EQNR vs NVR: Correlation
Measured on weekly returns over the past three years, Equinor ASA (EQNR) and NVR, Inc. (NVR) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQNR and NVR?
On 3 years of weekly data the EQNR/NVR correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.29 over 3 years. The 5-year figure is -0.14, and annualized covariance runs at -225.3 %².
Within EQNR's tracked universe of 79 assets, NVR comes in at #68 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EQNR outperformed by 98.0 percentage points (+77.2% for EQNR against -20.8% for NVR).
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 NVR: side by side
| EQNR (Equinor ASA) | NVR (NVR, Inc.) | |
|---|---|---|
| 1-year return | +77.2% | -20.8% |
| 5-year return | +180.6% | +24.2% |
| Volatility (ann.) | 33.2% | 23.4% |
| Beta vs S&P 500 | -0.25 | 0.53 |
| Max drawdown (3Y) | -27.6% | -43.9% |
| Market cap | $98.6B | $17.0B |
| P/E (trailing) | 11.2 | 16.6 |
| Dividend yield | 3.73% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | EQNR | NVR |
|---|---|---|
| 2022 | +42.8% | -21.9% |
| 2023 | -0.8% | +51.8% |
| 2024 | -16.0% | +16.8% |
| 2025 | +6.1% | -10.8% |
| 2026 | +81.8% | -12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQNR and NVR good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EQNR and NVR?
As of 2026-08-27, the correlation of weekly returns between EQNR and NVR is -0.29 over 3 years, -0.42 over 1 year and -0.14 over 5 years.
Is NVR a good diversifier for EQNR?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/eqnr-vs-nvr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eqnr-vs-nvr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EQNR correlations · NVR correlations
