EQNR vs SQFT: Correlation
Equinor ASA (EQNR) and Presidio Property Trust, Inc. (SQFT) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQNR and SQFT?
Across a 3-year window, the weekly returns of EQNR and SQFT correlate at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. Stretching to 5 years gives -0.08, with an annualized covariance of -703.0 %².
Within EQNR's tracked universe of 79 assets, SQFT comes in at #50 by 3-year correlation. The last year tells two different stories: EQNR led by 148.0 percentage points, +77.2% for EQNR against -70.8% for SQFT. One caveat on sizing: SQFT is 2.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SQFT: side by side
| EQNR (Equinor ASA) | SQFT (Presidio Property Trust, Inc.) | |
|---|---|---|
| 1-year return | +77.2% | -70.8% |
| 5-year return | +180.6% | -95.2% |
| Volatility (ann.) | 33.2% | 90.2% |
| Beta vs S&P 500 | -0.25 | 1.55 |
| Max drawdown (3Y) | -27.6% | -89.7% |
| Market cap | $98.6B | – |
| P/E (trailing) | 11.2 | – |
| Dividend yield | 3.73% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EQNR | SQFT |
|---|---|---|
| 2022 | +42.8% | -73.4% |
| 2023 | -0.8% | +19.5% |
| 2024 | -16.0% | -22.3% |
| 2025 | +6.1% | -58.4% |
| 2026 | +81.8% | -54.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQNR and SQFT good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between EQNR and SQFT?
As of 2026-08-27, the correlation of weekly returns between EQNR and SQFT is -0.24 over 3 years, -0.29 over 1 year and -0.08 over 5 years.
Is SQFT a good diversifier for EQNR?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 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-sqft.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eqnr-vs-sqft/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EQNR correlations · SQFT correlations
