ATR vs USO: Correlation
AptarGroup, Inc. (ATR) and United States Oil Fund (USO) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATR and USO?
On 3 years of weekly data the ATR/USO correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.41) than the 3-year average (-0.26). The 5-year figure is -0.10, and annualized covariance runs at -211.2 %².
Out of 19 assets tracked against ATR, USO lands near the bottom at #17. Their recent paths diverged sharply: over the last 12 months USO outperformed by 77.4 percentage points (-3.3% for ATR against +74.1% for USO). One caveat on sizing: USO is 1.9 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.
ATR vs USO: side by side
| ATR (AptarGroup, Inc.) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | -3.3% | +74.1% |
| 5-year return | +4.9% | +168.6% |
| Volatility (ann.) | 21.0% | 39.4% |
| Beta vs S&P 500 | 0.53 | -0.20 |
| Max drawdown (3Y) | -35.2% | -32.5% |
| Market cap | $8.4B | – |
| P/E (trailing) | 24.4 | – |
| Dividend yield | 1.40% | – |
| Sector / category | US Listed | ETF · Commodities |
Year-by-year returns
| Year | ATR | USO |
|---|---|---|
| 2022 | -8.9% | +29.0% |
| 2023 | +13.9% | -4.9% |
| 2024 | +28.6% | +13.4% |
| 2025 | -21.4% | -8.5% |
| 2026 | +10.2% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATR and USO good diversifiers for each other?
Yes. With a correlation of -0.26, ATR and USO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ATR and USO?
The ATR/USO correlation stands at -0.26 on a 3-year window (1 year: -0.41, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is USO a good diversifier for ATR?
Yes. With a correlation of -0.26, ATR and USO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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/atr-vs-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atr-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATR correlations · USO correlations
