GLW vs USO: Correlation
How closely do Corning Inc. (GLW) and United States Oil Fund (USO) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLW and USO?
On 3 years of weekly data the GLW/USO correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.44) than the 3-year average (-0.26). The 5-year figure is -0.12, and annualized covariance runs at -436.1 %².
By 3-year correlation, USO places #31 of the 37 assets tracked against GLW. Their recent paths diverged sharply: over the last 12 months GLW outperformed by 55.6 percentage points (+129.7% for GLW against +74.1% for USO). The relationship is regime-dependent: the rolling one-year correlation swung between -0.43 and 0.27 over the past three years, so this pair behaves very differently depending on the market environment.
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.
GLW vs USO: side by side
| GLW (Corning Inc.) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | +129.7% | +74.1% |
| 5-year return | +331.4% | +168.6% |
| Volatility (ann.) | 42.1% | 39.4% |
| Beta vs S&P 500 | 1.15 | -0.20 |
| Max drawdown (3Y) | -51.5% | -32.5% |
| Market cap | $131.6B | – |
| P/E (trailing) | 70.4 | – |
| Dividend yield | 0.73% | – |
| Sector / category | Information Technology | ETF · Commodities |
Year-by-year returns
| Year | GLW | USO |
|---|---|---|
| 2022 | -11.6% | +29.0% |
| 2023 | -1.2% | -4.9% |
| 2024 | +60.6% | +13.4% |
| 2025 | +87.8% | -8.5% |
| 2026 | +75.1% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLW and USO good diversifiers for each other?
Yes. With a correlation of -0.26, GLW and USO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GLW and USO?
As of 2026-08-27, the correlation of weekly returns between GLW and USO is -0.26 over 3 years, -0.44 over 1 year and -0.12 over 5 years.
Is USO a good diversifier for GLW?
Yes. With a correlation of -0.26, GLW and USO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/glw-vs-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/glw-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GLW correlations · USO correlations
