DRVN vs TNC: Correlation
Measured on weekly returns over the past three years, Driven Brands Holdings Inc. (DRVN) and Tennant Company (TNC) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRVN and TNC?
Across a 3-year window, the weekly returns of DRVN and TNC correlate at 0.51, moderate. Recent behaviour matches the longer record: 0.61 over 1 year against 0.51 over 3. Stretching to 5 years gives 0.39, with an annualized covariance of 698.3 %².
Among the 11 assets we track against DRVN, TNC ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TNC outperformed by 16.2 percentage points (-31.2% for DRVN against -15.0% for TNC).
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.
DRVN vs TNC: side by side
| DRVN (Driven Brands Holdings Inc.) | TNC (Tennant Company) | |
|---|---|---|
| 1-year return | -31.2% | -15.0% |
| 5-year return | -57.4% | +1.8% |
| Volatility (ann.) | 43.3% | 31.5% |
| Beta vs S&P 500 | 0.77 | 0.90 |
| Max drawdown (3Y) | -46.4% | -49.0% |
| Market cap | $2.1B | $1.2B |
| P/E (trailing) | 13.2 | 67.3 |
| Dividend yield | 0.00% | 1.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DRVN | TNC |
|---|---|---|
| 2022 | -18.8% | -22.8% |
| 2023 | -47.8% | +52.6% |
| 2024 | +13.2% | -11.0% |
| 2025 | -8.2% | -8.2% |
| 2026 | -14.6% | -4.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRVN and TNC good diversifiers for each other?
Only partially. A correlation of 0.51 means DRVN and TNC 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 DRVN and TNC?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.61 over the last year and 0.39 over 5 years.
Is TNC a good diversifier for DRVN?
Only partially. A correlation of 0.51 means DRVN and TNC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 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/drvn-vs-tnc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/drvn-vs-tnc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DRVN correlations · TNC correlations
