BLNE vs XOM: Correlation
How closely do Beeline Holdings, Inc. (BLNE) and ExxonMobil (XOM) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLNE and XOM?
Across a 3-year window, the weekly returns of BLNE and XOM correlate at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. Stretching to 5 years gives -0.11, with an annualized covariance of -806.1 %².
Among the 19 assets we track against BLNE, XOM sits near the bottom by co-movement, at rank #16. The last year tells two different stories: XOM led by 79.0 percentage points, -36.2% for BLNE against +42.8% for XOM. Note the risk asymmetry: BLNE runs 5.6 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 XOM: side by side
| BLNE (Beeline Holdings, Inc.) | XOM (ExxonMobil) | |
|---|---|---|
| 1-year return | -36.2% | +42.8% |
| 5-year return | -99.8% | +237.9% |
| Volatility (ann.) | 136.3% | 24.3% |
| Beta vs S&P 500 | 0.59 | 0.01 |
| Max drawdown (3Y) | -96.7% | -20.1% |
| Market cap | – | $643.3B |
| P/E (trailing) | – | 20.1 |
| Dividend yield | 0.00% | 2.58% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | BLNE | XOM |
|---|---|---|
| 2022 | -87.2% | +87.4% |
| 2023 | -71.8% | -6.3% |
| 2024 | -25.3% | +11.3% |
| 2025 | -82.1% | +16.0% |
| 2026 | -42.8% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLNE and XOM good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between BLNE and XOM?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.25 over the last year and -0.11 over 5 years.
Is XOM a good diversifier for BLNE?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BLNE correlations · XOM correlations
