SBLK vs SHIP: Correlation
Star Bulk Carriers Corp. (SBLK) and Seanergy Maritime Holdings Corp. (SHIP) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBLK and SHIP?
Across a 3-year window, the weekly returns of SBLK and SHIP correlate at 0.70, strong. Recent behaviour matches the longer record: 0.77 over 1 year against 0.70 over 3. Stretching to 5 years gives 0.63, with an annualized covariance of 1055.1 %².
By 3-year correlation, SHIP places #4 of the 15 assets tracked against SBLK. Their recent paths diverged sharply: over the last 12 months SHIP outperformed by 60.3 percentage points (+72.1% for SBLK against +132.4% for SHIP).
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.
SBLK vs SHIP: side by side
| SBLK (Star Bulk Carriers Corp.) | SHIP (Seanergy Maritime Holdings Corp.) | |
|---|---|---|
| 1-year return | +72.1% | +132.4% |
| 5-year return | +126.3% | +91.7% |
| Volatility (ann.) | 32.5% | 46.6% |
| Beta vs S&P 500 | 0.98 | 1.11 |
| Max drawdown (3Y) | -48.4% | -57.5% |
| Market cap | $3.4B | $0.4B |
| P/E (trailing) | 11.6 | 6.1 |
| Dividend yield | 6.36% | 5.17% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SBLK | SHIP |
|---|---|---|
| 2022 | +8.5% | -36.1% |
| 2023 | +19.2% | +59.6% |
| 2024 | -21.0% | -3.6% |
| 2025 | +30.8% | +38.5% |
| 2026 | +68.9% | +97.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBLK and SHIP good diversifiers for each other?
To a limited degree. At 0.70 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 SBLK and SHIP?
As of 2026-08-27, the correlation of weekly returns between SBLK and SHIP is 0.70 over 3 years, 0.77 over 1 year and 0.63 over 5 years.
Is SHIP a good diversifier for SBLK?
To a limited degree. At 0.70 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 0.70 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/sblk-vs-ship.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sblk-vs-ship/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SBLK correlations · SHIP correlations
