EQNR vs PHM: Correlation
How closely do Equinor ASA (EQNR) and PulteGroup (PHM) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQNR and PHM?
On 3 years of weekly data the EQNR/PHM correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.40) than the 3-year average (-0.21). The 5-year figure is -0.12, and annualized covariance runs at -227.7 %².
By 3-year correlation, PHM places #36 of the 79 assets tracked against EQNR. Their recent paths diverged sharply: over the last 12 months EQNR outperformed by 79.7 percentage points (+77.2% for EQNR against -2.5% for PHM).
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 PHM: side by side
| EQNR (Equinor ASA) | PHM (PulteGroup) | |
|---|---|---|
| 1-year return | +77.2% | -2.5% |
| 5-year return | +180.6% | +145.5% |
| Volatility (ann.) | 33.2% | 32.2% |
| Beta vs S&P 500 | -0.25 | 0.82 |
| Max drawdown (3Y) | -27.6% | -38.0% |
| Market cap | $98.6B | – |
| P/E (trailing) | 11.2 | 13.3 |
| Dividend yield | 3.73% | 0.77% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | EQNR | PHM |
|---|---|---|
| 2022 | +42.8% | -19.2% |
| 2023 | -0.8% | +128.8% |
| 2024 | -16.0% | +6.2% |
| 2025 | +6.1% | +8.5% |
| 2026 | +81.8% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQNR and PHM good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between EQNR and PHM?
The EQNR/PHM correlation stands at -0.21 on a 3-year window (1 year: -0.40, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is PHM a good diversifier for EQNR?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
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-phm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eqnr-vs-phm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EQNR correlations · PHM correlations
