BGR vs XOM: Correlation
BlackRock Energy and Resources Trust (BGR) and ExxonMobil (XOM) show a strong relationship: their 3-year correlation of weekly returns is 0.79.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGR and XOM?
On 3 years of weekly data the BGR/XOM correlation comes out at 0.79, strong. The relationship has been stable: the 1-year correlation (0.75) sits close to the 3-year figure. The 5-year figure is 0.84, and annualized covariance runs at 376.2 %².
Among the 19 assets we track against BGR, XOM ranks #5 by 3-year correlation. On 12-month performance XOM holds a 7.5-point edge, +35.3% against +42.8%.
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 XOM: side by side
| BGR (BlackRock Energy and Resources Trust) | XOM (ExxonMobil) | |
|---|---|---|
| 1-year return | +35.3% | +42.8% |
| 5-year return | +165.0% | +237.9% |
| Volatility (ann.) | 19.7% | 24.3% |
| Beta vs S&P 500 | 0.21 | 0.01 |
| Max drawdown (3Y) | -18.3% | -20.1% |
| Market cap | $0.4B | $643.3B |
| P/E (trailing) | 10.8 | 20.1 |
| Dividend yield | 6.86% | 2.58% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | BGR | XOM |
|---|---|---|
| 2022 | +38.9% | +87.4% |
| 2023 | +5.8% | -6.3% |
| 2024 | +8.1% | +11.3% |
| 2025 | +17.3% | +16.0% |
| 2026 | +30.7% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGR and XOM good diversifiers for each other?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BGR and XOM?
As of 2026-08-27, the correlation of weekly returns between BGR and XOM is 0.79 over 3 years, 0.75 over 1 year and 0.84 over 5 years.
Is XOM a good diversifier for BGR?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
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.
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Related comparisons
Hubs: BGR correlations · XOM correlations
