INVX vs SLB: Correlation
Measured on weekly returns over the past three years, Innovex International, Inc. (INVX) and Schlumberger (SLB) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INVX and SLB?
Over the past 3 years, INVX and SLB moved with a correlation of 0.70, which is strong. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 1039.8 %².
Few assets follow INVX as closely as SLB, which ranks #3 of 11 tracked partners. The last year tells two different stories: INVX led by 22.2 percentage points, +79.3% for INVX against +57.1% for SLB.
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.
INVX vs SLB: side by side
| INVX (Innovex International, Inc.) | SLB (Schlumberger) | |
|---|---|---|
| 1-year return | +79.3% | +57.1% |
| 5-year return | +21.9% | +117.1% |
| Volatility (ann.) | 42.3% | 35.1% |
| Beta vs S&P 500 | 0.83 | 0.57 |
| Max drawdown (3Y) | -58.9% | -46.6% |
| Market cap | $2.1B | $81.6B |
| P/E (trailing) | 31.7 | 26.2 |
| Dividend yield | 0.00% | 2.16% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | INVX | SLB |
|---|---|---|
| 2022 | +38.1% | +81.2% |
| 2023 | -14.4% | -0.8% |
| 2024 | -40.0% | -24.5% |
| 2025 | +56.5% | +3.3% |
| 2026 | +36.4% | +44.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INVX and SLB good diversifiers for each other?
To a limited degree. At 0.70 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 INVX and SLB?
As of 2026-08-27, the correlation of weekly returns between INVX and SLB is 0.70 over 3 years, 0.63 over 1 year and 0.70 over 5 years.
Is SLB a good diversifier for INVX?
To a limited degree. At 0.70 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 0.70 mean?
On the −1 to +1 scale, 0.70 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/invx-vs-slb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/invx-vs-slb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INVX correlations · SLB correlations
