side by side
| LPG (Dorian LPG Ltd.) | TRMD (TORM plc) | |
|---|---|---|
| 1-year return | +68.3% | +61.4% |
| 5-year return | +725.0% | +679.6% |
| Volatility (ann.) | 47.1% | 39.6% |
| Beta vs S&P 500 | 0.96 | 0.60 |
| Max drawdown (3Y) | -62.9% | -60.6% |
| Market cap | $2.1B | $3.3B |
| P/E (trailing) | 6.4 | 5.2 |
| Dividend yield | 6.99% | 7.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LPG | TRMD |
|---|---|---|
| 2022 | +109.6% | +297.7% |
| 2023 | +171.4% | +31.6% |
| 2024 | -37.8% | -23.5% |
| 2025 | +9.8% | +11.3% |
| 2026 | +116.9% | +70.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPG and TRMD good diversifiers for each other?
To a limited degree. At 0.69 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 LPG and TRMD?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.68 over the last year and 0.61 over 5 years.
Is TRMD a good diversifier for LPG?
To a limited degree. At 0.69 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 0.69 mean?
A reading of 0.69 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
$ curl https://www.pairbook.io/api/v1/pairs/lpg-vs-trmd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lpg-vs-trmd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LPG correlations · TRMD correlations
