EQT vs SPH: Correlation
How closely do EQT Corporation (EQT) and Suburban Propane Partners, L.P. (SPH) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQT and SPH?
Across a 3-year window, the weekly returns of EQT and SPH correlate at 0.42, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.42 over 3 years. Stretching to 5 years gives 0.44, with an annualized covariance of 366.8 %².
Within EQT's tracked universe of 31 assets, SPH comes in at #18 by 3-year correlation. The trailing year gives EQT the advantage: +7.9% versus +0.7%, a 7.2-point spread.
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 SPH: side by side
| EQT (EQT Corporation) | SPH (Suburban Propane Partners, L.P.) | |
|---|---|---|
| 1-year return | +7.9% | +0.7% |
| 5-year return | +224.8% | +66.9% |
| Volatility (ann.) | 34.1% | 25.4% |
| Beta vs S&P 500 | 0.52 | 0.23 |
| Max drawdown (3Y) | -31.6% | -20.0% |
| Market cap | $34.3B | $1.2B |
| P/E (trailing) | 12.7 | 9.1 |
| Dividend yield | 1.19% | 7.34% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | EQT | SPH |
|---|---|---|
| 2022 | +57.6% | +12.3% |
| 2023 | +16.2% | +27.0% |
| 2024 | +21.4% | +3.8% |
| 2025 | +17.6% | +15.2% |
| 2026 | +3.1% | -0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQT and SPH good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EQT and SPH?
The EQT/SPH correlation stands at 0.42 on a 3-year window (1 year: 0.56, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is SPH a good diversifier for EQT?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
A reading of 0.42 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/eqt-vs-sph.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eqt-vs-sph/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EQT correlations · SPH correlations
