GASS vs TK: Correlation
StealthGas, Inc. (GASS) and Teekay Corporation Ltd. (TK) 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 TK?
Over the past 3 years, GASS and TK moved with a correlation of 0.53, which is moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 773.1 %².
Within GASS's tracked universe of 11 assets, TK comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TK ahead by 46.6 points (+23.8% versus +70.4%).
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 TK: side by side
| GASS (StealthGas, Inc.) | TK (Teekay Corporation Ltd.) | |
|---|---|---|
| 1-year return | +23.8% | +70.4% |
| 5-year return | +247.3% | +508.0% |
| Volatility (ann.) | 40.3% | 36.4% |
| Beta vs S&P 500 | 0.28 | 0.60 |
| Max drawdown (3Y) | -44.3% | -32.2% |
| Market cap | $0.4B | $1.1B |
| P/E (trailing) | 5.4 | 5.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GASS | TK |
|---|---|---|
| 2022 | +27.0% | +44.6% |
| 2023 | +141.0% | +57.5% |
| 2024 | -12.5% | +11.5% |
| 2025 | +24.2% | +48.2% |
| 2026 | +35.0% | +52.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GASS and TK good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GASS and TK?
As of 2026-08-27, the correlation of weekly returns between GASS and TK is 0.53 over 3 years, 0.51 over 1 year and 0.39 over 5 years.
Is TK a good diversifier for GASS?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
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-tk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gass-vs-tk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GASS correlations · TK correlations
