DHT vs TEN: Correlation
Measured on weekly returns over the past three years, DHT Holdings, Inc. (DHT) and Tsakos Energy Navigation Ltd (TEN) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHT and TEN?
Across a 3-year window, the weekly returns of DHT and TEN correlate at 0.77, strong. Little has changed lately, as the 1-year reading of 0.79 lands near the 3-year figure. Stretching to 5 years gives 0.68, with an annualized covariance of 937.4 %².
By 3-year correlation, TEN places #5 of the 12 assets tracked against DHT. The trailing year gives TEN the advantage: +89.7% versus +98.2%, a 8.5-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 TEN: side by side
| DHT (DHT Holdings, Inc.) | TEN (Tsakos Energy Navigation Ltd) | |
|---|---|---|
| 1-year return | +89.7% | +98.2% |
| 5-year return | +422.1% | +584.9% |
| Volatility (ann.) | 33.2% | 36.7% |
| Beta vs S&P 500 | 0.29 | 0.66 |
| Max drawdown (3Y) | -25.0% | -52.6% |
| Market cap | $3.1B | $1.3B |
| P/E (trailing) | 6.6 | 6.6 |
| Dividend yield | 13.37% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DHT | TEN |
|---|---|---|
| 2022 | +73.9% | +138.5% |
| 2023 | +24.1% | +38.1% |
| 2024 | +3.6% | -16.0% |
| 2025 | +35.2% | +33.1% |
| 2026 | +79.6% | +92.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHT and TEN good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DHT and TEN?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.79 over the last year and 0.68 over 5 years.
Is TEN a good diversifier for DHT?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 mean?
A reading of 0.77 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/dht-vs-ten.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dht-vs-ten/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DHT correlations · TEN correlations
