DTI vs PEO: Correlation
How closely do Drilling Tools International Corporation (DTI) and Adams Natural Resources Fund, Inc. (PEO) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTI and PEO?
Over the past 3 years, DTI and PEO moved with a correlation of 0.45, which is moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.45 over 3. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 593.0 %².
PEO is one of the assets that tracks DTI most closely: it ranks #2 out of the 13 assets we track against DTI. The trailing year gives PEO the advantage: +30.5% versus +41.6%, a 11.1-point spread. One caveat on sizing: DTI is 3.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DTI vs PEO: side by side
| DTI (Drilling Tools International Corporation) | PEO (Adams Natural Resources Fund, Inc.) | |
|---|---|---|
| 1-year return | +30.5% | +41.6% |
| 5-year return | -74.8% | +179.3% |
| Volatility (ann.) | 65.4% | 20.2% |
| Beta vs S&P 500 | 0.96 | 0.30 |
| Max drawdown (3Y) | -75.0% | -18.9% |
| Market cap | $0.1B | $0.8B |
| P/E (trailing) | – | 4.8 |
| Dividend yield | 0.00% | 7.09% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DTI | PEO |
|---|---|---|
| 2022 | +4.0% | +41.8% |
| 2023 | -68.7% | +0.9% |
| 2024 | +2.2% | +13.6% |
| 2025 | -25.1% | +10.0% |
| 2026 | +1.2% | +38.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTI and PEO good diversifiers for each other?
Reasonably. At 0.45, DTI and PEO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DTI and PEO?
As of 2026-08-27, the correlation of weekly returns between DTI and PEO is 0.45 over 3 years, 0.43 over 1 year and 0.29 over 5 years.
Is PEO a good diversifier for DTI?
Reasonably. At 0.45, DTI and PEO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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/dti-vs-peo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dti-vs-peo/)
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Related comparisons
Hubs: DTI correlations · PEO correlations
