EQNR vs ISRG: Correlation
Equinor ASA (EQNR) and Intuitive Surgical (ISRG) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQNR and ISRG?
Across a 3-year window, the weekly returns of EQNR and ISRG correlate at -0.18, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.17 lands near the 3-year figure. Stretching to 5 years gives -0.05, with an annualized covariance of -181.2 %².
Among the 79 assets we track against EQNR, ISRG ranks #26 by 3-year correlation. The last year tells two different stories: EQNR led by 99.3 percentage points, +77.2% for EQNR against -22.1% for ISRG.
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 ISRG: side by side
| EQNR (Equinor ASA) | ISRG (Intuitive Surgical) | |
|---|---|---|
| 1-year return | +77.2% | -22.1% |
| 5-year return | +180.6% | +4.0% |
| Volatility (ann.) | 33.2% | 31.1% |
| Beta vs S&P 500 | -0.25 | 1.20 |
| Max drawdown (3Y) | -27.6% | -45.6% |
| Market cap | $98.6B | $131.5B |
| P/E (trailing) | 11.2 | 42.5 |
| Dividend yield | 3.73% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | EQNR | ISRG |
|---|---|---|
| 2022 | +42.8% | -26.1% |
| 2023 | -0.8% | +27.1% |
| 2024 | -16.0% | +54.7% |
| 2025 | +6.1% | +8.5% |
| 2026 | +81.8% | -35.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQNR and ISRG good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EQNR and ISRG?
As of 2026-08-27, the correlation of weekly returns between EQNR and ISRG is -0.18 over 3 years, -0.17 over 1 year and -0.05 over 5 years.
Is ISRG a good diversifier for EQNR?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
A reading of -0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/eqnr-vs-isrg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eqnr-vs-isrg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EQNR correlations · ISRG correlations
