LIQT vs TEN: Correlation
LiqTech International, Inc. (LIQT) and Tsakos Energy Navigation Ltd (TEN) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIQT and TEN?
Across a 3-year window, the weekly returns of LIQT and TEN correlate at 0.30, moderate. The past 12 months show a tighter link (0.50) than the 3-year average (0.30). Stretching to 5 years gives 0.18, with an annualized covariance of 755.5 %².
By 3-year correlation, TEN places #4 of the 12 assets tracked against LIQT. Their recent paths diverged sharply: over the last 12 months TEN outperformed by 169.3 percentage points (-71.1% for LIQT against +98.2% for TEN). Risk is not evenly split, since LIQT carries 1.9 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.
LIQT vs TEN: side by side
| LIQT (LiqTech International, Inc.) | TEN (Tsakos Energy Navigation Ltd) | |
|---|---|---|
| 1-year return | -71.1% | +98.2% |
| 5-year return | -98.6% | +584.9% |
| Volatility (ann.) | 68.6% | 36.7% |
| Beta vs S&P 500 | 0.75 | 0.66 |
| Max drawdown (3Y) | -87.4% | -52.6% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | 6.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LIQT | TEN |
|---|---|---|
| 2022 | -93.4% | +138.5% |
| 2023 | +12.2% | +38.1% |
| 2024 | -46.0% | -16.0% |
| 2025 | -20.7% | +33.1% |
| 2026 | -61.6% | +92.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIQT and TEN good diversifiers for each other?
Reasonably. At 0.30, LIQT and TEN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LIQT and TEN?
The LIQT/TEN correlation stands at 0.30 on a 3-year window (1 year: 0.50, 5 years: 0.18), computed from weekly returns as of 2026-08-27.
Is TEN a good diversifier for LIQT?
Reasonably. At 0.30, LIQT and TEN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/liqt-vs-ten.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/liqt-vs-ten/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LIQT correlations · TEN correlations
