EONR vs PED: Correlation
EON Resources Inc. (EONR) and Pedevco Corp. (PED) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EONR and PED?
On 3 years of weekly data the EONR/PED correlation comes out at 0.36, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.36 over 3. The 5-year figure is 0.30, and annualized covariance runs at 2699.8 %².
PED is one of the assets that tracks EONR most closely: it ranks #3 out of the 10 assets we track against EONR. Their recent paths diverged sharply: over the last 12 months EONR outperformed by 37.0 percentage points (+50.1% for EONR against +13.1% for PED). One caveat on sizing: EONR is 2.6 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.
EONR vs PED: side by side
| EONR (EON Resources Inc.) | PED (Pedevco Corp.) | |
|---|---|---|
| 1-year return | +50.1% | +13.1% |
| 5-year return | -94.8% | -39.7% |
| Volatility (ann.) | 138.7% | 54.0% |
| Beta vs S&P 500 | -0.81 | -0.28 |
| Max drawdown (3Y) | -97.7% | -58.3% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EONR | PED |
|---|---|---|
| 2022 | – | +3.8% |
| 2023 | -80.2% | -30.0% |
| 2024 | -59.5% | +1.0% |
| 2025 | -53.2% | -28.0% |
| 2026 | +36.1% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EONR and PED good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EONR and PED?
The EONR/PED correlation stands at 0.36 on a 3-year window (1 year: 0.42, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is PED a good diversifier for EONR?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 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/eonr-vs-ped.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eonr-vs-ped/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EONR correlations · PED correlations
