GASS vs TEN: Correlation
StealthGas, Inc. (GASS) and Tsakos Energy Navigation Ltd (TEN) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GASS and TEN?
Over the past 3 years, GASS and TEN moved with a correlation of 0.53, which is moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 785.3 %².
Among the 11 assets we track against GASS, TEN ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TEN outperformed by 74.4 percentage points (+23.8% for GASS against +98.2% for TEN).
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.
GASS vs TEN: side by side
| GASS (StealthGas, Inc.) | TEN (Tsakos Energy Navigation Ltd) | |
|---|---|---|
| 1-year return | +23.8% | +98.2% |
| 5-year return | +247.3% | +584.9% |
| Volatility (ann.) | 40.3% | 36.7% |
| Beta vs S&P 500 | 0.28 | 0.66 |
| Max drawdown (3Y) | -44.3% | -52.6% |
| Market cap | $0.4B | $1.3B |
| P/E (trailing) | 5.4 | 6.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GASS | TEN |
|---|---|---|
| 2022 | +27.0% | +138.5% |
| 2023 | +141.0% | +38.1% |
| 2024 | -12.5% | -16.0% |
| 2025 | +24.2% | +33.1% |
| 2026 | +35.0% | +92.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GASS and TEN good diversifiers for each other?
Only partially. A correlation of 0.53 means GASS and TEN 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 GASS and TEN?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.60 over the last year and 0.40 over 5 years.
Is TEN a good diversifier for GASS?
Only partially. A correlation of 0.53 means GASS and TEN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gass-vs-ten.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gass-vs-ten/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GASS correlations · TEN correlations
