COP vs PRGS: Correlation
Measured on weekly returns over the past three years, ConocoPhillips (COP) and Progress Software Corporation (PRGS) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COP and PRGS?
On 3 years of weekly data the COP/PRGS correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. The 5-year figure is -0.08, and annualized covariance runs at -242.7 %².
By 3-year correlation, PRGS places #34 of the 40 assets tracked against COP. Correlation aside, the last 12 months split them widely, with COP ahead by 40.0 points (+36.5% versus -3.5%).
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.
COP vs PRGS: side by side
| COP (ConocoPhillips) | PRGS (Progress Software Corporation) | |
|---|---|---|
| 1-year return | +36.5% | -3.5% |
| 5-year return | +175.2% | +1.2% |
| Volatility (ann.) | 29.1% | 38.3% |
| Beta vs S&P 500 | 0.25 | 0.62 |
| Max drawdown (3Y) | -36.3% | -64.1% |
| Market cap | $155.6B | $1.9B |
| P/E (trailing) | 17.3 | 22.0 |
| Dividend yield | 2.53% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | COP | PRGS |
|---|---|---|
| 2022 | +71.7% | +6.0% |
| 2023 | +2.0% | +8.9% |
| 2024 | -12.2% | +21.2% |
| 2025 | -2.3% | -34.1% |
| 2026 | +41.4% | +5.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COP and PRGS good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between COP and PRGS?
The COP/PRGS correlation stands at -0.22 on a 3-year window (1 year: -0.31, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is PRGS a good diversifier for COP?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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/cop-vs-prgs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cop-vs-prgs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COP correlations · PRGS correlations
