BP vs E: Correlation
BP p.l.c. (BP) and ENI S.p.A. (E) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BP and E?
On 3 years of weekly data the BP/E correlation comes out at 0.76, strong. The relationship has been stable: the 1-year correlation (0.85) sits close to the 3-year figure. The 5-year figure is 0.77, and annualized covariance runs at 452.9 %².
E is one of the assets that tracks BP most closely: it ranks #2 out of the 26 assets we track against BP. Their recent paths diverged sharply: over the last 12 months E outperformed by 25.7 percentage points (+27.6% for BP against +53.3% for E).
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.
BP vs E: side by side
| BP (BP p.l.c.) | E (ENI S.p.A.) | |
|---|---|---|
| 1-year return | +27.6% | +53.3% |
| 5-year return | +119.9% | +193.3% |
| Volatility (ann.) | 26.6% | 22.4% |
| Beta vs S&P 500 | 0.06 | 0.04 |
| Max drawdown (3Y) | -30.6% | -20.1% |
| Market cap | $109.0B | $76.7B |
| P/E (trailing) | 20.3 | 11.9 |
| Dividend yield | 0.79% | 0.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BP | E |
|---|---|---|
| 2022 | +37.0% | +10.9% |
| 2023 | +6.0% | +26.7% |
| 2024 | -11.8% | -14.0% |
| 2025 | +24.5% | +43.8% |
| 2026 | +26.4% | +43.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BP and E good diversifiers for each other?
To a limited degree. At 0.76 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 BP and E?
As of 2026-08-27, the correlation of weekly returns between BP and E is 0.76 over 3 years, 0.85 over 1 year and 0.77 over 5 years.
Is E a good diversifier for BP?
To a limited degree. At 0.76 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 0.76 mean?
On the −1 to +1 scale, 0.76 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
$ curl https://www.pairbook.io/api/v1/pairs/bp-vs-e.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bp-vs-e/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BP correlations · E correlations
