APA vs EPSN: Correlation
Measured on weekly returns over the past three years, APA Corporation (APA) and Epsilon Energy Ltd. (EPSN) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APA and EPSN?
Over the past 3 years, APA and EPSN moved with a correlation of 0.54, which is moderate. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 698.3 %².
Within APA's tracked universe of 43 assets, EPSN comes in at #27 by 3-year correlation. Correlation aside, the last 12 months split them widely, with APA ahead by 89.5 points (+94.1% versus +4.6%).
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 EPSN: side by side
| APA (APA Corporation) | EPSN (Epsilon Energy Ltd.) | |
|---|---|---|
| 1-year return | +94.1% | +4.6% |
| 5-year return | +164.2% | +42.0% |
| Volatility (ann.) | 41.8% | 31.1% |
| Beta vs S&P 500 | 0.38 | 0.12 |
| Max drawdown (3Y) | -67.4% | -48.1% |
| Market cap | $14.8B | $0.2B |
| P/E (trailing) | 8.7 | – |
| Dividend yield | 2.43% | 4.28% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | APA | EPSN |
|---|---|---|
| 2022 | +76.4% | +21.4% |
| 2023 | -21.2% | -19.5% |
| 2024 | -33.4% | +28.2% |
| 2025 | +11.5% | -22.1% |
| 2026 | +77.3% | +30.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APA and EPSN good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between APA and EPSN?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.59 over the last year and 0.55 over 5 years.
Is EPSN a good diversifier for APA?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 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/apa-vs-epsn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/apa-vs-epsn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APA correlations · EPSN correlations
