EGY vs PEO: Correlation
VAALCO Energy, Inc. (EGY) and Adams Natural Resources Fund, Inc. (PEO) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGY and PEO?
On 3 years of weekly data the EGY/PEO correlation comes out at 0.63, strong. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. The 5-year figure is 0.68, and annualized covariance runs at 614.1 %².
Few assets follow EGY as closely as PEO, which ranks #3 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months EGY outperformed by 15.4 percentage points (+57.0% for EGY against +41.6% for PEO). Note the risk asymmetry: EGY runs 2.4 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.
EGY vs PEO: side by side
| EGY (VAALCO Energy, Inc.) | PEO (Adams Natural Resources Fund, Inc.) | |
|---|---|---|
| 1-year return | +57.0% | +41.6% |
| 5-year return | +195.9% | +179.3% |
| Volatility (ann.) | 47.9% | 20.2% |
| Beta vs S&P 500 | 0.50 | 0.30 |
| Max drawdown (3Y) | -56.5% | -18.9% |
| Market cap | $0.6B | $0.8B |
| P/E (trailing) | – | 4.8 |
| Dividend yield | 4.39% | 7.09% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EGY | PEO |
|---|---|---|
| 2022 | +45.5% | +41.8% |
| 2023 | +4.4% | +0.9% |
| 2024 | +2.0% | +13.6% |
| 2025 | -10.7% | +10.0% |
| 2026 | +64.0% | +38.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGY and PEO good diversifiers for each other?
Only partially. A correlation of 0.63 means EGY and PEO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EGY and PEO?
The EGY/PEO correlation stands at 0.63 on a 3-year window (1 year: 0.61, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is PEO a good diversifier for EGY?
Only partially. A correlation of 0.63 means EGY and PEO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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/egy-vs-peo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/egy-vs-peo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EGY correlations · PEO correlations
