CMBT vs TEN: Correlation
How closely do CMB.TECH NV (CMBT) and Tsakos Energy Navigation Ltd (TEN) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMBT and TEN?
On 3 years of weekly data the CMBT/TEN correlation comes out at 0.55, moderate. The past 12 months show a tighter link (0.67) than the 3-year average (0.55). The 5-year figure is 0.55, and annualized covariance runs at 772.0 %².
Within CMBT's tracked universe of 10 assets, TEN comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CMBT ahead by 45.8 points (+144.0% versus +98.2%).
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 TEN: side by side
| CMBT (CMB.TECH NV) | TEN (Tsakos Energy Navigation Ltd) | |
|---|---|---|
| 1-year return | +144.0% | +98.2% |
| 5-year return | +306.2% | +584.9% |
| Volatility (ann.) | 38.0% | 36.7% |
| Beta vs S&P 500 | 0.67 | 0.66 |
| Max drawdown (3Y) | -57.2% | -52.6% |
| Market cap | $5.3B | $1.3B |
| P/E (trailing) | 10.2 | 6.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMBT | TEN |
|---|---|---|
| 2022 | +93.2% | +138.5% |
| 2023 | +26.3% | +38.1% |
| 2024 | -22.7% | -16.0% |
| 2025 | -2.8% | +33.1% |
| 2026 | +100.0% | +92.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMBT and TEN good diversifiers for each other?
Only partially. A correlation of 0.55 means CMBT and TEN 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 TEN?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.67 over the last year and 0.55 over 5 years.
Is TEN a good diversifier for CMBT?
Only partially. A correlation of 0.55 means CMBT and TEN 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?
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-ten.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cmbt-vs-ten/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CMBT correlations · TEN correlations
