BKR vs PEO: Correlation
How closely do Baker Hughes (BKR) and Adams Natural Resources Fund, Inc. (PEO) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKR and PEO?
Over the past 3 years, BKR and PEO moved with a correlation of 0.65, which is strong. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 421.8 %².
Within BKR's tracked universe of 30 assets, PEO comes in at #5 by 3-year correlation. Their 12-month results are close: +40.9% for BKR against +41.6% for PEO. Risk is not evenly split, since BKR carries 1.6 times the volatility of the other side.
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.
BKR vs PEO: side by side
| BKR (Baker Hughes) | PEO (Adams Natural Resources Fund, Inc.) | |
|---|---|---|
| 1-year return | +40.9% | +41.6% |
| 5-year return | +205.5% | +179.3% |
| Volatility (ann.) | 32.2% | 20.2% |
| Beta vs S&P 500 | 0.61 | 0.30 |
| Max drawdown (3Y) | -28.0% | -18.9% |
| Market cap | $61.7B | $0.8B |
| P/E (trailing) | 19.9 | 4.8 |
| Dividend yield | 1.48% | 7.09% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | BKR | PEO |
|---|---|---|
| 2022 | +26.0% | +41.8% |
| 2023 | +18.6% | +0.9% |
| 2024 | +23.1% | +13.6% |
| 2025 | +13.4% | +10.0% |
| 2026 | +37.9% | +38.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKR and PEO good diversifiers for each other?
Only partially. A correlation of 0.65 means BKR and PEO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BKR and PEO?
The BKR/PEO correlation stands at 0.65 on a 3-year window (1 year: 0.55, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is PEO a good diversifier for BKR?
Only partially. A correlation of 0.65 means BKR and PEO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bkr-vs-peo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bkr-vs-peo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BKR correlations · PEO correlations
