EQNR vs HOOD: Correlation
Measured on weekly returns over the past three years, Equinor ASA (EQNR) and Robinhood Markets (HOOD) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQNR and HOOD?
On 3 years of weekly data the EQNR/HOOD correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.37) than the 3-year average (-0.17). The 5-year figure is -0.05, and annualized covariance runs at -411.2 %².
Within EQNR's tracked universe of 79 assets, HOOD comes in at #20 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EQNR ahead by 70.6 points (+77.2% versus +6.6%). Risk is not evenly split, since HOOD carries 2.2 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.
EQNR vs HOOD: side by side
| EQNR (Equinor ASA) | HOOD (Robinhood Markets) | |
|---|---|---|
| 1-year return | +77.2% | +6.6% |
| 5-year return | +180.6% | +151.5% |
| Volatility (ann.) | 33.2% | 71.4% |
| Beta vs S&P 500 | -0.25 | 2.88 |
| Max drawdown (3Y) | -27.6% | -57.3% |
| Market cap | $98.6B | $98.7B |
| P/E (trailing) | 11.2 | 48.1 |
| Dividend yield | 3.73% | 0.00% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | EQNR | HOOD |
|---|---|---|
| 2022 | +42.8% | -54.2% |
| 2023 | -0.8% | +56.5% |
| 2024 | -16.0% | +192.5% |
| 2025 | +6.1% | +203.5% |
| 2026 | +81.8% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQNR and HOOD good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between EQNR and HOOD?
As of 2026-08-27, the correlation of weekly returns between EQNR and HOOD is -0.17 over 3 years, -0.37 over 1 year and -0.05 over 5 years.
Is HOOD a good diversifier for EQNR?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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-hood.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eqnr-vs-hood/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EQNR correlations · HOOD correlations
