EQNR vs LEN: Correlation
Equinor ASA (EQNR) and Lennar (LEN) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQNR and LEN?
Over the past 3 years, EQNR and LEN moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.37) than the 3-year average (-0.21). Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -230.7 %².
By 3-year correlation, LEN places #34 of the 79 assets tracked against EQNR. Correlation aside, the last 12 months split them widely, with EQNR ahead by 112.1 points (+77.2% versus -34.9%).
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 LEN: side by side
| EQNR (Equinor ASA) | LEN (Lennar) | |
|---|---|---|
| 1-year return | +77.2% | -34.9% |
| 5-year return | +180.6% | -11.7% |
| Volatility (ann.) | 33.2% | 32.6% |
| Beta vs S&P 500 | -0.25 | 0.84 |
| Max drawdown (3Y) | -27.6% | -54.5% |
| Market cap | $98.6B | $20.5B |
| P/E (trailing) | 11.2 | 13.7 |
| Dividend yield | 3.73% | 2.29% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | EQNR | LEN |
|---|---|---|
| 2022 | +42.8% | -20.6% |
| 2023 | -0.8% | +66.9% |
| 2024 | -16.0% | -7.3% |
| 2025 | +6.1% | -20.8% |
| 2026 | +81.8% | -15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQNR and LEN good diversifiers for each other?
Yes. With a correlation of -0.21, EQNR and LEN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EQNR and LEN?
The EQNR/LEN correlation stands at -0.21 on a 3-year window (1 year: -0.37, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is LEN a good diversifier for EQNR?
Yes. With a correlation of -0.21, EQNR and LEN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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-len.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eqnr-vs-len/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EQNR correlations · LEN correlations
