SLB vs WFRD: Correlation
Measured on weekly returns over the past three years, Schlumberger (SLB) and Weatherford International plc (WFRD) carry a correlation of 0.74, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLB and WFRD?
Across a 3-year window, the weekly returns of SLB and WFRD correlate at 0.74, strong. Little has changed lately, as the 1-year reading of 0.77 lands near the 3-year figure. Stretching to 5 years gives 0.69, with an annualized covariance of 1199.5 %².
By 3-year correlation, WFRD places #5 of the 35 assets tracked against SLB. On 12-month performance SLB holds a 11.0-point edge, +57.1% against +46.1%.
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.
SLB vs WFRD: side by side
| SLB (Schlumberger) | WFRD (Weatherford International plc) | |
|---|---|---|
| 1-year return | +57.1% | +46.1% |
| 5-year return | +117.1% | +495.5% |
| Volatility (ann.) | 35.1% | 46.3% |
| Beta vs S&P 500 | 0.57 | 1.32 |
| Max drawdown (3Y) | -46.6% | -70.6% |
| Market cap | $81.6B | $6.6B |
| P/E (trailing) | 26.2 | 17.4 |
| Dividend yield | 2.16% | 1.19% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | SLB | WFRD |
|---|---|---|
| 2022 | +81.2% | +83.7% |
| 2023 | -0.8% | +92.1% |
| 2024 | -24.5% | -26.4% |
| 2025 | +3.3% | +11.1% |
| 2026 | +44.9% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLB and WFRD good diversifiers for each other?
Only partially. A correlation of 0.74 means SLB and WFRD 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 SLB and WFRD?
The SLB/WFRD correlation stands at 0.74 on a 3-year window (1 year: 0.77, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is WFRD a good diversifier for SLB?
Only partially. A correlation of 0.74 means SLB and WFRD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.74 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/slb-vs-wfrd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/slb-vs-wfrd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SLB correlations · WFRD correlations
