EOG vs MKZR: Correlation
Measured on weekly returns over the past three years, EOG Resources (EOG) and MacKenzie Realty Capital, Inc. (MKZR) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOG and MKZR?
Over the past 3 years, EOG and MKZR moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.32 over 1 year against -0.24 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -658.9 %².
Among the 40 assets we track against EOG, MKZR sits near the bottom by co-movement, at rank #37. Correlation aside, the last 12 months split them widely, with EOG ahead by 97.4 points (+21.7% versus -75.7%). Risk is not evenly split, since MKZR carries 3.3 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 MKZR: side by side
| EOG (EOG Resources) | MKZR (MacKenzie Realty Capital, Inc.) | |
|---|---|---|
| 1-year return | +21.7% | -75.7% |
| 5-year return | +171.5% | n/a |
| Volatility (ann.) | 28.1% | 91.6% |
| Beta vs S&P 500 | 0.14 | 0.74 |
| Max drawdown (3Y) | -23.7% | -97.8% |
| 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 | MKZR |
|---|---|---|
| 2022 | +56.9% | – |
| 2023 | -2.0% | – |
| 2024 | +4.3% | – |
| 2025 | -11.4% | -86.7% |
| 2026 | +41.0% | -63.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOG and MKZR good diversifiers for each other?
Yes. With a correlation of -0.24, EOG and MKZR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EOG and MKZR?
As of 2026-08-27, the correlation of weekly returns between EOG and MKZR is -0.24 over 3 years, -0.32 over 1 year and n/a over 5 years.
Is MKZR a good diversifier for EOG?
Yes. With a correlation of -0.24, EOG and MKZR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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.
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Related comparisons
Hubs: EOG correlations · MKZR correlations
