PEO vs XPRO: Correlation
How closely do Adams Natural Resources Fund, Inc. (PEO) and Expro Ltd (XPRO) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEO and XPRO?
Across a 3-year window, the weekly returns of PEO and XPRO correlate at 0.64, strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. Stretching to 5 years gives 0.66, with an annualized covariance of 622.8 %².
By 3-year correlation, XPRO places #22 of the 42 assets tracked against PEO. Neither side won the trailing year by much: +41.6% against +45.6%. Risk is not evenly split, since XPRO carries 2.4 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 XPRO: side by side
| PEO (Adams Natural Resources Fund, Inc.) | XPRO (Expro Ltd) | |
|---|---|---|
| 1-year return | +41.6% | +45.6% |
| 5-year return | +179.3% | +6.0% |
| Volatility (ann.) | 20.2% | 48.4% |
| Beta vs S&P 500 | 0.30 | 0.83 |
| Max drawdown (3Y) | -18.9% | -72.2% |
| Market cap | $0.8B | $2.0B |
| P/E (trailing) | 4.8 | 100.4 |
| Dividend yield | 7.09% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PEO | XPRO |
|---|---|---|
| 2022 | +41.8% | +26.3% |
| 2023 | +0.9% | -12.2% |
| 2024 | +13.6% | -21.7% |
| 2025 | +10.0% | +7.1% |
| 2026 | +38.5% | +35.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEO and XPRO good diversifiers for each other?
Only partially. A correlation of 0.64 means PEO and XPRO 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 PEO and XPRO?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.66 over the last year and 0.66 over 5 years.
Is XPRO a good diversifier for PEO?
Only partially. A correlation of 0.64 means PEO and XPRO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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-xpro.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/peo-vs-xpro/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PEO correlations · XPRO correlations
