MEOH vs PEO: Correlation
Measured on weekly returns over the past three years, Methanex Corporation (MEOH) and Adams Natural Resources Fund, Inc. (PEO) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MEOH and PEO?
Over the past 3 years, MEOH and PEO moved with a correlation of 0.55, which is moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.55 over 3. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 448.5 %².
Among the 10 assets we track against MEOH, PEO ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MEOH outperformed by 25.5 percentage points (+67.1% for MEOH against +41.6% for PEO). Note the risk asymmetry: MEOH runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MEOH vs PEO: side by side
| MEOH (Methanex Corporation) | PEO (Adams Natural Resources Fund, Inc.) | |
|---|---|---|
| 1-year return | +67.1% | +41.6% |
| 5-year return | +74.8% | +179.3% |
| Volatility (ann.) | 40.4% | 20.2% |
| Beta vs S&P 500 | 0.54 | 0.30 |
| Max drawdown (3Y) | -52.2% | -18.9% |
| Market cap | $4.5B | $0.8B |
| P/E (trailing) | 66.3 | 4.8 |
| Dividend yield | 1.30% | 7.09% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MEOH | PEO |
|---|---|---|
| 2022 | -2.8% | +41.8% |
| 2023 | +27.3% | +0.9% |
| 2024 | +7.3% | +13.6% |
| 2025 | -18.9% | +10.0% |
| 2026 | +47.9% | +38.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MEOH and PEO good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MEOH and PEO?
As of 2026-08-27, the correlation of weekly returns between MEOH and PEO is 0.55 over 3 years, 0.58 over 1 year and 0.60 over 5 years.
Is PEO a good diversifier for MEOH?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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/meoh-vs-peo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/meoh-vs-peo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MEOH correlations · PEO correlations
