PXS vs STNG: Correlation
How closely do Pyxis Tankers Inc. (PXS) and Scorpio Tankers Inc. (STNG) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PXS and STNG?
Over the past 3 years, PXS and STNG moved with a correlation of 0.59, which is moderate. The link has loosened recently: the 1-year correlation (0.36) runs below the 3-year figure (0.59). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 822.9 %².
Few assets follow PXS as closely as STNG, which ranks #2 of 11 tracked partners. Correlation aside, the last 12 months split them widely, with PXS ahead by 41.7 points (+100.0% versus +58.3%).
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.
PXS vs STNG: side by side
| PXS (Pyxis Tankers Inc.) | STNG (Scorpio Tankers Inc.) | |
|---|---|---|
| 1-year return | +100.0% | +58.3% |
| 5-year return | +92.9% | +454.0% |
| Volatility (ann.) | 37.9% | 36.8% |
| Beta vs S&P 500 | 0.42 | 0.42 |
| Max drawdown (3Y) | -54.5% | -61.0% |
| Market cap | $0.1B | $3.9B |
| P/E (trailing) | 15.4 | 4.7 |
| Dividend yield | 0.00% | 2.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PXS | STNG |
|---|---|---|
| 2022 | +151.0% | +325.5% |
| 2023 | -13.5% | +15.4% |
| 2024 | -5.8% | -16.3% |
| 2025 | -28.5% | +5.3% |
| 2026 | +92.2% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PXS and STNG good diversifiers for each other?
To a limited degree. At 0.59 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 PXS and STNG?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.36 over the last year and 0.48 over 5 years.
Is STNG a good diversifier for PXS?
To a limited degree. At 0.59 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 0.59 mean?
On the −1 to +1 scale, 0.59 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pxs-vs-stng.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pxs-vs-stng/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PXS correlations · STNG correlations
