STNG vs TNK: Correlation
How closely do Scorpio Tankers Inc. (STNG) and Teekay Tankers Ltd. (TNK) trade together? Their weekly returns over three years give a correlation of 0.79, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STNG and TNK?
Across a 3-year window, the weekly returns of STNG and TNK correlate at 0.79, strong. Recent behaviour matches the longer record: 0.79 over 1 year against 0.79 over 3. Stretching to 5 years gives 0.72, with an annualized covariance of 1113.9 %².
Few assets follow STNG as closely as TNK, which ranks #3 of 13 tracked partners. The last year tells two different stories: TNK led by 29.0 percentage points, +58.3% for STNG against +87.3% for TNK.
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 TNK: side by side
| STNG (Scorpio Tankers Inc.) | TNK (Teekay Tankers Ltd.) | |
|---|---|---|
| 1-year return | +58.3% | +87.3% |
| 5-year return | +454.0% | +813.1% |
| Volatility (ann.) | 36.8% | 38.5% |
| Beta vs S&P 500 | 0.42 | 0.51 |
| Max drawdown (3Y) | -61.0% | -52.4% |
| Market cap | $3.9B | $3.1B |
| P/E (trailing) | 4.7 | 4.9 |
| Dividend yield | 2.30% | 1.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | STNG | TNK |
|---|---|---|
| 2022 | +325.5% | +182.7% |
| 2023 | +15.4% | +69.2% |
| 2024 | -16.3% | -16.6% |
| 2025 | +5.3% | +39.6% |
| 2026 | +55.0% | +68.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STNG and TNK good diversifiers for each other?
Only partially. A correlation of 0.79 means STNG and TNK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between STNG and TNK?
As of 2026-08-27, the correlation of weekly returns between STNG and TNK is 0.79 over 3 years, 0.79 over 1 year and 0.72 over 5 years.
Is TNK a good diversifier for STNG?
Only partially. A correlation of 0.79 means STNG and TNK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.79 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/stng-vs-tnk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/stng-vs-tnk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: STNG correlations · TNK correlations
