BKR vs WFRD: Correlation
Baker Hughes (BKR) and Weatherford International plc (WFRD) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKR and WFRD?
On 3 years of weekly data the BKR/WFRD correlation comes out at 0.65, strong. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. The 5-year figure is 0.60, and annualized covariance runs at 970.5 %².
Within BKR's tracked universe of 30 assets, WFRD comes in at #6 by 3-year correlation. Over the last 12 months WFRD came out ahead by 5.2 percentage points (+40.9% against +46.1%).
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 WFRD: side by side
| BKR (Baker Hughes) | WFRD (Weatherford International plc) | |
|---|---|---|
| 1-year return | +40.9% | +46.1% |
| 5-year return | +205.5% | +495.5% |
| Volatility (ann.) | 32.2% | 46.3% |
| Beta vs S&P 500 | 0.61 | 1.32 |
| Max drawdown (3Y) | -28.0% | -70.6% |
| Market cap | $61.7B | $6.6B |
| P/E (trailing) | 19.9 | 17.4 |
| Dividend yield | 1.48% | 1.19% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | BKR | WFRD |
|---|---|---|
| 2022 | +26.0% | +83.7% |
| 2023 | +18.6% | +92.1% |
| 2024 | +23.1% | -26.4% |
| 2025 | +13.4% | +11.1% |
| 2026 | +37.9% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKR and WFRD good diversifiers for each other?
To a limited degree. At 0.65 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 BKR and WFRD?
As of 2026-08-27, the correlation of weekly returns between BKR and WFRD is 0.65 over 3 years, 0.62 over 1 year and 0.60 over 5 years.
Is WFRD a good diversifier for BKR?
To a limited degree. At 0.65 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 0.65 mean?
A reading of 0.65 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/bkr-vs-wfrd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bkr-vs-wfrd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BKR correlations · WFRD correlations
