HOOD vs PBR: Correlation
Measured on weekly returns over the past three years, Robinhood Markets (HOOD) and Petroleo Brasileiro S.A. Petrobras (PBR) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOOD and PBR?
Over the past 3 years, HOOD and PBR moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.18). Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -417.7 %².
By 3-year correlation, PBR places #32 of the 39 assets tracked against HOOD. Their recent paths diverged sharply: over the last 12 months PBR outperformed by 49.5 percentage points (+6.6% for HOOD against +56.1% for PBR). Risk is not evenly split, since HOOD carries 2.2 times the volatility of the other side.
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.
HOOD vs PBR: side by side
| HOOD (Robinhood Markets) | PBR (Petroleo Brasileiro S.A. Petrobras) | |
|---|---|---|
| 1-year return | +6.6% | +56.1% |
| 5-year return | +151.5% | +417.1% |
| Volatility (ann.) | 71.4% | 32.9% |
| Beta vs S&P 500 | 2.88 | -0.08 |
| Max drawdown (3Y) | -57.3% | -26.9% |
| Market cap | $98.7B | $117.6B |
| P/E (trailing) | 48.1 | 4.5 |
| Dividend yield | 0.00% | 20.65% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | HOOD | PBR |
|---|---|---|
| 2022 | -54.2% | +57.2% |
| 2023 | +56.5% | +89.2% |
| 2024 | +192.5% | -2.3% |
| 2025 | +203.5% | -1.1% |
| 2026 | -3.0% | +60.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOOD and PBR good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between HOOD and PBR?
As of 2026-08-27, the correlation of weekly returns between HOOD and PBR is -0.18 over 3 years, -0.35 over 1 year and -0.09 over 5 years.
Is PBR a good diversifier for HOOD?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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/hood-vs-pbr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hood-vs-pbr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HOOD correlations · PBR correlations
