EQNR vs VVV: Correlation
Measured on weekly returns over the past three years, Equinor ASA (EQNR) and Valvoline Inc. (VVV) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQNR and VVV?
On 3 years of weekly data the EQNR/VVV correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.30 lands near the 3-year figure. The 5-year figure is -0.07, and annualized covariance runs at -218.5 %².
Among the 79 assets we track against EQNR, VVV ranks #45 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EQNR ahead by 96.5 points (+77.2% versus -19.3%).
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 VVV: side by side
| EQNR (Equinor ASA) | VVV (Valvoline Inc.) | |
|---|---|---|
| 1-year return | +77.2% | -19.3% |
| 5-year return | +180.6% | +7.4% |
| Volatility (ann.) | 33.2% | 29.0% |
| Beta vs S&P 500 | -0.25 | 0.68 |
| Max drawdown (3Y) | -27.6% | -39.3% |
| Market cap | $98.6B | $4.1B |
| P/E (trailing) | 11.2 | 40.5 |
| Dividend yield | 3.73% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EQNR | VVV |
|---|---|---|
| 2022 | +42.8% | -11.0% |
| 2023 | -0.8% | +15.1% |
| 2024 | -16.0% | -3.7% |
| 2025 | +6.1% | -19.7% |
| 2026 | +81.8% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQNR and VVV good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EQNR and VVV?
As of 2026-08-27, the correlation of weekly returns between EQNR and VVV is -0.23 over 3 years, -0.30 over 1 year and -0.07 over 5 years.
Is VVV a good diversifier for EQNR?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 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-vvv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eqnr-vs-vvv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EQNR correlations · VVV correlations
