BLNE vs EOG: Correlation
How closely do Beeline Holdings, Inc. (BLNE) and EOG Resources (EOG) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLNE and EOG?
Across a 3-year window, the weekly returns of BLNE and EOG correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. Stretching to 5 years gives -0.07, with an annualized covariance of -810.6 %².
By 3-year correlation, EOG places #10 of the 19 assets tracked against BLNE. The last year tells two different stories: EOG led by 57.9 percentage points, -36.2% for BLNE against +21.7% for EOG. Risk is not evenly split, since BLNE carries 4.9 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 EOG: side by side
| BLNE (Beeline Holdings, Inc.) | EOG (EOG Resources) | |
|---|---|---|
| 1-year return | -36.2% | +21.7% |
| 5-year return | -99.8% | +171.5% |
| Volatility (ann.) | 136.3% | 28.1% |
| Beta vs S&P 500 | 0.59 | 0.14 |
| Max drawdown (3Y) | -96.7% | -23.7% |
| Market cap | – | $75.8B |
| P/E (trailing) | – | 11.3 |
| Dividend yield | 0.00% | 2.82% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | BLNE | EOG |
|---|---|---|
| 2022 | -87.2% | +56.9% |
| 2023 | -71.8% | -2.0% |
| 2024 | -25.3% | +4.3% |
| 2025 | -82.1% | -11.4% |
| 2026 | -42.8% | +41.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLNE and EOG good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BLNE and EOG?
As of 2026-08-27, the correlation of weekly returns between BLNE and EOG is -0.21 over 3 years, -0.31 over 1 year and -0.07 over 5 years.
Is EOG a good diversifier for BLNE?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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
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Related comparisons
Hubs: BLNE correlations · EOG correlations
