EQNR vs GPC: Correlation
Equinor ASA (EQNR) and Genuine Parts Company (GPC) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQNR and GPC?
Over the past 3 years, EQNR and GPC moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.40 versus -0.28 over 3 years. Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -291.4 %².
By 3-year correlation, GPC places #62 of the 79 assets tracked against EQNR. The last year tells two different stories: EQNR led by 75.9 percentage points, +77.2% for EQNR against +1.3% for GPC.
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.
EQNR vs GPC: side by side
| EQNR (Equinor ASA) | GPC (Genuine Parts Company) | |
|---|---|---|
| 1-year return | +77.2% | +1.3% |
| 5-year return | +180.6% | +27.6% |
| Volatility (ann.) | 33.2% | 31.9% |
| Beta vs S&P 500 | -0.25 | 0.66 |
| Max drawdown (3Y) | -27.6% | -39.7% |
| Market cap | $98.6B | $18.8B |
| P/E (trailing) | 11.2 | 546.8 |
| Dividend yield | 3.73% | 3.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | EQNR | GPC |
|---|---|---|
| 2022 | +42.8% | +26.8% |
| 2023 | -0.8% | -18.1% |
| 2024 | -16.0% | -13.2% |
| 2025 | +6.1% | +8.7% |
| 2026 | +81.8% | +13.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQNR and GPC good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between EQNR and GPC?
As of 2026-08-27, the correlation of weekly returns between EQNR and GPC is -0.28 over 3 years, -0.40 over 1 year and -0.07 over 5 years.
Is GPC a good diversifier for EQNR?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/eqnr-vs-gpc.json
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Related comparisons
Hubs: EQNR correlations · GPC correlations
