PDS vs PEO: Correlation
Measured on weekly returns over the past three years, Precision Drilling Corporation (PDS) and Adams Natural Resources Fund, Inc. (PEO) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PDS and PEO?
On 3 years of weekly data the PDS/PEO correlation comes out at 0.71, strong. Little has changed lately, as the 1-year reading of 0.73 lands near the 3-year figure. The 5-year figure is 0.72, and annualized covariance runs at 540.8 %².
Few assets follow PDS as closely as PEO, which ranks #3 of 13 tracked partners. Their recent paths diverged sharply: over the last 12 months PDS outperformed by 16.7 percentage points (+58.3% for PDS against +41.6% for PEO). One caveat on sizing: PDS is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PDS vs PEO: side by side
| PDS (Precision Drilling Corporation) | PEO (Adams Natural Resources Fund, Inc.) | |
|---|---|---|
| 1-year return | +58.3% | +41.6% |
| 5-year return | +182.9% | +179.3% |
| Volatility (ann.) | 37.7% | 20.2% |
| Beta vs S&P 500 | 0.49 | 0.30 |
| Max drawdown (3Y) | -50.5% | -18.9% |
| Market cap | $1.2B | $0.8B |
| P/E (trailing) | – | 4.8 |
| Dividend yield | 0.00% | 7.09% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PDS | PEO |
|---|---|---|
| 2022 | +116.5% | +41.8% |
| 2023 | -29.2% | +0.9% |
| 2024 | +12.5% | +13.6% |
| 2025 | +17.7% | +10.0% |
| 2026 | +25.7% | +38.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PDS and PEO good diversifiers for each other?
To a limited degree. At 0.71 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 PDS and PEO?
The PDS/PEO correlation stands at 0.71 on a 3-year window (1 year: 0.73, 5 years: 0.72), computed from weekly returns as of 2026-08-27.
Is PEO a good diversifier for PDS?
To a limited degree. At 0.71 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 0.71 mean?
A reading of 0.71 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pds-vs-peo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pds-vs-peo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PDS correlations · PEO correlations
