DAR vs PEO: Correlation
How closely do Darling Ingredients Inc. (DAR) and Adams Natural Resources Fund, Inc. (PEO) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAR and PEO?
Across a 3-year window, the weekly returns of DAR and PEO correlate at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Stretching to 5 years gives 0.47, with an annualized covariance of 368.6 %².
By 3-year correlation, PEO places #4 of the 13 assets tracked against DAR. Correlation aside, the last 12 months split them widely, with DAR ahead by 36.7 points (+78.3% versus +41.6%). Risk is not evenly split, since DAR carries 1.9 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.
DAR vs PEO: side by side
| DAR (Darling Ingredients Inc.) | PEO (Adams Natural Resources Fund, Inc.) | |
|---|---|---|
| 1-year return | +78.3% | +41.6% |
| 5-year return | -19.2% | +179.3% |
| Volatility (ann.) | 37.8% | 20.2% |
| Beta vs S&P 500 | 0.63 | 0.30 |
| Max drawdown (3Y) | -56.0% | -18.9% |
| Market cap | $9.7B | $0.8B |
| P/E (trailing) | 16.8 | 4.8 |
| Dividend yield | 0.00% | 7.09% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DAR | PEO |
|---|---|---|
| 2022 | -9.7% | +41.8% |
| 2023 | -20.4% | +0.9% |
| 2024 | -32.4% | +13.6% |
| 2025 | +6.9% | +10.0% |
| 2026 | +70.5% | +38.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAR and PEO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DAR and PEO?
As of 2026-08-27, the correlation of weekly returns between DAR and PEO is 0.48 over 3 years, 0.49 over 1 year and 0.47 over 5 years.
Is PEO a good diversifier for DAR?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/dar-vs-peo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dar-vs-peo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DAR correlations · PEO correlations
