OXY vs PEO: Correlation
Measured on weekly returns over the past three years, Occidental Petroleum (OXY) and Adams Natural Resources Fund, Inc. (PEO) carry a correlation of 0.79, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OXY and PEO?
On 3 years of weekly data the OXY/PEO correlation comes out at 0.79, strong. The relationship has been stable: the 1-year correlation (0.77) sits close to the 3-year figure. The 5-year figure is 0.75, and annualized covariance runs at 485.9 %².
By 3-year correlation, PEO places #9 of the 38 assets tracked against OXY. The trailing year gives PEO the advantage: +28.9% versus +41.6%, a 12.7-point spread. Note the risk asymmetry: OXY runs 1.5 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.
OXY vs PEO: side by side
| OXY (Occidental Petroleum) | PEO (Adams Natural Resources Fund, Inc.) | |
|---|---|---|
| 1-year return | +28.9% | +41.6% |
| 5-year return | +150.8% | +179.3% |
| Volatility (ann.) | 30.6% | 20.2% |
| Beta vs S&P 500 | 0.13 | 0.30 |
| Max drawdown (3Y) | -46.9% | -18.9% |
| Market cap | $59.1B | $0.8B |
| P/E (trailing) | 17.3 | 4.8 |
| Dividend yield | 1.71% | 7.09% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | OXY | PEO |
|---|---|---|
| 2022 | +119.1% | +41.8% |
| 2023 | -4.1% | +0.9% |
| 2024 | -15.9% | +13.6% |
| 2025 | -14.9% | +10.0% |
| 2026 | +45.2% | +38.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OXY and PEO good diversifiers for each other?
Only partially. A correlation of 0.79 means OXY and PEO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between OXY and PEO?
As of 2026-08-27, the correlation of weekly returns between OXY and PEO is 0.79 over 3 years, 0.77 over 1 year and 0.75 over 5 years.
Is PEO a good diversifier for OXY?
Only partially. A correlation of 0.79 means OXY and PEO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.79 mean?
On the −1 to +1 scale, 0.79 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/oxy-vs-peo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/oxy-vs-peo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OXY correlations · PEO correlations
