FRO vs TNK: Correlation
Frontline Plc (FRO) and Teekay Tankers Ltd. (TNK) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRO and TNK?
On 3 years of weekly data the FRO/TNK correlation comes out at 0.78, strong. Little has changed lately, as the 1-year reading of 0.78 lands near the 3-year figure. The 5-year figure is 0.76, and annualized covariance runs at 1391.9 %².
Among the 14 assets we track against FRO, TNK ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FRO ahead by 42.3 points (+129.6% versus +87.3%).
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 TNK: side by side
| FRO (Frontline Plc) | TNK (Teekay Tankers Ltd.) | |
|---|---|---|
| 1-year return | +129.6% | +87.3% |
| 5-year return | +771.5% | +813.1% |
| Volatility (ann.) | 46.1% | 38.5% |
| Beta vs S&P 500 | 0.57 | 0.51 |
| Max drawdown (3Y) | -52.0% | -52.4% |
| Market cap | $9.7B | $3.1B |
| P/E (trailing) | 10.2 | 4.9 |
| Dividend yield | 7.60% | 1.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRO | TNK |
|---|---|---|
| 2022 | +73.7% | +182.7% |
| 2023 | +96.2% | +69.2% |
| 2024 | -22.5% | -16.6% |
| 2025 | +57.3% | +39.6% |
| 2026 | +115.9% | +68.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRO and TNK good diversifiers for each other?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FRO and TNK?
Using weekly returns as of 2026-08-27: 0.78 over 3 years, with 0.78 over the last year and 0.76 over 5 years.
Is TNK a good diversifier for FRO?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.78 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-tnk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fro-vs-tnk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FRO correlations · TNK correlations
