BP vs LOAR: Correlation
BP p.l.c. (BP) and Loar Holdings Inc. (LOAR) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BP and LOAR?
Over the past 3 years, BP and LOAR moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.49) runs below the 3-year figure (-0.31). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -427.2 %².
Among the 26 assets we track against BP, LOAR sits near the bottom by co-movement, at rank #26. Correlation aside, the last 12 months split them widely, with BP ahead by 28.0 points (+27.6% versus -0.4%). One caveat on sizing: LOAR is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 LOAR: side by side
| BP (BP p.l.c.) | LOAR (Loar Holdings Inc.) | |
|---|---|---|
| 1-year return | +27.6% | -0.4% |
| 5-year return | +119.9% | n/a |
| Volatility (ann.) | 26.6% | 49.2% |
| Beta vs S&P 500 | 0.06 | 1.21 |
| Max drawdown (3Y) | -30.6% | -46.0% |
| Market cap | $109.0B | $6.8B |
| P/E (trailing) | 20.3 | 102.9 |
| Dividend yield | 0.79% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BP | LOAR |
|---|---|---|
| 2022 | +37.0% | – |
| 2023 | +6.0% | – |
| 2024 | -11.8% | – |
| 2025 | +24.5% | -8.0% |
| 2026 | +26.4% | +7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BP and LOAR good diversifiers for each other?
Yes. With a correlation of -0.31, BP and LOAR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BP and LOAR?
As of 2026-08-27, the correlation of weekly returns between BP and LOAR is -0.31 over 3 years, -0.49 over 1 year and n/a over 5 years.
Is LOAR a good diversifier for BP?
Yes. With a correlation of -0.31, BP and LOAR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 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/bp-vs-loar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bp-vs-loar/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BP correlations · LOAR correlations
