EONR vs RENX: Correlation
EON Resources Inc. (EONR) and RenX Enterprises Corp. (RENX) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EONR and RENX?
Across a 3-year window, the weekly returns of EONR and RENX correlate at -0.31, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.13 versus -0.31 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -14122.7 %².
Out of 10 assets tracked against EONR, RENX lands near the bottom at #10. The last year tells two different stories: EONR led by 141.1 percentage points, +50.1% for EONR against -91.0% for RENX. Note the risk asymmetry: RENX runs 2.3 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.
EONR vs RENX: side by side
| EONR (EON Resources Inc.) | RENX (RenX Enterprises Corp.) | |
|---|---|---|
| 1-year return | +50.1% | -91.0% |
| 5-year return | -94.8% | n/a |
| Volatility (ann.) | 138.7% | 322.0% |
| Beta vs S&P 500 | -0.81 | 1.58 |
| Max drawdown (3Y) | -97.7% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EONR | RENX |
|---|---|---|
| 2023 | -80.2% | – |
| 2024 | -59.5% | -90.5% |
| 2025 | -53.2% | -92.5% |
| 2026 | +36.1% | -46.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EONR and RENX good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EONR and RENX?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with 0.13 over the last year and n/a over 5 years.
Is RENX a good diversifier for EONR?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 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-renx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eonr-vs-renx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EONR correlations · RENX correlations
