EOG vs PBR: Correlation
Measured on weekly returns over the past three years, EOG Resources (EOG) and Petroleo Brasileiro S.A. Petrobras (PBR) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOG and PBR?
On 3 years of weekly data the EOG/PBR correlation comes out at 0.58, moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. The 5-year figure is 0.50, and annualized covariance runs at 542.2 %².
By 3-year correlation, PBR places #24 of the 40 assets tracked against EOG. Correlation aside, the last 12 months split them widely, with PBR ahead by 34.4 points (+21.7% versus +56.1%).
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 PBR: side by side
| EOG (EOG Resources) | PBR (Petroleo Brasileiro S.A. Petrobras) | |
|---|---|---|
| 1-year return | +21.7% | +56.1% |
| 5-year return | +171.5% | +417.1% |
| Volatility (ann.) | 28.1% | 32.9% |
| Beta vs S&P 500 | 0.14 | -0.08 |
| Max drawdown (3Y) | -23.7% | -26.9% |
| Market cap | $75.8B | $117.6B |
| P/E (trailing) | 11.3 | 4.5 |
| Dividend yield | 2.82% | 20.65% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | EOG | PBR |
|---|---|---|
| 2022 | +56.9% | +57.2% |
| 2023 | -2.0% | +89.2% |
| 2024 | +4.3% | -2.3% |
| 2025 | -11.4% | -1.1% |
| 2026 | +41.0% | +60.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOG and PBR good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EOG and PBR?
As of 2026-08-27, the correlation of weekly returns between EOG and PBR is 0.58 over 3 years, 0.58 over 1 year and 0.50 over 5 years.
Is PBR a good diversifier for EOG?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 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-pbr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eog-vs-pbr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EOG correlations · PBR correlations
