AXTA vs USO: Correlation
How closely do Axalta Coating Systems Ltd. (AXTA) and United States Oil Fund (USO) trade together? Their weekly returns over three years give a correlation of -0.43, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXTA and USO?
Over the past 3 years, AXTA and USO moved with a correlation of -0.43, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.63) than the 3-year average (-0.43). Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -510.4 %².
Out of 17 assets tracked against AXTA, USO lands near the bottom at #15. The last year tells two different stories: USO led by 57.5 percentage points, +16.6% for AXTA against +74.1% for USO.
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.
AXTA vs USO: side by side
| AXTA (Axalta Coating Systems Ltd.) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | +16.6% | +74.1% |
| 5-year return | +18.4% | +168.6% |
| Volatility (ann.) | 29.8% | 39.4% |
| Beta vs S&P 500 | 1.01 | -0.20 |
| Max drawdown (3Y) | -38.4% | -32.5% |
| Market cap | $7.9B | – |
| P/E (trailing) | 22.5 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Commodities |
Year-by-year returns
| Year | AXTA | USO |
|---|---|---|
| 2022 | -23.1% | +29.0% |
| 2023 | +33.4% | -4.9% |
| 2024 | +0.7% | +13.4% |
| 2025 | -5.6% | -8.5% |
| 2026 | +13.6% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXTA and USO good diversifiers for each other?
Yes: at -0.43, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AXTA and USO?
As of 2026-08-27, the correlation of weekly returns between AXTA and USO is -0.43 over 3 years, -0.63 over 1 year and -0.22 over 5 years.
Is USO a good diversifier for AXTA?
Yes: at -0.43, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.43 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/axta-vs-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axta-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AXTA correlations · USO correlations
