EXE vs PEO: Correlation
Expand Energy (EXE) and Adams Natural Resources Fund, Inc. (PEO) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXE and PEO?
Over the past 3 years, EXE and PEO moved with a correlation of 0.54, which is moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 307.0 %².
By 3-year correlation, PEO places #14 of the 32 assets tracked against EXE. Correlation aside, the last 12 months split them widely, with PEO ahead by 36.4 points (+5.2% versus +41.6%).
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.
EXE vs PEO: side by side
| EXE (Expand Energy) | PEO (Adams Natural Resources Fund, Inc.) | |
|---|---|---|
| 1-year return | +5.2% | +41.6% |
| 5-year return | +125.8% | +179.3% |
| Volatility (ann.) | 28.2% | 20.2% |
| Beta vs S&P 500 | 0.31 | 0.30 |
| Max drawdown (3Y) | -28.4% | -18.9% |
| Market cap | $22.7B | $0.8B |
| P/E (trailing) | 8.3 | 4.8 |
| Dividend yield | 3.30% | 7.09% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | EXE | PEO |
|---|---|---|
| 2022 | +62.3% | +41.8% |
| 2023 | -14.8% | +0.9% |
| 2024 | +33.2% | +13.6% |
| 2025 | +14.4% | +10.0% |
| 2026 | -9.6% | +38.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXE and PEO good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EXE and PEO?
The EXE/PEO correlation stands at 0.54 on a 3-year window (1 year: 0.53, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is PEO a good diversifier for EXE?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 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/exe-vs-peo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/exe-vs-peo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EXE correlations · PEO correlations
