BP vs RKT: Correlation
BP p.l.c. (BP) and Rocket Companies, Inc. (RKT) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BP and RKT?
On 3 years of weekly data the BP/RKT correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.49 versus -0.28 over 3 years. The 5-year figure is -0.13, and annualized covariance runs at -415.9 %².
Out of 26 assets tracked against BP, RKT lands near the bottom at #24. Their recent paths diverged sharply: over the last 12 months BP outperformed by 48.8 percentage points (+27.6% for BP against -21.2% for RKT). Risk is not evenly split, since RKT carries 2.1 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.
BP vs RKT: side by side
| BP (BP p.l.c.) | RKT (Rocket Companies, Inc.) | |
|---|---|---|
| 1-year return | +27.6% | -21.2% |
| 5-year return | +119.9% | -7.5% |
| Volatility (ann.) | 26.6% | 55.4% |
| Beta vs S&P 500 | 0.06 | 1.02 |
| Max drawdown (3Y) | -30.6% | -50.6% |
| Market cap | $109.0B | $40.3B |
| P/E (trailing) | 20.3 | – |
| Dividend yield | 0.79% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BP | RKT |
|---|---|---|
| 2022 | +37.0% | -46.2% |
| 2023 | +6.0% | +106.9% |
| 2024 | -11.8% | -22.2% |
| 2025 | +24.5% | +81.7% |
| 2026 | +26.4% | -26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BP and RKT good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between BP and RKT?
The BP/RKT correlation stands at -0.28 on a 3-year window (1 year: -0.49, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is RKT a good diversifier for BP?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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-rkt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bp-vs-rkt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BP correlations · RKT correlations
