INSW vs PXS: Correlation
International Seaways, Inc. (INSW) and Pyxis Tankers Inc. (PXS) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INSW and PXS?
Over the past 3 years, INSW and PXS moved with a correlation of 0.58, which is moderate. The past 12 months show a weaker link (0.39) than the 3-year average (0.58). Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 810.7 %².
Within INSW's tracked universe of 21 assets, PXS comes in at #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months INSW outperformed by 50.3 percentage points (+150.3% for INSW against +100.0% for PXS).
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.
INSW vs PXS: side by side
| INSW (International Seaways, Inc.) | PXS (Pyxis Tankers Inc.) | |
|---|---|---|
| 1-year return | +150.3% | +100.0% |
| 5-year return | +861.9% | +92.9% |
| Volatility (ann.) | 36.8% | 37.9% |
| Beta vs S&P 500 | 0.50 | 0.42 |
| Max drawdown (3Y) | -50.4% | -54.5% |
| Market cap | $4.9B | $0.1B |
| P/E (trailing) | 6.0 | 15.4 |
| Dividend yield | 0.51% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INSW | PXS |
|---|---|---|
| 2022 | +162.5% | +151.0% |
| 2023 | +42.9% | -13.5% |
| 2024 | -10.9% | -5.8% |
| 2025 | +45.0% | -28.5% |
| 2026 | +123.1% | +92.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INSW and PXS good diversifiers for each other?
Only partially. A correlation of 0.58 means INSW and PXS 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 INSW and PXS?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.39 over the last year and 0.45 over 5 years.
Is PXS a good diversifier for INSW?
Only partially. A correlation of 0.58 means INSW and PXS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 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/insw-vs-pxs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/insw-vs-pxs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INSW correlations · PXS correlations
