PEO vs SLB: Correlation
Adams Natural Resources Fund, Inc. (PEO) and Schlumberger (SLB) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEO and SLB?
Across a 3-year window, the weekly returns of PEO and SLB correlate at 0.76, strong. The relationship has been stable: the 1-year correlation (0.67) sits close to the 3-year figure. Stretching to 5 years gives 0.81, with an annualized covariance of 535.6 %².
Within PEO's tracked universe of 42 assets, SLB comes in at #12 by 3-year correlation. The last year tells two different stories: SLB led by 15.5 percentage points, +41.6% for PEO against +57.1% for SLB. Risk is not evenly split, since SLB carries 1.7 times the volatility of the other side.
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.
PEO vs SLB: side by side
| PEO (Adams Natural Resources Fund, Inc.) | SLB (Schlumberger) | |
|---|---|---|
| 1-year return | +41.6% | +57.1% |
| 5-year return | +179.3% | +117.1% |
| Volatility (ann.) | 20.2% | 35.1% |
| Beta vs S&P 500 | 0.30 | 0.57 |
| Max drawdown (3Y) | -18.9% | -46.6% |
| Market cap | $0.8B | $81.6B |
| P/E (trailing) | 4.8 | 26.2 |
| Dividend yield | 7.09% | 2.16% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | PEO | SLB |
|---|---|---|
| 2022 | +41.8% | +81.2% |
| 2023 | +0.9% | -0.8% |
| 2024 | +13.6% | -24.5% |
| 2025 | +10.0% | +3.3% |
| 2026 | +38.5% | +44.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEO and SLB good diversifiers for each other?
To a limited degree. At 0.76 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 PEO and SLB?
The PEO/SLB correlation stands at 0.76 on a 3-year window (1 year: 0.67, 5 years: 0.81), computed from weekly returns as of 2026-08-27.
Is SLB a good diversifier for PEO?
To a limited degree. At 0.76 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 0.76 mean?
On the −1 to +1 scale, 0.76 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/peo-vs-slb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/peo-vs-slb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PEO correlations · SLB correlations
