NVGS vs TNK: Correlation
Navigator Holdings Ltd. (NVGS) and Teekay Tankers Ltd. (TNK) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVGS and TNK?
Across a 3-year window, the weekly returns of NVGS and TNK correlate at 0.70, strong. Little has changed lately, as the 1-year reading of 0.71 lands near the 3-year figure. Stretching to 5 years gives 0.50, with an annualized covariance of 772.6 %².
Within NVGS's tracked universe of 15 assets, TNK comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TNK ahead by 49.8 points (+37.5% 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.
NVGS vs TNK: side by side
| NVGS (Navigator Holdings Ltd.) | TNK (Teekay Tankers Ltd.) | |
|---|---|---|
| 1-year return | +37.5% | +87.3% |
| 5-year return | +159.5% | +813.1% |
| Volatility (ann.) | 28.8% | 38.5% |
| Beta vs S&P 500 | 0.68 | 0.51 |
| Max drawdown (3Y) | -38.9% | -52.4% |
| Market cap | $1.4B | $3.1B |
| P/E (trailing) | 9.9 | 4.9 |
| Dividend yield | 1.30% | 1.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVGS | TNK |
|---|---|---|
| 2022 | +34.8% | +182.7% |
| 2023 | +22.5% | +69.2% |
| 2024 | +6.8% | -16.6% |
| 2025 | +14.4% | +39.6% |
| 2026 | +28.1% | +68.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVGS and TNK good diversifiers for each other?
To a limited degree. At 0.70 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between NVGS and TNK?
As of 2026-08-27, the correlation of weekly returns between NVGS and TNK is 0.70 over 3 years, 0.71 over 1 year and 0.50 over 5 years.
Is TNK a good diversifier for NVGS?
To a limited degree. At 0.70 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.70 mean?
A reading of 0.70 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/nvgs-vs-tnk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nvgs-vs-tnk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NVGS correlations · TNK correlations
