GLBS vs TBN: Correlation
How closely do Globus Maritime Limited (GLBS) and Tamboran Resources Corporation (TBN) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLBS and TBN?
Over the past 3 years, GLBS and TBN moved with a correlation of 0.33, which is moderate. Recent behaviour matches the longer record: 0.27 over 1 year against 0.33 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1091.2 %².
TBN is one of the assets that tracks GLBS most closely: it ranks #2 out of the 10 assets we track against GLBS. Correlation aside, the last 12 months split them widely, with GLBS ahead by 160.4 points (+247.1% versus +86.7%).
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.
GLBS vs TBN: side by side
| GLBS (Globus Maritime Limited) | TBN (Tamboran Resources Corporation) | |
|---|---|---|
| 1-year return | +247.1% | +86.7% |
| 5-year return | +17.2% | n/a |
| Volatility (ann.) | 71.4% | 52.6% |
| Beta vs S&P 500 | 0.24 | -0.08 |
| Max drawdown (3Y) | -66.3% | -38.6% |
| Market cap | $0.1B | $1.3B |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLBS | TBN |
|---|---|---|
| 2022 | -50.0% | – |
| 2023 | +152.4% | – |
| 2024 | -55.8% | – |
| 2025 | +49.6% | +29.7% |
| 2026 | +106.3% | +38.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLBS and TBN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GLBS and TBN?
As of 2026-08-27, the correlation of weekly returns between GLBS and TBN is 0.33 over 3 years, 0.27 over 1 year and n/a over 5 years.
Is TBN a good diversifier for GLBS?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 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.
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Related comparisons
Hubs: GLBS correlations · TBN correlations
