ASC vs TEN: Correlation
How closely do Ardmore Shipping Corporation (ASC) and Tsakos Energy Navigation Ltd (TEN) trade together? Their weekly returns over three years give a correlation of 0.78, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASC and TEN?
Over the past 3 years, ASC and TEN moved with a correlation of 0.78, which is strong. Little has changed lately, as the 1-year reading of 0.83 lands near the 3-year figure. Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 1116.6 %².
Among the 14 assets we track against ASC, TEN ranks #4 by 3-year correlation. The last year tells two different stories: TEN led by 40.2 percentage points, +58.0% for ASC against +98.2% for TEN.
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 TEN: side by side
| ASC (Ardmore Shipping Corporation) | TEN (Tsakos Energy Navigation Ltd) | |
|---|---|---|
| 1-year return | +58.0% | +98.2% |
| 5-year return | +514.4% | +584.9% |
| Volatility (ann.) | 38.9% | 36.7% |
| Beta vs S&P 500 | 0.31 | 0.66 |
| Max drawdown (3Y) | -61.4% | -52.6% |
| Market cap | $0.7B | $1.3B |
| P/E (trailing) | 6.9 | 6.6 |
| Dividend yield | 8.07% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASC | TEN |
|---|---|---|
| 2022 | +326.3% | +138.5% |
| 2023 | +5.8% | +38.1% |
| 2024 | -8.2% | -16.0% |
| 2025 | -11.1% | +33.1% |
| 2026 | +71.7% | +92.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASC and TEN good diversifiers for each other?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ASC and TEN?
As of 2026-08-27, the correlation of weekly returns between ASC and TEN is 0.78 over 3 years, 0.83 over 1 year and 0.69 over 5 years.
Is TEN a good diversifier for ASC?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.78 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asc-vs-ten.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asc-vs-ten/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASC correlations · TEN correlations
