FRO vs TK: Correlation
Measured on weekly returns over the past three years, Frontline Plc (FRO) and Teekay Corporation Ltd. (TK) carry a correlation of 0.74, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRO and TK?
Across a 3-year window, the weekly returns of FRO and TK correlate at 0.74, strong. Recent behaviour matches the longer record: 0.79 over 1 year against 0.74 over 3. Stretching to 5 years gives 0.69, with an annualized covariance of 1243.4 %².
By 3-year correlation, TK places #8 of the 14 assets tracked against FRO. Their recent paths diverged sharply: over the last 12 months FRO outperformed by 59.2 percentage points (+129.6% for FRO against +70.4% for TK).
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 TK: side by side
| FRO (Frontline Plc) | TK (Teekay Corporation Ltd.) | |
|---|---|---|
| 1-year return | +129.6% | +70.4% |
| 5-year return | +771.5% | +508.0% |
| Volatility (ann.) | 46.1% | 36.4% |
| Beta vs S&P 500 | 0.57 | 0.60 |
| Max drawdown (3Y) | -52.0% | -32.2% |
| Market cap | $9.7B | $1.1B |
| P/E (trailing) | 10.2 | 5.9 |
| Dividend yield | 7.60% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRO | TK |
|---|---|---|
| 2022 | +73.7% | +44.6% |
| 2023 | +96.2% | +57.5% |
| 2024 | -22.5% | +11.5% |
| 2025 | +57.3% | +48.2% |
| 2026 | +115.9% | +52.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRO and TK good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FRO and TK?
The FRO/TK correlation stands at 0.74 on a 3-year window (1 year: 0.79, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is TK a good diversifier for FRO?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.74 mean?
A reading of 0.74 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/fro-vs-tk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fro-vs-tk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FRO correlations · TK correlations
