PNR vs USO: Correlation
Measured on weekly returns over the past three years, Pentair (PNR) and United States Oil Fund (USO) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PNR and USO?
Over the past 3 years, PNR and USO moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.46) runs below the 3-year figure (-0.25). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -281.9 %².
Within PNR's tracked universe of 38 assets, USO comes in at #33 by 3-year correlation. Correlation aside, the last 12 months split them widely, with USO ahead by 116.6 points (-42.5% versus +74.1%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.45 to 0.20.
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.
PNR vs USO: side by side
| PNR (Pentair) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | -42.5% | +74.1% |
| 5-year return | -14.1% | +168.6% |
| Volatility (ann.) | 28.2% | 39.4% |
| Beta vs S&P 500 | 1.07 | -0.20 |
| Max drawdown (3Y) | -45.0% | -32.5% |
| Market cap | $9.9B | – |
| P/E (trailing) | 16.2 | – |
| Dividend yield | 1.65% | – |
| Sector / category | Industrials | ETF · Commodities |
Year-by-year returns
| Year | PNR | USO |
|---|---|---|
| 2022 | -37.4% | +29.0% |
| 2023 | +64.2% | -4.9% |
| 2024 | +40.0% | +13.4% |
| 2025 | +4.5% | -8.5% |
| 2026 | -39.8% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNR and USO good diversifiers for each other?
Yes. With a correlation of -0.25, PNR and USO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PNR and USO?
As of 2026-08-27, the correlation of weekly returns between PNR and USO is -0.25 over 3 years, -0.46 over 1 year and -0.13 over 5 years.
Is USO a good diversifier for PNR?
Yes. With a correlation of -0.25, PNR and USO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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/pnr-vs-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pnr-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PNR correlations · USO correlations
