BLNE vs CHRD: Correlation
How closely do Beeline Holdings, Inc. (BLNE) and Chord Energy Corporation (CHRD) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLNE and CHRD?
On 3 years of weekly data the BLNE/CHRD correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.31 over 1 year against -0.23 over 3. The 5-year figure is -0.12, and annualized covariance runs at -1117.0 %².
By 3-year correlation, CHRD places #13 of the 19 assets tracked against BLNE. Correlation aside, the last 12 months split them widely, with CHRD ahead by 76.8 points (-36.2% versus +40.6%). Note the risk asymmetry: BLNE runs 3.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BLNE vs CHRD: side by side
| BLNE (Beeline Holdings, Inc.) | CHRD (Chord Energy Corporation) | |
|---|---|---|
| 1-year return | -36.2% | +40.6% |
| 5-year return | -99.8% | +164.0% |
| Volatility (ann.) | 136.3% | 35.4% |
| Beta vs S&P 500 | 0.59 | 0.34 |
| Max drawdown (3Y) | -96.7% | -53.9% |
| Market cap | – | $8.0B |
| P/E (trailing) | – | 9.5 |
| Dividend yield | 0.00% | 3.71% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLNE | CHRD |
|---|---|---|
| 2022 | -87.2% | +34.1% |
| 2023 | -71.8% | +31.7% |
| 2024 | -25.3% | -25.0% |
| 2025 | -82.1% | -16.4% |
| 2026 | -42.8% | +62.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLNE and CHRD good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between BLNE and CHRD?
The BLNE/CHRD correlation stands at -0.23 on a 3-year window (1 year: -0.31, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is CHRD a good diversifier for BLNE?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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/blne-vs-chrd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/blne-vs-chrd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BLNE correlations · CHRD correlations
