EOG vs HYFM: Correlation
EOG Resources (EOG) and Hydrofarm Holdings Group, Inc. (HYFM) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOG and HYFM?
On 3 years of weekly data the EOG/HYFM correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.21). The 5-year figure is -0.08, and annualized covariance runs at -884.7 %².
By 3-year correlation, HYFM places #32 of the 40 assets tracked against EOG. The last year tells two different stories: EOG led by 102.2 percentage points, +21.7% for EOG against -80.5% for HYFM. Note the risk asymmetry: HYFM runs 5.3 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.
EOG vs HYFM: side by side
| EOG (EOG Resources) | HYFM (Hydrofarm Holdings Group, Inc.) | |
|---|---|---|
| 1-year return | +21.7% | -80.5% |
| 5-year return | +171.5% | -99.8% |
| Volatility (ann.) | 28.1% | 148.0% |
| Beta vs S&P 500 | 0.14 | 2.71 |
| Max drawdown (3Y) | -23.7% | -96.6% |
| Market cap | $75.8B | – |
| P/E (trailing) | 11.3 | – |
| Dividend yield | 2.82% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | EOG | HYFM |
|---|---|---|
| 2022 | +56.9% | -94.5% |
| 2023 | -2.0% | -40.8% |
| 2024 | +4.3% | -36.8% |
| 2025 | -11.4% | -74.0% |
| 2026 | +41.0% | -41.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOG and HYFM good diversifiers for each other?
Yes. With a correlation of -0.21, EOG and HYFM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EOG and HYFM?
As of 2026-08-27, the correlation of weekly returns between EOG and HYFM is -0.21 over 3 years, -0.35 over 1 year and -0.08 over 5 years.
Is HYFM a good diversifier for EOG?
Yes. With a correlation of -0.21, EOG and HYFM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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/eog-vs-hyfm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eog-vs-hyfm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EOG correlations · HYFM correlations
