IMPP vs TNK: Correlation
Imperial Petroleum Inc. (IMPP) and Teekay Tankers Ltd. (TNK) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMPP and TNK?
Across a 3-year window, the weekly returns of IMPP and TNK correlate at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Stretching to 5 years gives 0.30, with an annualized covariance of 892.2 %².
By 3-year correlation, TNK places #5 of the 11 assets tracked against IMPP. Correlation aside, the last 12 months split them widely, with TNK ahead by 34.0 points (+53.3% 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.
IMPP vs TNK: side by side
| IMPP (Imperial Petroleum Inc.) | TNK (Teekay Tankers Ltd.) | |
|---|---|---|
| 1-year return | +53.3% | +87.3% |
| 5-year return | -95.5% | +813.1% |
| Volatility (ann.) | 51.6% | 38.5% |
| Beta vs S&P 500 | 0.12 | 0.51 |
| Max drawdown (3Y) | -49.8% | -52.4% |
| Market cap | $0.2B | $3.1B |
| P/E (trailing) | 3.1 | 4.9 |
| Dividend yield | 0.00% | 1.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMPP | TNK |
|---|---|---|
| 2022 | -88.7% | +182.7% |
| 2023 | -27.0% | +69.2% |
| 2024 | +14.0% | -16.6% |
| 2025 | +20.3% | +39.6% |
| 2026 | +39.8% | +68.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMPP and TNK good diversifiers for each other?
Reasonably. At 0.45, IMPP and TNK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IMPP and TNK?
As of 2026-08-27, the correlation of weekly returns between IMPP and TNK is 0.45 over 3 years, 0.37 over 1 year and 0.30 over 5 years.
Is TNK a good diversifier for IMPP?
Reasonably. At 0.45, IMPP and TNK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 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/impp-vs-tnk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/impp-vs-tnk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IMPP correlations · TNK correlations
