TEN vs TK: Correlation
Tsakos Energy Navigation Ltd (TEN) and Teekay Corporation Ltd. (TK) show a very strong relationship: their 3-year correlation of weekly returns is 0.80.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TEN and TK?
Over the past 3 years, TEN and TK moved with a correlation of 0.80, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.78 over 1 year against 0.80 over 3. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 1068.8 %².
By 3-year correlation, TK places #4 of the 22 assets tracked against TEN. Their recent paths diverged sharply: over the last 12 months TEN outperformed by 27.8 percentage points (+98.2% for TEN against +70.4% for TK).
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.
TEN vs TK: side by side
| TEN (Tsakos Energy Navigation Ltd) | TK (Teekay Corporation Ltd.) | |
|---|---|---|
| 1-year return | +98.2% | +70.4% |
| 5-year return | +584.9% | +508.0% |
| Volatility (ann.) | 36.7% | 36.4% |
| Beta vs S&P 500 | 0.66 | 0.60 |
| Max drawdown (3Y) | -52.6% | -32.2% |
| Market cap | $1.3B | $1.1B |
| P/E (trailing) | 6.6 | 5.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TEN | TK |
|---|---|---|
| 2022 | +138.5% | +44.6% |
| 2023 | +38.1% | +57.5% |
| 2024 | -16.0% | +11.5% |
| 2025 | +33.1% | +48.2% |
| 2026 | +92.6% | +52.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TEN and TK good diversifiers for each other?
No: a correlation of 0.80 means TEN and TK tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between TEN and TK?
Using weekly returns as of 2026-08-27: 0.80 over 3 years, with 0.78 over the last year and 0.66 over 5 years.
Is TK a good diversifier for TEN?
No: a correlation of 0.80 means TEN and TK tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.80 mean?
On the −1 to +1 scale, 0.80 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/ten-vs-tk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ten-vs-tk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TEN correlations · TK correlations
