PEO vs VTOL: Correlation
Measured on weekly returns over the past three years, Adams Natural Resources Fund, Inc. (PEO) and Bristow Group, Inc. (VTOL) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEO and VTOL?
On 3 years of weekly data the PEO/VTOL correlation comes out at 0.57, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.44 versus 0.57 over 3 years. The 5-year figure is 0.59, and annualized covariance runs at 438.2 %².
Within PEO's tracked universe of 42 assets, VTOL comes in at #28 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PEO ahead by 20.1 points (+41.6% versus +21.5%). Note the risk asymmetry: VTOL runs 1.9 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.
PEO vs VTOL: side by side
| PEO (Adams Natural Resources Fund, Inc.) | VTOL (Bristow Group, Inc.) | |
|---|---|---|
| 1-year return | +41.6% | +21.5% |
| 5-year return | +179.3% | +49.4% |
| Volatility (ann.) | 20.2% | 38.0% |
| Beta vs S&P 500 | 0.30 | 1.00 |
| Max drawdown (3Y) | -18.9% | -35.3% |
| Market cap | $0.8B | $1.4B |
| P/E (trailing) | 4.8 | 13.0 |
| Dividend yield | 7.09% | 0.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PEO | VTOL |
|---|---|---|
| 2022 | +41.8% | -14.3% |
| 2023 | +0.9% | +4.2% |
| 2024 | +13.6% | +21.3% |
| 2025 | +10.0% | +6.8% |
| 2026 | +38.5% | +26.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEO and VTOL good diversifiers for each other?
To a limited degree. At 0.57 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 VTOL?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.44 over the last year and 0.59 over 5 years.
Is VTOL a good diversifier for PEO?
To a limited degree. At 0.57 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 0.57 mean?
On the −1 to +1 scale, 0.57 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-vtol.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/peo-vs-vtol/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PEO correlations · VTOL correlations
