BGR vs E: Correlation
Measured on weekly returns over the past three years, BlackRock Energy and Resources Trust (BGR) and ENI S.p.A. (E) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGR and E?
Across a 3-year window, the weekly returns of BGR and E correlate at 0.69, strong. Little has changed lately, as the 1-year reading of 0.66 lands near the 3-year figure. Stretching to 5 years gives 0.70, with an annualized covariance of 306.4 %².
By 3-year correlation, E places #8 of the 19 assets tracked against BGR. Their recent paths diverged sharply: over the last 12 months E outperformed by 18.0 percentage points (+35.3% for BGR against +53.3% for E).
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.
BGR vs E: side by side
| BGR (BlackRock Energy and Resources Trust) | E (ENI S.p.A.) | |
|---|---|---|
| 1-year return | +35.3% | +53.3% |
| 5-year return | +165.0% | +193.3% |
| Volatility (ann.) | 19.7% | 22.4% |
| Beta vs S&P 500 | 0.21 | 0.04 |
| Max drawdown (3Y) | -18.3% | -20.1% |
| Market cap | $0.4B | $76.7B |
| P/E (trailing) | 10.8 | 11.9 |
| Dividend yield | 6.86% | 0.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGR | E |
|---|---|---|
| 2022 | +38.9% | +10.9% |
| 2023 | +5.8% | +26.7% |
| 2024 | +8.1% | -14.0% |
| 2025 | +17.3% | +43.8% |
| 2026 | +30.7% | +43.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGR and E good diversifiers for each other?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BGR and E?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.66 over the last year and 0.70 over 5 years.
Is E a good diversifier for BGR?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.69 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/bgr-vs-e.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bgr-vs-e/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BGR correlations · E correlations
