EONR vs USO: Correlation
EON Resources Inc. (EONR) and United States Oil Fund (USO) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EONR and USO?
On 3 years of weekly data the EONR/USO correlation comes out at 0.41, moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.41 over 3. The 5-year figure is 0.35, and annualized covariance runs at 2251.4 %².
Few assets follow EONR as closely as USO, which ranks #1 of 10 tracked partners. The last year tells two different stories: USO led by 24.0 percentage points, +50.1% for EONR against +74.1% for USO. Risk is not evenly split, since EONR carries 3.5 times the volatility of the other side.
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 USO: side by side
| EONR (EON Resources Inc.) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | +50.1% | +74.1% |
| 5-year return | -94.8% | +168.6% |
| Volatility (ann.) | 138.7% | 39.4% |
| Beta vs S&P 500 | -0.81 | -0.20 |
| Max drawdown (3Y) | -97.7% | -32.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Commodities |
Year-by-year returns
| Year | EONR | USO |
|---|---|---|
| 2022 | – | +29.0% |
| 2023 | -80.2% | -4.9% |
| 2024 | -59.5% | +13.4% |
| 2025 | -53.2% | -8.5% |
| 2026 | +36.1% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EONR and USO good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EONR and USO?
As of 2026-08-27, the correlation of weekly returns between EONR and USO is 0.41 over 3 years, 0.46 over 1 year and 0.35 over 5 years.
Is USO a good diversifier for EONR?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/eonr-vs-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eonr-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EONR correlations · USO correlations
