CMBT vs INSW: Correlation
Measured on weekly returns over the past three years, CMB.TECH NV (CMBT) and International Seaways, Inc. (INSW) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMBT and INSW?
On 3 years of weekly data the CMBT/INSW correlation comes out at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. The 5-year figure is 0.58, and annualized covariance runs at 777.7 %².
Few assets follow CMBT as closely as INSW, which ranks #3 of 10 tracked partners. On 12-month performance INSW holds a 6.3-point edge, +144.0% against +150.3%.
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.
CMBT vs INSW: side by side
| CMBT (CMB.TECH NV) | INSW (International Seaways, Inc.) | |
|---|---|---|
| 1-year return | +144.0% | +150.3% |
| 5-year return | +306.2% | +861.9% |
| Volatility (ann.) | 38.0% | 36.8% |
| Beta vs S&P 500 | 0.67 | 0.50 |
| Max drawdown (3Y) | -57.2% | -50.4% |
| Market cap | $5.3B | $4.9B |
| P/E (trailing) | 10.2 | 6.0 |
| Dividend yield | 0.00% | 0.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMBT | INSW |
|---|---|---|
| 2022 | +93.2% | +162.5% |
| 2023 | +26.3% | +42.9% |
| 2024 | -22.7% | -10.9% |
| 2025 | -2.8% | +45.0% |
| 2026 | +100.0% | +123.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMBT and INSW good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CMBT and INSW?
The CMBT/INSW correlation stands at 0.56 on a 3-year window (1 year: 0.61, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is INSW a good diversifier for CMBT?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 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/cmbt-vs-insw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cmbt-vs-insw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CMBT correlations · INSW correlations
