PXS vs TEN: Correlation
Pyxis Tankers Inc. (PXS) and Tsakos Energy Navigation Ltd (TEN) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PXS and TEN?
Across a 3-year window, the weekly returns of PXS and TEN correlate at 0.63, strong. The past 12 months show a weaker link (0.39) than the 3-year average (0.63). Stretching to 5 years gives 0.48, with an annualized covariance of 876.1 %².
In PXS's tracked universe of 11 assets, TEN sits right near the top at #1. Twelve-month performance is nearly a tie, at +100.0% for PXS and +98.2% for TEN.
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 TEN: side by side
| PXS (Pyxis Tankers Inc.) | TEN (Tsakos Energy Navigation Ltd) | |
|---|---|---|
| 1-year return | +100.0% | +98.2% |
| 5-year return | +92.9% | +584.9% |
| Volatility (ann.) | 37.9% | 36.7% |
| Beta vs S&P 500 | 0.42 | 0.66 |
| Max drawdown (3Y) | -54.5% | -52.6% |
| Market cap | $0.1B | $1.3B |
| P/E (trailing) | 15.4 | 6.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PXS | TEN |
|---|---|---|
| 2022 | +151.0% | +138.5% |
| 2023 | -13.5% | +38.1% |
| 2024 | -5.8% | -16.0% |
| 2025 | -28.5% | +33.1% |
| 2026 | +92.2% | +92.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PXS and TEN good diversifiers for each other?
To a limited degree. At 0.63 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 TEN?
The PXS/TEN correlation stands at 0.63 on a 3-year window (1 year: 0.39, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is TEN a good diversifier for PXS?
To a limited degree. At 0.63 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 0.63 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/pxs-vs-ten.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pxs-vs-ten/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PXS correlations · TEN correlations
