EQNR vs RL: Correlation
Equinor ASA (EQNR) and Ralph Lauren Corporation (RL) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQNR and RL?
Across a 3-year window, the weekly returns of EQNR and RL correlate at -0.26, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.36) sits close to the 3-year figure. Stretching to 5 years gives -0.12, with an annualized covariance of -291.5 %².
Within EQNR's tracked universe of 79 assets, RL comes in at #56 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EQNR outperformed by 56.5 percentage points (+77.2% for EQNR against +20.7% for RL).
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 RL: side by side
| EQNR (Equinor ASA) | RL (Ralph Lauren Corporation) | |
|---|---|---|
| 1-year return | +77.2% | +20.7% |
| 5-year return | +180.6% | +232.5% |
| Volatility (ann.) | 33.2% | 33.6% |
| Beta vs S&P 500 | -0.25 | 1.07 |
| Max drawdown (3Y) | -27.6% | -36.2% |
| Market cap | $98.6B | $21.0B |
| P/E (trailing) | 11.2 | 22.8 |
| Dividend yield | 3.73% | 1.03% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | EQNR | RL |
|---|---|---|
| 2022 | +42.8% | -8.4% |
| 2023 | -0.8% | +39.8% |
| 2024 | -16.0% | +62.9% |
| 2025 | +6.1% | +55.0% |
| 2026 | +81.8% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQNR and RL good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EQNR and RL?
As of 2026-08-27, the correlation of weekly returns between EQNR and RL is -0.26 over 3 years, -0.36 over 1 year and -0.12 over 5 years.
Is RL a good diversifier for EQNR?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: EQNR correlations · RL correlations
