EQNR vs SVV: Correlation
Equinor ASA (EQNR) and Savers Value Village, Inc. (SVV) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQNR and SVV?
On 3 years of weekly data the EQNR/SVV correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.21 over 3. The 5-year figure is n/a, and annualized covariance runs at -394.9 %².
Within EQNR's tracked universe of 79 assets, SVV comes in at #38 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EQNR ahead by 86.6 points (+77.2% versus -9.4%). One caveat on sizing: SVV is 1.7 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 SVV: side by side
| EQNR (Equinor ASA) | SVV (Savers Value Village, Inc.) | |
|---|---|---|
| 1-year return | +77.2% | -9.4% |
| 5-year return | +180.6% | n/a |
| Volatility (ann.) | 33.2% | 55.5% |
| Beta vs S&P 500 | -0.25 | 0.87 |
| Max drawdown (3Y) | -27.6% | -73.6% |
| Market cap | $98.6B | $1.6B |
| P/E (trailing) | 11.2 | 70.2 |
| Dividend yield | 3.73% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EQNR | SVV |
|---|---|---|
| 2022 | +42.8% | – |
| 2023 | -0.8% | – |
| 2024 | -16.0% | -41.0% |
| 2025 | +6.1% | -8.9% |
| 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 SVV 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 SVV?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.25 over the last year and n/a over 5 years.
Is SVV 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?
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-svv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eqnr-vs-svv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EQNR correlations · SVV correlations
