COP vs SURG: Correlation
Measured on weekly returns over the past three years, ConocoPhillips (COP) and SurgePays, Inc. (SURG) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COP and SURG?
Over the past 3 years, COP and SURG moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.34 over 1 year against -0.28 over 3. Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -763.4 %².
SURG is close to the least connected end of COP's tracked universe, ranking #40 of 40. Correlation aside, the last 12 months split them widely, with COP ahead by 129.6 points (+36.5% versus -93.1%). Risk is not evenly split, since SURG carries 3.2 times the volatility of the other side.
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 SURG: side by side
| COP (ConocoPhillips) | SURG (SurgePays, Inc.) | |
|---|---|---|
| 1-year return | +36.5% | -93.1% |
| 5-year return | +175.2% | -96.6% |
| Volatility (ann.) | 29.1% | 93.9% |
| Beta vs S&P 500 | 0.25 | 1.13 |
| Max drawdown (3Y) | -36.3% | -98.1% |
| Market cap | $155.6B | – |
| P/E (trailing) | 17.3 | – |
| Dividend yield | 2.53% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | COP | SURG |
|---|---|---|
| 2022 | +71.7% | +224.8% |
| 2023 | +2.0% | -1.7% |
| 2024 | -12.2% | -72.4% |
| 2025 | -2.3% | -6.2% |
| 2026 | +41.4% | -89.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COP and SURG good diversifiers for each other?
Yes. With a correlation of -0.28, COP and SURG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between COP and SURG?
The COP/SURG correlation stands at -0.28 on a 3-year window (1 year: -0.34, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is SURG a good diversifier for COP?
Yes. With a correlation of -0.28, COP and SURG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cop-vs-surg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cop-vs-surg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COP correlations · SURG correlations
