SU vs XOM: Correlation
How closely do Suncor Energy Inc. (SU) and ExxonMobil (XOM) trade together? Their weekly returns over three years give a correlation of 0.76, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SU and XOM?
On 3 years of weekly data the SU/XOM correlation comes out at 0.76, strong. Little has changed lately, as the 1-year reading of 0.78 lands near the 3-year figure. The 5-year figure is 0.78, and annualized covariance runs at 539.2 %².
By 3-year correlation, XOM places #9 of the 24 assets tracked against SU. Their recent paths diverged sharply: over the last 12 months SU outperformed by 21.5 percentage points (+64.3% for SU against +42.8% for XOM).
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.
SU vs XOM: side by side
| SU (Suncor Energy Inc.) | XOM (ExxonMobil) | |
|---|---|---|
| 1-year return | +64.3% | +42.8% |
| 5-year return | +325.4% | +237.9% |
| Volatility (ann.) | 29.1% | 24.3% |
| Beta vs S&P 500 | 0.13 | 0.01 |
| Max drawdown (3Y) | -22.7% | -20.1% |
| Market cap | $78.4B | $643.3B |
| P/E (trailing) | 12.1 | 20.1 |
| Dividend yield | 3.61% | 2.58% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | SU | XOM |
|---|---|---|
| 2022 | +32.3% | +87.4% |
| 2023 | +6.0% | -6.3% |
| 2024 | +16.2% | +11.3% |
| 2025 | +27.1% | +16.0% |
| 2026 | +51.9% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SU and XOM good diversifiers for each other?
To a limited degree. At 0.76 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between SU and XOM?
The SU/XOM correlation stands at 0.76 on a 3-year window (1 year: 0.78, 5 years: 0.78), computed from weekly returns as of 2026-08-27.
Is XOM a good diversifier for SU?
To a limited degree. At 0.76 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.76 mean?
On the −1 to +1 scale, 0.76 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/su-vs-xom.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/su-vs-xom/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SU correlations · XOM correlations
