EOG vs IDR: Correlation
Measured on weekly returns over the past three years, EOG Resources (EOG) and Idaho Strategic Resources, Inc. (IDR) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOG and IDR?
Over the past 3 years, EOG and IDR moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.53) runs below the 3-year figure (-0.25). Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -519.6 %².
Out of 40 assets tracked against EOG, IDR lands near the bottom at #40. Their 12-month results are close: +21.7% for EOG against +26.3% for IDR. Note the risk asymmetry: IDR runs 2.6 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 IDR: side by side
| EOG (EOG Resources) | IDR (Idaho Strategic Resources, Inc.) | |
|---|---|---|
| 1-year return | +21.7% | +26.3% |
| 5-year return | +171.5% | +702.8% |
| Volatility (ann.) | 28.1% | 73.6% |
| Beta vs S&P 500 | 0.14 | 0.68 |
| Max drawdown (3Y) | -23.7% | -50.0% |
| Market cap | $75.8B | $0.5B |
| P/E (trailing) | 11.3 | 22.6 |
| Dividend yield | 2.82% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | EOG | IDR |
|---|---|---|
| 2022 | +56.9% | -23.4% |
| 2023 | -2.0% | +11.1% |
| 2024 | +4.3% | +61.0% |
| 2025 | -11.4% | +295.5% |
| 2026 | +41.0% | -16.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOG and IDR good diversifiers for each other?
Yes. With a correlation of -0.25, EOG and IDR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EOG and IDR?
The EOG/IDR correlation stands at -0.25 on a 3-year window (1 year: -0.53, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is IDR a good diversifier for EOG?
Yes. With a correlation of -0.25, EOG and IDR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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-idr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eog-vs-idr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EOG correlations · IDR correlations
