EOG vs TSAT: Correlation
EOG Resources (EOG) and Telesat Corporation - Class A (TSAT) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOG and TSAT?
Across a 3-year window, the weekly returns of EOG and TSAT correlate at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.55 versus -0.21 over 3 years. Stretching to 5 years gives 0.00, with an annualized covariance of -461.1 %².
By 3-year correlation, TSAT places #33 of the 40 assets tracked against EOG. The last year tells two different stories: TSAT led by 105.4 percentage points, +21.7% for EOG against +127.1% for TSAT. One caveat on sizing: TSAT is 2.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TSAT: side by side
| EOG (EOG Resources) | TSAT (Telesat Corporation - Class A) | |
|---|---|---|
| 1-year return | +21.7% | +127.1% |
| 5-year return | +171.5% | +10.3% |
| Volatility (ann.) | 28.1% | 76.7% |
| Beta vs S&P 500 | 0.14 | 1.43 |
| Max drawdown (3Y) | -23.7% | -64.5% |
| Market cap | $75.8B | $2.3B |
| P/E (trailing) | 11.3 | – |
| Dividend yield | 2.82% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | EOG | TSAT |
|---|---|---|
| 2022 | +56.9% | -73.8% |
| 2023 | -2.0% | +39.1% |
| 2024 | +4.3% | +57.6% |
| 2025 | -11.4% | +77.0% |
| 2026 | +41.0% | +57.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOG and TSAT good diversifiers for each other?
Yes. With a correlation of -0.21, EOG and TSAT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EOG and TSAT?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.55 over the last year and 0.00 over 5 years.
Is TSAT a good diversifier for EOG?
Yes. With a correlation of -0.21, EOG and TSAT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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-tsat.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eog-vs-tsat/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EOG correlations · TSAT correlations
