APH vs EQNR: Correlation
Measured on weekly returns over the past three years, Amphenol (APH) and Equinor ASA (EQNR) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APH and EQNR?
Across a 3-year window, the weekly returns of APH and EQNR correlate at -0.17, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.40 versus -0.17 over 3 years. Stretching to 5 years gives -0.06, with an annualized covariance of -190.9 %².
By 3-year correlation, EQNR places #31 of the 38 assets tracked against APH. Their recent paths diverged sharply: over the last 12 months EQNR outperformed by 29.7 percentage points (+47.5% for APH against +77.2% for EQNR).
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.
APH vs EQNR: side by side
| APH (Amphenol) | EQNR (Equinor ASA) | |
|---|---|---|
| 1-year return | +47.5% | +77.2% |
| 5-year return | +338.9% | +180.6% |
| Volatility (ann.) | 33.6% | 33.2% |
| Beta vs S&P 500 | 1.57 | -0.25 |
| Max drawdown (3Y) | -28.2% | -27.6% |
| Market cap | $199.0B | $98.6B |
| P/E (trailing) | 40.3 | 11.2 |
| Dividend yield | 0.57% | 3.73% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | APH | EQNR |
|---|---|---|
| 2022 | -12.0% | +42.8% |
| 2023 | +31.5% | -0.8% |
| 2024 | +41.3% | -16.0% |
| 2025 | +96.1% | +6.1% |
| 2026 | +19.8% | +81.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APH and EQNR good diversifiers for each other?
Yes. With a correlation of -0.17, APH and EQNR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between APH and EQNR?
As of 2026-08-27, the correlation of weekly returns between APH and EQNR is -0.17 over 3 years, -0.40 over 1 year and -0.06 over 5 years.
Is EQNR a good diversifier for APH?
Yes. With a correlation of -0.17, APH and EQNR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
A reading of -0.17 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/aph-vs-eqnr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aph-vs-eqnr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APH correlations · EQNR correlations
