HAL vs XPRO: Correlation
Measured on weekly returns over the past three years, Halliburton (HAL) and Expro Ltd (XPRO) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAL and XPRO?
On 3 years of weekly data the HAL/XPRO correlation comes out at 0.65, strong. The relationship has been stable: the 1-year correlation (0.69) sits close to the 3-year figure. The 5-year figure is 0.67, and annualized covariance runs at 1192.2 %².
Among the 44 assets we track against HAL, XPRO ranks #25 by 3-year correlation. The last year tells two different stories: HAL led by 17.2 percentage points, +62.8% for HAL against +45.6% for XPRO.
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.
HAL vs XPRO: side by side
| HAL (Halliburton) | XPRO (Expro Ltd) | |
|---|---|---|
| 1-year return | +62.8% | +45.6% |
| 5-year return | +93.6% | +6.0% |
| Volatility (ann.) | 38.0% | 48.4% |
| Beta vs S&P 500 | 0.55 | 0.83 |
| Max drawdown (3Y) | -54.0% | -72.2% |
| Market cap | $29.6B | $2.0B |
| P/E (trailing) | 18.0 | 100.4 |
| Dividend yield | 1.97% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | HAL | XPRO |
|---|---|---|
| 2022 | +74.5% | +26.3% |
| 2023 | -6.5% | -12.2% |
| 2024 | -23.2% | -21.7% |
| 2025 | +7.0% | +7.1% |
| 2026 | +26.7% | +35.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAL and XPRO good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HAL and XPRO?
The HAL/XPRO correlation stands at 0.65 on a 3-year window (1 year: 0.69, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is XPRO a good diversifier for HAL?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 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/hal-vs-xpro.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hal-vs-xpro/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HAL correlations · XPRO correlations
