PRGS vs USO: Correlation
Measured on weekly returns over the past three years, Progress Software Corporation (PRGS) and United States Oil Fund (USO) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRGS and USO?
Over the past 3 years, PRGS and USO moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.37 lands near the 3-year figure. Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -441.2 %².
USO is close to the least connected end of PRGS's tracked universe, ranking #14 of 14. Their recent paths diverged sharply: over the last 12 months USO outperformed by 77.6 percentage points (-3.5% for PRGS against +74.1% for USO).
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.
PRGS vs USO: side by side
| PRGS (Progress Software Corporation) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | -3.5% | +74.1% |
| 5-year return | +1.2% | +168.6% |
| Volatility (ann.) | 38.3% | 39.4% |
| Beta vs S&P 500 | 0.62 | -0.20 |
| Max drawdown (3Y) | -64.1% | -32.5% |
| Market cap | $1.9B | – |
| P/E (trailing) | 22.0 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Commodities |
Year-by-year returns
| Year | PRGS | USO |
|---|---|---|
| 2022 | +6.0% | +29.0% |
| 2023 | +8.9% | -4.9% |
| 2024 | +21.2% | +13.4% |
| 2025 | -34.1% | -8.5% |
| 2026 | +5.3% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRGS and USO good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PRGS and USO?
The PRGS/USO correlation stands at -0.29 on a 3-year window (1 year: -0.37, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is USO a good diversifier for PRGS?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/prgs-vs-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/prgs-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PRGS correlations · USO correlations
