CHRD vs DOW: Correlation
Chord Energy Corporation (CHRD) and Dow Inc. (DOW) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRD and DOW?
Across a 3-year window, the weekly returns of CHRD and DOW correlate at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Stretching to 5 years gives 0.51, with an annualized covariance of 707.0 %².
Among the 38 assets we track against CHRD, DOW ranks #32 by 3-year correlation. On 12-month performance CHRD holds a 11.6-point edge, +40.6% against +29.0%.
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.
CHRD vs DOW: side by side
| CHRD (Chord Energy Corporation) | DOW (Dow Inc.) | |
|---|---|---|
| 1-year return | +40.6% | +29.0% |
| 5-year return | +164.0% | -38.4% |
| Volatility (ann.) | 35.4% | 35.2% |
| Beta vs S&P 500 | 0.34 | 0.62 |
| Max drawdown (3Y) | -53.9% | -62.2% |
| Market cap | $8.0B | $21.9B |
| P/E (trailing) | 9.5 | – |
| Dividend yield | 3.71% | 4.62% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | CHRD | DOW |
|---|---|---|
| 2022 | +34.1% | -6.6% |
| 2023 | +31.7% | +14.7% |
| 2024 | -25.0% | -22.8% |
| 2025 | -16.4% | -37.4% |
| 2026 | +62.0% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRD and DOW good diversifiers for each other?
Only partially. A correlation of 0.57 means CHRD and DOW share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CHRD and DOW?
As of 2026-08-27, the correlation of weekly returns between CHRD and DOW is 0.57 over 3 years, 0.62 over 1 year and 0.51 over 5 years.
Is DOW a good diversifier for CHRD?
Only partially. A correlation of 0.57 means CHRD and DOW share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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.
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Related comparisons
Hubs: CHRD correlations · DOW correlations
