EOG vs PED: Correlation
Measured on weekly returns over the past three years, EOG Resources (EOG) and Pedevco Corp. (PED) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOG and PED?
Across a 3-year window, the weekly returns of EOG and PED correlate at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Stretching to 5 years gives 0.55, with an annualized covariance of 772.2 %².
By 3-year correlation, PED places #26 of the 40 assets tracked against EOG. Over the last 12 months EOG came out ahead by 8.6 percentage points (+21.7% against +13.1%). Note the risk asymmetry: PED runs 1.9 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 PED: side by side
| EOG (EOG Resources) | PED (Pedevco Corp.) | |
|---|---|---|
| 1-year return | +21.7% | +13.1% |
| 5-year return | +171.5% | -39.7% |
| Volatility (ann.) | 28.1% | 54.0% |
| Beta vs S&P 500 | 0.14 | -0.28 |
| Max drawdown (3Y) | -23.7% | -58.3% |
| Market cap | $75.8B | $0.2B |
| P/E (trailing) | 11.3 | – |
| Dividend yield | 2.82% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | EOG | PED |
|---|---|---|
| 2022 | +56.9% | +3.8% |
| 2023 | -2.0% | -30.0% |
| 2024 | +4.3% | +1.0% |
| 2025 | -11.4% | -28.0% |
| 2026 | +41.0% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOG and PED good diversifiers for each other?
Only partially. A correlation of 0.51 means EOG and PED share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EOG and PED?
As of 2026-08-27, the correlation of weekly returns between EOG and PED is 0.51 over 3 years, 0.50 over 1 year and 0.55 over 5 years.
Is PED a good diversifier for EOG?
Only partially. A correlation of 0.51 means EOG and PED share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 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-ped.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eog-vs-ped/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EOG correlations · PED correlations
