FRO vs STNG: Correlation
Frontline Plc (FRO) and Scorpio Tankers Inc. (STNG) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRO and STNG?
Over the past 3 years, FRO and STNG moved with a correlation of 0.75, which is strong. Recent behaviour matches the longer record: 0.68 over 1 year against 0.75 over 3. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 1271.4 %².
Within FRO's tracked universe of 14 assets, STNG comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FRO ahead by 71.3 points (+129.6% versus +58.3%).
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.
FRO vs STNG: side by side
| FRO (Frontline Plc) | STNG (Scorpio Tankers Inc.) | |
|---|---|---|
| 1-year return | +129.6% | +58.3% |
| 5-year return | +771.5% | +454.0% |
| Volatility (ann.) | 46.1% | 36.8% |
| Beta vs S&P 500 | 0.57 | 0.42 |
| Max drawdown (3Y) | -52.0% | -61.0% |
| Market cap | $9.7B | $3.9B |
| P/E (trailing) | 10.2 | 4.7 |
| Dividend yield | 7.60% | 2.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRO | STNG |
|---|---|---|
| 2022 | +73.7% | +325.5% |
| 2023 | +96.2% | +15.4% |
| 2024 | -22.5% | -16.3% |
| 2025 | +57.3% | +5.3% |
| 2026 | +115.9% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRO and STNG good diversifiers for each other?
Only partially. A correlation of 0.75 means FRO and STNG 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 FRO and STNG?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with 0.68 over the last year and 0.66 over 5 years.
Is STNG a good diversifier for FRO?
Only partially. A correlation of 0.75 means FRO and STNG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 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/fro-vs-stng.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fro-vs-stng/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FRO correlations · STNG correlations
