CHRD vs USO: Correlation
Chord Energy Corporation (CHRD) and United States Oil Fund (USO) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRD and USO?
Across a 3-year window, the weekly returns of CHRD and USO correlate at 0.70, strong. Recent behaviour matches the longer record: 0.76 over 1 year against 0.70 over 3. Stretching to 5 years gives 0.68, with an annualized covariance of 970.0 %².
Among the 38 assets we track against CHRD, USO ranks #23 by 3-year correlation. The last year tells two different stories: USO led by 33.5 percentage points, +40.6% for CHRD against +74.1% for USO.
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 USO: side by side
| CHRD (Chord Energy Corporation) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | +40.6% | +74.1% |
| 5-year return | +164.0% | +168.6% |
| Volatility (ann.) | 35.4% | 39.4% |
| Beta vs S&P 500 | 0.34 | -0.20 |
| Max drawdown (3Y) | -53.9% | -32.5% |
| Market cap | $8.0B | – |
| P/E (trailing) | 9.5 | – |
| Dividend yield | 3.71% | – |
| Sector / category | US Listed | ETF · Commodities |
Year-by-year returns
| Year | CHRD | USO |
|---|---|---|
| 2022 | +34.1% | +29.0% |
| 2023 | +31.7% | -4.9% |
| 2024 | -25.0% | +13.4% |
| 2025 | -16.4% | -8.5% |
| 2026 | +62.0% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRD and USO good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CHRD and USO?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.76 over the last year and 0.68 over 5 years.
Is USO a good diversifier for CHRD?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 mean?
A reading of 0.70 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
$ curl https://www.pairbook.io/api/v1/pairs/chrd-vs-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chrd-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHRD correlations · USO correlations
