EOG vs PR: Correlation
How closely do EOG Resources (EOG) and Permian Resources Corporation (PR) trade together? Their weekly returns over three years give a correlation of 0.82, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOG and PR?
Across a 3-year window, the weekly returns of EOG and PR correlate at 0.82, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.85) sits close to the 3-year figure. Stretching to 5 years gives 0.78, with an annualized covariance of 815.4 %².
By 3-year correlation, PR places #7 of the 40 assets tracked against EOG. Correlation aside, the last 12 months split them widely, with PR ahead by 48.6 points (+21.7% versus +70.3%).
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 PR: side by side
| EOG (EOG Resources) | PR (Permian Resources Corporation) | |
|---|---|---|
| 1-year return | +21.7% | +70.3% |
| 5-year return | +171.5% | +430.6% |
| Volatility (ann.) | 28.1% | 35.4% |
| Beta vs S&P 500 | 0.14 | 0.39 |
| Max drawdown (3Y) | -23.7% | -39.9% |
| Market cap | $75.8B | $19.4B |
| P/E (trailing) | 11.3 | 14.7 |
| Dividend yield | 2.82% | 2.73% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | EOG | PR |
|---|---|---|
| 2022 | +56.9% | +57.9% |
| 2023 | -2.0% | +49.4% |
| 2024 | +4.3% | +10.7% |
| 2025 | -11.4% | +1.9% |
| 2026 | +41.0% | +68.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOG and PR good diversifiers for each other?
No. With a correlation of 0.82, EOG and PR move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between EOG and PR?
Using weekly returns as of 2026-08-27: 0.82 over 3 years, with 0.85 over the last year and 0.78 over 5 years.
Is PR a good diversifier for EOG?
No. With a correlation of 0.82, EOG and PR move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.82 mean?
On the −1 to +1 scale, 0.82 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/eog-vs-pr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eog-vs-pr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EOG correlations · PR correlations
