TEN vs TNK: Correlation
How closely do Tsakos Energy Navigation Ltd (TEN) and Teekay Tankers Ltd. (TNK) trade together? Their weekly returns over three years give a correlation of 0.82, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TEN and TNK?
Over the past 3 years, TEN and TNK moved with a correlation of 0.82, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.79) sits close to the 3-year figure. Over 5 years the correlation is 0.74, and the annualized covariance of weekly returns is 1152.9 %².
TNK is one of the assets that tracks TEN most closely: it ranks #2 out of the 22 assets we track against TEN. On 12-month performance TEN holds a 10.9-point edge, +98.2% against +87.3%.
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 TNK: side by side
| TEN (Tsakos Energy Navigation Ltd) | TNK (Teekay Tankers Ltd.) | |
|---|---|---|
| 1-year return | +98.2% | +87.3% |
| 5-year return | +584.9% | +813.1% |
| Volatility (ann.) | 36.7% | 38.5% |
| Beta vs S&P 500 | 0.66 | 0.51 |
| Max drawdown (3Y) | -52.6% | -52.4% |
| Market cap | $1.3B | $3.1B |
| P/E (trailing) | 6.6 | 4.9 |
| Dividend yield | 0.00% | 1.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TEN | TNK |
|---|---|---|
| 2022 | +138.5% | +182.7% |
| 2023 | +38.1% | +69.2% |
| 2024 | -16.0% | -16.6% |
| 2025 | +33.1% | +39.6% |
| 2026 | +92.6% | +68.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TEN and TNK good diversifiers for each other?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between TEN and TNK?
Using weekly returns as of 2026-08-27: 0.82 over 3 years, with 0.79 over the last year and 0.74 over 5 years.
Is TNK a good diversifier for TEN?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.82 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/ten-vs-tnk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ten-vs-tnk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TEN correlations · TNK correlations
