HAFN vs TEN: Correlation
How closely do Hafnia Limited (HAFN) and Tsakos Energy Navigation Ltd (TEN) trade together? Their weekly returns over three years give a correlation of 0.76, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAFN and TEN?
On 3 years of weekly data the HAFN/TEN correlation comes out at 0.76, strong. Little has changed lately, as the 1-year reading of 0.80 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 1084.6 %².
By 3-year correlation, TEN places #4 of the 22 assets tracked against HAFN. Correlation aside, the last 12 months split them widely, with TEN ahead by 42.1 points (+56.1% versus +98.2%).
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.
HAFN vs TEN: side by side
| HAFN (Hafnia Limited) | TEN (Tsakos Energy Navigation Ltd) | |
|---|---|---|
| 1-year return | +56.1% | +98.2% |
| 5-year return | n/a | +584.9% |
| Volatility (ann.) | 38.6% | 36.7% |
| Beta vs S&P 500 | 0.70 | 0.66 |
| Max drawdown (3Y) | -50.2% | -52.6% |
| Market cap | $4.1B | $1.3B |
| P/E (trailing) | 8.6 | 6.6 |
| Dividend yield | 9.42% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAFN | TEN |
|---|---|---|
| 2022 | – | +138.5% |
| 2023 | – | +38.1% |
| 2024 | – | -16.0% |
| 2025 | +5.4% | +33.1% |
| 2026 | +69.2% | +92.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAFN and TEN good diversifiers for each other?
Only partially. A correlation of 0.76 means HAFN 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 HAFN and TEN?
The HAFN/TEN correlation stands at 0.76 on a 3-year window (1 year: 0.80, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TEN a good diversifier for HAFN?
Only partially. A correlation of 0.76 means HAFN 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 0.76 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/hafn-vs-ten.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hafn-vs-ten/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HAFN correlations · TEN correlations
