SIEB vs STNG: Correlation
Measured on weekly returns over the past three years, Siebert Financial Corp. (SIEB) and Scorpio Tankers Inc. (STNG) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SIEB and STNG?
Across a 3-year window, the weekly returns of SIEB and STNG correlate at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.30 lands near the 3-year figure. Stretching to 5 years gives -0.10, with an annualized covariance of -458.4 %².
STNG is close to the least connected end of SIEB's tracked universe, ranking #10 of 14. The last year tells two different stories: STNG led by 86.9 percentage points, -28.6% for SIEB against +58.3% for STNG. Risk is not evenly split, since SIEB carries 1.5 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.
SIEB vs STNG: side by side
| SIEB (Siebert Financial Corp.) | STNG (Scorpio Tankers Inc.) | |
|---|---|---|
| 1-year return | -28.6% | +58.3% |
| 5-year return | -48.4% | +454.0% |
| Volatility (ann.) | 56.9% | 36.8% |
| Beta vs S&P 500 | 0.90 | 0.42 |
| Max drawdown (3Y) | -70.6% | -61.0% |
| Market cap | $0.1B | $3.9B |
| P/E (trailing) | – | 4.7 |
| Dividend yield | 0.00% | 2.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SIEB | STNG |
|---|---|---|
| 2022 | -41.4% | +325.5% |
| 2023 | +23.5% | +15.4% |
| 2024 | +88.1% | -16.3% |
| 2025 | +11.1% | +5.3% |
| 2026 | -43.9% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SIEB and STNG good diversifiers for each other?
Yes. With a correlation of -0.22, SIEB and STNG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SIEB and STNG?
The SIEB/STNG correlation stands at -0.22 on a 3-year window (1 year: -0.30, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is STNG a good diversifier for SIEB?
Yes. With a correlation of -0.22, SIEB and STNG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/sieb-vs-stng.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sieb-vs-stng/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SIEB correlations · STNG correlations
