APH vs USO: Correlation
Measured on weekly returns over the past three years, Amphenol (APH) and United States Oil Fund (USO) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APH and USO?
Across a 3-year window, the weekly returns of APH and USO correlate at -0.18, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.43) than the 3-year average (-0.18). Stretching to 5 years gives -0.07, with an annualized covariance of -236.0 %².
Among the 38 assets we track against APH, USO sits near the bottom by co-movement, at rank #34. Their recent paths diverged sharply: over the last 12 months USO outperformed by 26.6 percentage points (+47.5% for APH against +74.1% for USO). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.42 to 0.37.
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 USO: side by side
| APH (Amphenol) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | +47.5% | +74.1% |
| 5-year return | +338.9% | +168.6% |
| Volatility (ann.) | 33.6% | 39.4% |
| Beta vs S&P 500 | 1.57 | -0.20 |
| Max drawdown (3Y) | -28.2% | -32.5% |
| Market cap | $199.0B | – |
| P/E (trailing) | 40.3 | – |
| Dividend yield | 0.57% | – |
| Sector / category | Information Technology | ETF · Commodities |
Year-by-year returns
| Year | APH | USO |
|---|---|---|
| 2022 | -12.0% | +29.0% |
| 2023 | +31.5% | -4.9% |
| 2024 | +41.3% | +13.4% |
| 2025 | +96.1% | -8.5% |
| 2026 | +19.8% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APH and USO good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between APH and USO?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.43 over the last year and -0.07 over 5 years.
Is USO a good diversifier for APH?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
A reading of -0.18 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-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aph-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APH correlations · USO correlations
