BATL vs PG: Correlation
Measured on weekly returns over the past three years, Battalion Oil Corporation (BATL) and Procter & Gamble (PG) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BATL and PG?
On 3 years of weekly data the BATL/PG correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.32) runs below the 3-year figure (-0.21). The 5-year figure is -0.15, and annualized covariance runs at -818.6 %².
Among the 44 assets we track against BATL, PG ranks #28 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BATL ahead by 18.8 points (+12.7% versus -6.1%). Note the risk asymmetry: BATL runs 16.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BATL vs PG: side by side
| BATL (Battalion Oil Corporation) | PG (Procter & Gamble) | |
|---|---|---|
| 1-year return | +12.7% | -6.1% |
| 5-year return | -87.1% | +13.9% |
| Volatility (ann.) | 252.0% | 15.3% |
| Beta vs S&P 500 | -0.19 | 0.19 |
| Max drawdown (3Y) | -95.8% | -21.2% |
| Market cap | $0.1B | $332.7B |
| P/E (trailing) | – | 21.9 |
| Dividend yield | 0.00% | 2.94% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | BATL | PG |
|---|---|---|
| 2022 | -0.9% | -5.0% |
| 2023 | -1.0% | -0.9% |
| 2024 | -82.1% | +17.3% |
| 2025 | -34.3% | -12.3% |
| 2026 | +17.7% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BATL and PG good diversifiers for each other?
Yes. With a correlation of -0.21, BATL and PG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BATL and PG?
As of 2026-08-27, the correlation of weekly returns between BATL and PG is -0.21 over 3 years, -0.32 over 1 year and -0.15 over 5 years.
Is PG a good diversifier for BATL?
Yes. With a correlation of -0.21, BATL and PG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Hubs: BATL correlations · PG correlations
