BLNE vs COP: Correlation
Beeline Holdings, Inc. (BLNE) and ConocoPhillips (COP) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLNE and COP?
Over the past 3 years, BLNE and COP moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -896.9 %².
Within BLNE's tracked universe of 19 assets, COP comes in at #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months COP outperformed by 72.7 percentage points (-36.2% for BLNE against +36.5% for COP). Risk is not evenly split, since BLNE carries 4.7 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.
BLNE vs COP: side by side
| BLNE (Beeline Holdings, Inc.) | COP (ConocoPhillips) | |
|---|---|---|
| 1-year return | -36.2% | +36.5% |
| 5-year return | -99.8% | +175.2% |
| Volatility (ann.) | 136.3% | 29.1% |
| Beta vs S&P 500 | 0.59 | 0.25 |
| Max drawdown (3Y) | -96.7% | -36.3% |
| Market cap | – | $155.6B |
| P/E (trailing) | – | 17.3 |
| Dividend yield | 0.00% | 2.53% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | BLNE | COP |
|---|---|---|
| 2022 | -87.2% | +71.7% |
| 2023 | -71.8% | +2.0% |
| 2024 | -25.3% | -12.2% |
| 2025 | -82.1% | -2.3% |
| 2026 | -42.8% | +41.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLNE and COP good diversifiers for each other?
Yes. With a correlation of -0.23, BLNE and COP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BLNE and COP?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.26 over the last year and -0.14 over 5 years.
Is COP a good diversifier for BLNE?
Yes. With a correlation of -0.23, BLNE and COP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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-cop.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/blne-vs-cop/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BLNE correlations · COP correlations
