SFL vs TEN: Correlation
How closely do SFL Corporation Ltd (SFL) and Tsakos Energy Navigation Ltd (TEN) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SFL and TEN?
Over the past 3 years, SFL and TEN moved with a correlation of 0.66, which is strong. Recent behaviour matches the longer record: 0.67 over 1 year against 0.66 over 3. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 680.5 %².
In SFL's tracked universe of 12 assets, TEN sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months TEN outperformed by 42.8 percentage points (+55.4% for SFL against +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.
SFL vs TEN: side by side
| SFL (SFL Corporation Ltd) | TEN (Tsakos Energy Navigation Ltd) | |
|---|---|---|
| 1-year return | +55.4% | +98.2% |
| 5-year return | +130.7% | +584.9% |
| Volatility (ann.) | 28.0% | 36.7% |
| Beta vs S&P 500 | 0.53 | 0.66 |
| Max drawdown (3Y) | -46.4% | -52.6% |
| Market cap | $1.7B | $1.3B |
| P/E (trailing) | 25.2 | 6.6 |
| Dividend yield | 3.33% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SFL | TEN |
|---|---|---|
| 2022 | +23.5% | +138.5% |
| 2023 | +34.5% | +38.1% |
| 2024 | -0.8% | -16.0% |
| 2025 | -18.6% | +33.1% |
| 2026 | +64.2% | +92.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SFL and TEN good diversifiers for each other?
To a limited degree. At 0.66 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 SFL and TEN?
As of 2026-08-27, the correlation of weekly returns between SFL and TEN is 0.66 over 3 years, 0.67 over 1 year and 0.54 over 5 years.
Is TEN a good diversifier for SFL?
To a limited degree. At 0.66 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 0.66 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/sfl-vs-ten.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sfl-vs-ten/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SFL correlations · TEN correlations
