APA vs EGY: Correlation
How closely do APA Corporation (APA) and VAALCO Energy, Inc. (EGY) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APA and EGY?
Over the past 3 years, APA and EGY moved with a correlation of 0.62, which is strong. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 1251.2 %².
Within APA's tracked universe of 43 assets, EGY comes in at #23 by 3-year correlation. The last year tells two different stories: APA led by 37.1 percentage points, +94.1% for APA against +57.0% for EGY.
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.
APA vs EGY: side by side
| APA (APA Corporation) | EGY (VAALCO Energy, Inc.) | |
|---|---|---|
| 1-year return | +94.1% | +57.0% |
| 5-year return | +164.2% | +195.9% |
| Volatility (ann.) | 41.8% | 47.9% |
| Beta vs S&P 500 | 0.38 | 0.50 |
| Max drawdown (3Y) | -67.4% | -56.5% |
| Market cap | $14.8B | $0.6B |
| P/E (trailing) | 8.7 | – |
| Dividend yield | 2.43% | 4.39% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | APA | EGY |
|---|---|---|
| 2022 | +76.4% | +45.5% |
| 2023 | -21.2% | +4.4% |
| 2024 | -33.4% | +2.0% |
| 2025 | +11.5% | -10.7% |
| 2026 | +77.3% | +64.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APA and EGY good diversifiers for each other?
Only partially. A correlation of 0.62 means APA and EGY 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 APA and EGY?
The APA/EGY correlation stands at 0.62 on a 3-year window (1 year: 0.58, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is EGY a good diversifier for APA?
Only partially. A correlation of 0.62 means APA and EGY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
A reading of 0.62 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/apa-vs-egy.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/apa-vs-egy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APA correlations · EGY correlations
