DHT vs PXS: Correlation
Measured on weekly returns over the past three years, DHT Holdings, Inc. (DHT) and Pyxis Tankers Inc. (PXS) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHT and PXS?
Over the past 3 years, DHT and PXS moved with a correlation of 0.58, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.34 versus 0.58 over 3 years. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 735.4 %².
Within DHT's tracked universe of 12 assets, PXS comes in at #6 by 3-year correlation. The trailing year gives PXS the advantage: +89.7% versus +100.0%, a 10.3-point spread.
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.
DHT vs PXS: side by side
| DHT (DHT Holdings, Inc.) | PXS (Pyxis Tankers Inc.) | |
|---|---|---|
| 1-year return | +89.7% | +100.0% |
| 5-year return | +422.1% | +92.9% |
| Volatility (ann.) | 33.2% | 37.9% |
| Beta vs S&P 500 | 0.29 | 0.42 |
| Max drawdown (3Y) | -25.0% | -54.5% |
| Market cap | $3.1B | $0.1B |
| P/E (trailing) | 6.6 | 15.4 |
| Dividend yield | 13.37% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DHT | PXS |
|---|---|---|
| 2022 | +73.9% | +151.0% |
| 2023 | +24.1% | -13.5% |
| 2024 | +3.6% | -5.8% |
| 2025 | +35.2% | -28.5% |
| 2026 | +79.6% | +92.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHT and PXS good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DHT and PXS?
As of 2026-08-27, the correlation of weekly returns between DHT and PXS is 0.58 over 3 years, 0.34 over 1 year and 0.46 over 5 years.
Is PXS a good diversifier for DHT?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dht-vs-pxs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dht-vs-pxs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DHT correlations · PXS correlations
