EOG vs FEIM: Correlation
EOG Resources (EOG) and Frequency Electronics, Inc. (FEIM) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOG and FEIM?
Across a 3-year window, the weekly returns of EOG and FEIM correlate at -0.23, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.43) runs below the 3-year figure (-0.23). Stretching to 5 years gives -0.11, with an annualized covariance of -455.4 %².
FEIM is close to the least connected end of EOG's tracked universe, ranking #36 of 40. Correlation aside, the last 12 months split them widely, with FEIM ahead by 75.3 points (+21.7% versus +97.0%). Risk is not evenly split, since FEIM carries 2.5 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.
EOG vs FEIM: side by side
| EOG (EOG Resources) | FEIM (Frequency Electronics, Inc.) | |
|---|---|---|
| 1-year return | +21.7% | +97.0% |
| 5-year return | +171.5% | +639.1% |
| Volatility (ann.) | 28.1% | 70.8% |
| Beta vs S&P 500 | 0.14 | 1.11 |
| Max drawdown (3Y) | -23.7% | -33.0% |
| Market cap | $75.8B | $0.7B |
| P/E (trailing) | 11.3 | – |
| Dividend yield | 2.82% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | EOG | FEIM |
|---|---|---|
| 2022 | +56.9% | -29.4% |
| 2023 | -2.0% | +80.9% |
| 2024 | +4.3% | +83.2% |
| 2025 | -11.4% | +190.7% |
| 2026 | +41.0% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOG and FEIM good diversifiers for each other?
Yes. With a correlation of -0.23, EOG and FEIM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EOG and FEIM?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.43 over the last year and -0.11 over 5 years.
Is FEIM a good diversifier for EOG?
Yes. With a correlation of -0.23, EOG and FEIM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/eog-vs-feim.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eog-vs-feim/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EOG correlations · FEIM correlations
