EQNR vs SDHC: Correlation
Measured on weekly returns over the past three years, Equinor ASA (EQNR) and Smith Douglas Homes Corp. (SDHC) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQNR and SDHC?
On 3 years of weekly data the EQNR/SDHC correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.27 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -358.6 %².
Among the 79 assets we track against EQNR, SDHC ranks #37 by 3-year correlation. The last year tells two different stories: EQNR led by 115.5 percentage points, +77.2% for EQNR against -38.3% for SDHC.
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 SDHC: side by side
| EQNR (Equinor ASA) | SDHC (Smith Douglas Homes Corp.) | |
|---|---|---|
| 1-year return | +77.2% | -38.3% |
| 5-year return | +180.6% | n/a |
| Volatility (ann.) | 33.2% | 49.6% |
| Beta vs S&P 500 | -0.25 | 1.07 |
| Max drawdown (3Y) | -27.6% | -72.0% |
| Market cap | $98.6B | $0.1B |
| P/E (trailing) | 11.2 | 16.9 |
| Dividend yield | 3.73% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EQNR | SDHC |
|---|---|---|
| 2022 | +42.8% | – |
| 2023 | -0.8% | – |
| 2024 | -16.0% | – |
| 2025 | +6.1% | -34.6% |
| 2026 | +81.8% | -27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQNR and SDHC 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 SDHC?
The EQNR/SDHC correlation stands at -0.21 on a 3-year window (1 year: -0.27, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SDHC 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-sdhc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eqnr-vs-sdhc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EQNR correlations · SDHC correlations
