JBIO vs STNG: Correlation
Measured on weekly returns over the past three years, Jade Biosciences, Inc. (JBIO) and Scorpio Tankers Inc. (STNG) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBIO and STNG?
On 3 years of weekly data the JBIO/STNG correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.23 lands near the 3-year figure. The 5-year figure is -0.00, and annualized covariance runs at -947.2 %².
STNG is close to the least connected end of JBIO's tracked universe, ranking #14 of 15. The last year tells two different stories: JBIO led by 109.5 percentage points, +167.8% for JBIO against +58.3% for STNG. Risk is not evenly split, since JBIO carries 2.9 times the volatility of the other side.
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.
JBIO vs STNG: side by side
| JBIO (Jade Biosciences, Inc.) | STNG (Scorpio Tankers Inc.) | |
|---|---|---|
| 1-year return | +167.8% | +58.3% |
| 5-year return | -96.3% | +454.0% |
| Volatility (ann.) | 106.5% | 36.8% |
| Beta vs S&P 500 | 0.77 | 0.42 |
| Max drawdown (3Y) | -99.4% | -61.0% |
| Market cap | $1.4B | $3.9B |
| P/E (trailing) | – | 4.7 |
| Dividend yield | 0.00% | 2.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JBIO | STNG |
|---|---|---|
| 2022 | +148.5% | +325.5% |
| 2023 | -22.8% | +15.4% |
| 2024 | -88.3% | -16.3% |
| 2025 | -82.9% | +5.3% |
| 2026 | +38.0% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBIO and STNG good diversifiers for each other?
Yes. With a correlation of -0.24, JBIO and STNG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JBIO and STNG?
As of 2026-08-27, the correlation of weekly returns between JBIO and STNG is -0.24 over 3 years, -0.23 over 1 year and -0.00 over 5 years.
Is STNG a good diversifier for JBIO?
Yes. With a correlation of -0.24, JBIO and STNG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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/jbio-vs-stng.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jbio-vs-stng/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JBIO correlations · STNG correlations
