STNG vs TEN: Correlation
Measured on weekly returns over the past three years, Scorpio Tankers Inc. (STNG) and Tsakos Energy Navigation Ltd (TEN) carry a correlation of 0.76, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STNG and TEN?
Across a 3-year window, the weekly returns of STNG and TEN correlate at 0.76, strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. Stretching to 5 years gives 0.65, with an annualized covariance of 1021.5 %².
Among the 13 assets we track against STNG, TEN ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TEN ahead by 39.9 points (+58.3% versus +98.2%).
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.
STNG vs TEN: side by side
| STNG (Scorpio Tankers Inc.) | TEN (Tsakos Energy Navigation Ltd) | |
|---|---|---|
| 1-year return | +58.3% | +98.2% |
| 5-year return | +454.0% | +584.9% |
| Volatility (ann.) | 36.8% | 36.7% |
| Beta vs S&P 500 | 0.42 | 0.66 |
| Max drawdown (3Y) | -61.0% | -52.6% |
| Market cap | $3.9B | $1.3B |
| P/E (trailing) | 4.7 | 6.6 |
| Dividend yield | 2.30% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | STNG | TEN |
|---|---|---|
| 2022 | +325.5% | +138.5% |
| 2023 | +15.4% | +38.1% |
| 2024 | -16.3% | -16.0% |
| 2025 | +5.3% | +33.1% |
| 2026 | +55.0% | +92.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STNG and TEN good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between STNG and TEN?
The STNG/TEN correlation stands at 0.76 on a 3-year window (1 year: 0.68, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is TEN a good diversifier for STNG?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.76 mean?
A reading of 0.76 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/stng-vs-ten.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/stng-vs-ten/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: STNG correlations · TEN correlations
