BGR vs EOG: Correlation
Measured on weekly returns over the past three years, BlackRock Energy and Resources Trust (BGR) and EOG Resources (EOG) carry a correlation of 0.79, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGR and EOG?
Over the past 3 years, BGR and EOG moved with a correlation of 0.79, which is strong. The relationship has been stable: the 1-year correlation (0.77) sits close to the 3-year figure. Over 5 years the correlation is 0.85, and the annualized covariance of weekly returns is 436.7 %².
Within BGR's tracked universe of 19 assets, EOG comes in at #4 by 3-year correlation. Over the last 12 months BGR came out ahead by 13.6 percentage points (+35.3% against +21.7%).
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 EOG: side by side
| BGR (BlackRock Energy and Resources Trust) | EOG (EOG Resources) | |
|---|---|---|
| 1-year return | +35.3% | +21.7% |
| 5-year return | +165.0% | +171.5% |
| Volatility (ann.) | 19.7% | 28.1% |
| Beta vs S&P 500 | 0.21 | 0.14 |
| Max drawdown (3Y) | -18.3% | -23.7% |
| Market cap | $0.4B | $75.8B |
| P/E (trailing) | 10.8 | 11.3 |
| Dividend yield | 6.86% | 2.82% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | BGR | EOG |
|---|---|---|
| 2022 | +38.9% | +56.9% |
| 2023 | +5.8% | -2.0% |
| 2024 | +8.1% | +4.3% |
| 2025 | +17.3% | -11.4% |
| 2026 | +30.7% | +41.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGR and EOG good diversifiers for each other?
To a limited degree. At 0.79 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 EOG?
The BGR/EOG correlation stands at 0.79 on a 3-year window (1 year: 0.77, 5 years: 0.85), computed from weekly returns as of 2026-08-27.
Is EOG a good diversifier for BGR?
To a limited degree. At 0.79 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 0.79 mean?
A reading of 0.79 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/bgr-vs-eog.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bgr-vs-eog/)
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Related comparisons
Hubs: BGR correlations · EOG correlations
