ALLE vs USO: Correlation
How closely do Allegion (ALLE) and United States Oil Fund (USO) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLE and USO?
Over the past 3 years, ALLE and USO moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.43) runs below the 3-year figure (-0.27). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -258.4 %².
Out of 33 assets tracked against ALLE, USO lands near the bottom at #31. Correlation aside, the last 12 months split them widely, with USO ahead by 80.5 points (-6.4% versus +74.1%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.53 to 0.09. One caveat on sizing: USO is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ALLE vs USO: side by side
| ALLE (Allegion) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | -6.4% | +74.1% |
| 5-year return | +19.4% | +168.6% |
| Volatility (ann.) | 24.3% | 39.4% |
| Beta vs S&P 500 | 0.60 | -0.20 |
| Max drawdown (3Y) | -29.8% | -32.5% |
| Market cap | $13.6B | – |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 1.32% | – |
| Sector / category | Industrials | ETF · Commodities |
Year-by-year returns
| Year | ALLE | USO |
|---|---|---|
| 2022 | -19.3% | +29.0% |
| 2023 | +22.3% | -4.9% |
| 2024 | +4.7% | +13.4% |
| 2025 | +22.8% | -8.5% |
| 2026 | +1.1% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLE and USO good diversifiers for each other?
Yes. With a correlation of -0.27, ALLE and USO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALLE and USO?
As of 2026-08-27, the correlation of weekly returns between ALLE and USO is -0.27 over 3 years, -0.43 over 1 year and -0.11 over 5 years.
Is USO a good diversifier for ALLE?
Yes. With a correlation of -0.27, ALLE and USO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
A reading of -0.27 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/alle-vs-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alle-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALLE correlations · USO correlations
