KWR vs USO: Correlation
Quaker Houghton (KWR) and United States Oil Fund (USO) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KWR and USO?
On 3 years of weekly data the KWR/USO correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.52) than the 3-year average (-0.26). The 5-year figure is -0.10, and annualized covariance runs at -349.8 %².
USO is close to the least connected end of KWR's tracked universe, ranking #18 of 20. The last year tells two different stories: USO led by 59.0 percentage points, +15.1% for KWR against +74.1% for USO.
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.
KWR vs USO: side by side
| KWR (Quaker Houghton) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | +15.1% | +74.1% |
| 5-year return | -32.5% | +168.6% |
| Volatility (ann.) | 34.3% | 39.4% |
| Beta vs S&P 500 | 1.16 | -0.20 |
| Max drawdown (3Y) | -55.3% | -32.5% |
| Market cap | $2.8B | – |
| P/E (trailing) | 29.4 | – |
| Dividend yield | 1.24% | – |
| Sector / category | US Listed | ETF · Commodities |
Year-by-year returns
| Year | KWR | USO |
|---|---|---|
| 2022 | -26.9% | +29.0% |
| 2023 | +29.1% | -4.9% |
| 2024 | -33.4% | +13.4% |
| 2025 | -0.8% | -8.5% |
| 2026 | +20.9% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KWR and USO good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between KWR and USO?
As of 2026-08-27, the correlation of weekly returns between KWR and USO is -0.26 over 3 years, -0.52 over 1 year and -0.10 over 5 years.
Is USO a good diversifier for KWR?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 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/kwr-vs-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kwr-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KWR correlations · USO correlations
