COP vs RECT: Correlation
ConocoPhillips (COP) and Rectitude Holdings Ltd (RECT) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COP and RECT?
On 3 years of weekly data the COP/RECT correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -444.6 %².
By 3-year correlation, RECT places #35 of the 40 assets tracked against COP. Their recent paths diverged sharply: over the last 12 months COP outperformed by 108.6 percentage points (+36.5% for COP against -72.1% for RECT). Note the risk asymmetry: RECT runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 RECT: side by side
| COP (ConocoPhillips) | RECT (Rectitude Holdings Ltd) | |
|---|---|---|
| 1-year return | +36.5% | -72.1% |
| 5-year return | +175.2% | n/a |
| Volatility (ann.) | 29.1% | 65.0% |
| Beta vs S&P 500 | 0.25 | 0.67 |
| Max drawdown (3Y) | -36.3% | -85.4% |
| Market cap | $155.6B | – |
| P/E (trailing) | 17.3 | 6.4 |
| Dividend yield | 2.53% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | COP | RECT |
|---|---|---|
| 2022 | +71.7% | – |
| 2023 | +2.0% | – |
| 2024 | -12.2% | – |
| 2025 | -2.3% | -74.1% |
| 2026 | +41.4% | -27.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COP and RECT 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 RECT?
As of 2026-08-27, the correlation of weekly returns between COP and RECT is -0.22 over 3 years, -0.25 over 1 year and n/a over 5 years.
Is RECT 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?
A reading of -0.22 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/cop-vs-rect.json
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Related comparisons
Hubs: COP correlations · RECT correlations
