EQT vs GEG: Correlation
How closely do EQT Corporation (EQT) and Great Elm Group, Inc. (GEG) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQT and GEG?
Over the past 3 years, EQT and GEG moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.19 lands near the 3-year figure. Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -218.6 %².
By 3-year correlation, GEG places #22 of the 31 assets tracked against EQT. Correlation aside, the last 12 months split them widely, with EQT ahead by 18.3 points (+7.9% versus -10.4%).
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.
EQT vs GEG: side by side
| EQT (EQT Corporation) | GEG (Great Elm Group, Inc.) | |
|---|---|---|
| 1-year return | +7.9% | -10.4% |
| 5-year return | +224.8% | -7.3% |
| Volatility (ann.) | 34.1% | 33.0% |
| Beta vs S&P 500 | 0.52 | 0.15 |
| Max drawdown (3Y) | -31.6% | -41.4% |
| Market cap | $34.3B | $0.1B |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 1.19% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | EQT | GEG |
|---|---|---|
| 2022 | +57.6% | -3.3% |
| 2023 | +16.2% | -4.0% |
| 2024 | +21.4% | -6.7% |
| 2025 | +17.6% | +40.9% |
| 2026 | +3.1% | -15.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQT and GEG good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between EQT and GEG?
The EQT/GEG correlation stands at -0.19 on a 3-year window (1 year: -0.19, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is GEG a good diversifier for EQT?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 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/eqt-vs-geg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eqt-vs-geg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EQT correlations · GEG correlations
