SLB vs XPRO: Correlation
Schlumberger (SLB) and Expro Ltd (XPRO) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLB and XPRO?
Across a 3-year window, the weekly returns of SLB and XPRO correlate at 0.62, strong. Little has changed lately, as the 1-year reading of 0.66 lands near the 3-year figure. Stretching to 5 years gives 0.63, with an annualized covariance of 1050.7 %².
Among the 35 assets we track against SLB, XPRO ranks #20 by 3-year correlation. The trailing year gives SLB the advantage: +57.1% versus +45.6%, a 11.5-point spread.
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 XPRO: side by side
| SLB (Schlumberger) | XPRO (Expro Ltd) | |
|---|---|---|
| 1-year return | +57.1% | +45.6% |
| 5-year return | +117.1% | +6.0% |
| Volatility (ann.) | 35.1% | 48.4% |
| Beta vs S&P 500 | 0.57 | 0.83 |
| Max drawdown (3Y) | -46.6% | -72.2% |
| Market cap | $81.6B | $2.0B |
| P/E (trailing) | 26.2 | 100.4 |
| Dividend yield | 2.16% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | SLB | XPRO |
|---|---|---|
| 2022 | +81.2% | +26.3% |
| 2023 | -0.8% | -12.2% |
| 2024 | -24.5% | -21.7% |
| 2025 | +3.3% | +7.1% |
| 2026 | +44.9% | +35.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLB and XPRO good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SLB and XPRO?
As of 2026-08-27, the correlation of weekly returns between SLB and XPRO is 0.62 over 3 years, 0.66 over 1 year and 0.63 over 5 years.
Is XPRO a good diversifier for SLB?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 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/slb-vs-xpro.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/slb-vs-xpro/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SLB correlations · XPRO correlations
