ASC vs STNG: Correlation
Ardmore Shipping Corporation (ASC) and Scorpio Tankers Inc. (STNG) show a very strong relationship: their 3-year correlation of weekly returns is 0.80.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASC and STNG?
On 3 years of weekly data the ASC/STNG correlation comes out at 0.80, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.82) sits close to the 3-year figure. The 5-year figure is 0.72, and annualized covariance runs at 1150.0 %².
In ASC's tracked universe of 14 assets, STNG sits right near the top at #3. Neither side won the trailing year by much: +58.0% against +58.3%.
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.
ASC vs STNG: side by side
| ASC (Ardmore Shipping Corporation) | STNG (Scorpio Tankers Inc.) | |
|---|---|---|
| 1-year return | +58.0% | +58.3% |
| 5-year return | +514.4% | +454.0% |
| Volatility (ann.) | 38.9% | 36.8% |
| Beta vs S&P 500 | 0.31 | 0.42 |
| Max drawdown (3Y) | -61.4% | -61.0% |
| Market cap | $0.7B | $3.9B |
| P/E (trailing) | 6.9 | 4.7 |
| Dividend yield | 8.07% | 2.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASC | STNG |
|---|---|---|
| 2022 | +326.3% | +325.5% |
| 2023 | +5.8% | +15.4% |
| 2024 | -8.2% | -16.3% |
| 2025 | -11.1% | +5.3% |
| 2026 | +71.7% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASC and STNG good diversifiers for each other?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between ASC and STNG?
Using weekly returns as of 2026-08-27: 0.80 over 3 years, with 0.82 over the last year and 0.72 over 5 years.
Is STNG a good diversifier for ASC?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.80 mean?
A reading of 0.80 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/asc-vs-stng.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asc-vs-stng/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASC correlations · STNG correlations
