EOG vs PEO: Correlation
Measured on weekly returns over the past three years, EOG Resources (EOG) and Adams Natural Resources Fund, Inc. (PEO) carry a correlation of 0.84, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOG and PEO?
Across a 3-year window, the weekly returns of EOG and PEO correlate at 0.84, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.82 over 1 year against 0.84 over 3. Stretching to 5 years gives 0.88, with an annualized covariance of 477.8 %².
Within EOG's tracked universe of 40 assets, PEO comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PEO outperformed by 19.9 percentage points (+21.7% for EOG against +41.6% for PEO).
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 PEO: side by side
| EOG (EOG Resources) | PEO (Adams Natural Resources Fund, Inc.) | |
|---|---|---|
| 1-year return | +21.7% | +41.6% |
| 5-year return | +171.5% | +179.3% |
| Volatility (ann.) | 28.1% | 20.2% |
| Beta vs S&P 500 | 0.14 | 0.30 |
| Max drawdown (3Y) | -23.7% | -18.9% |
| Market cap | $75.8B | $0.8B |
| P/E (trailing) | 11.3 | 4.8 |
| Dividend yield | 2.82% | 7.09% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | EOG | PEO |
|---|---|---|
| 2022 | +56.9% | +41.8% |
| 2023 | -2.0% | +0.9% |
| 2024 | +4.3% | +13.6% |
| 2025 | -11.4% | +10.0% |
| 2026 | +41.0% | +38.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOG and PEO good diversifiers for each other?
No. With a correlation of 0.84, EOG and PEO move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between EOG and PEO?
The EOG/PEO correlation stands at 0.84 on a 3-year window (1 year: 0.82, 5 years: 0.88), computed from weekly returns as of 2026-08-27.
Is PEO a good diversifier for EOG?
No. With a correlation of 0.84, EOG and PEO move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.84 mean?
A reading of 0.84 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-peo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eog-vs-peo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EOG correlations · PEO correlations
