EQNR vs MAS: Correlation
How closely do Equinor ASA (EQNR) and Masco (MAS) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQNR and MAS?
On 3 years of weekly data the EQNR/MAS correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.41) than the 3-year average (-0.28). The 5-year figure is -0.19, and annualized covariance runs at -276.6 %².
By 3-year correlation, MAS places #63 of the 79 assets tracked against EQNR. Correlation aside, the last 12 months split them widely, with EQNR ahead by 77.7 points (+77.2% versus -0.5%).
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 MAS: side by side
| EQNR (Equinor ASA) | MAS (Masco) | |
|---|---|---|
| 1-year return | +77.2% | -0.5% |
| 5-year return | +180.6% | +29.1% |
| Volatility (ann.) | 33.2% | 29.6% |
| Beta vs S&P 500 | -0.25 | 0.95 |
| Max drawdown (3Y) | -27.6% | -30.9% |
| Market cap | $98.6B | $14.4B |
| P/E (trailing) | 11.2 | 17.0 |
| Dividend yield | 3.73% | 1.71% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | EQNR | MAS |
|---|---|---|
| 2022 | +42.8% | -32.1% |
| 2023 | -0.8% | +46.6% |
| 2024 | -16.0% | +10.0% |
| 2025 | +6.1% | -10.9% |
| 2026 | +81.8% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQNR and MAS good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EQNR and MAS?
As of 2026-08-27, the correlation of weekly returns between EQNR and MAS is -0.28 over 3 years, -0.41 over 1 year and -0.19 over 5 years.
Is MAS a good diversifier for EQNR?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
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-mas.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eqnr-vs-mas/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EQNR correlations · MAS correlations
