CMBT vs FRO: Correlation
CMB.TECH NV (CMBT) and Frontline Plc (FRO) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMBT and FRO?
Over the past 3 years, CMBT and FRO moved with a correlation of 0.55, which is moderate. The past 12 months show a tighter link (0.66) than the 3-year average (0.55). Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 971.2 %².
Among the 10 assets we track against CMBT, FRO ranks #4 by 3-year correlation. On 12-month performance CMBT holds a 14.4-point edge, +144.0% against +129.6%.
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.
CMBT vs FRO: side by side
| CMBT (CMB.TECH NV) | FRO (Frontline Plc) | |
|---|---|---|
| 1-year return | +144.0% | +129.6% |
| 5-year return | +306.2% | +771.5% |
| Volatility (ann.) | 38.0% | 46.1% |
| Beta vs S&P 500 | 0.67 | 0.57 |
| Max drawdown (3Y) | -57.2% | -52.0% |
| Market cap | $5.3B | $9.7B |
| P/E (trailing) | 10.2 | 10.2 |
| Dividend yield | 0.00% | 7.60% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMBT | FRO |
|---|---|---|
| 2022 | +93.2% | +73.7% |
| 2023 | +26.3% | +96.2% |
| 2024 | -22.7% | -22.5% |
| 2025 | -2.8% | +57.3% |
| 2026 | +100.0% | +115.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMBT and FRO good diversifiers for each other?
Only partially. A correlation of 0.55 means CMBT and FRO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CMBT and FRO?
The CMBT/FRO correlation stands at 0.55 on a 3-year window (1 year: 0.66, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is FRO a good diversifier for CMBT?
Only partially. A correlation of 0.55 means CMBT and FRO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
A reading of 0.55 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/cmbt-vs-fro.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cmbt-vs-fro/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CMBT correlations · FRO correlations
