CHRD vs EOG: Correlation
Measured on weekly returns over the past three years, Chord Energy Corporation (CHRD) and EOG Resources (EOG) carry a correlation of 0.81, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRD and EOG?
Over the past 3 years, CHRD and EOG moved with a correlation of 0.81, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.86) sits close to the 3-year figure. Over 5 years the correlation is 0.79, and the annualized covariance of weekly returns is 808.6 %².
By 3-year correlation, EOG places #11 of the 38 assets tracked against CHRD. Correlation aside, the last 12 months split them widely, with CHRD ahead by 18.9 points (+40.6% versus +21.7%).
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 EOG: side by side
| CHRD (Chord Energy Corporation) | EOG (EOG Resources) | |
|---|---|---|
| 1-year return | +40.6% | +21.7% |
| 5-year return | +164.0% | +171.5% |
| Volatility (ann.) | 35.4% | 28.1% |
| Beta vs S&P 500 | 0.34 | 0.14 |
| Max drawdown (3Y) | -53.9% | -23.7% |
| Market cap | $8.0B | $75.8B |
| P/E (trailing) | 9.5 | 11.3 |
| Dividend yield | 3.71% | 2.82% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | CHRD | EOG |
|---|---|---|
| 2022 | +34.1% | +56.9% |
| 2023 | +31.7% | -2.0% |
| 2024 | -25.0% | +4.3% |
| 2025 | -16.4% | -11.4% |
| 2026 | +62.0% | +41.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRD and EOG good diversifiers for each other?
No. With a correlation of 0.81, CHRD and EOG move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between CHRD and EOG?
As of 2026-08-27, the correlation of weekly returns between CHRD and EOG is 0.81 over 3 years, 0.86 over 1 year and 0.79 over 5 years.
Is EOG a good diversifier for CHRD?
No. With a correlation of 0.81, CHRD and EOG move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.81 mean?
A reading of 0.81 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: CHRD correlations · EOG correlations
