SYY vs USO: Correlation
Measured on weekly returns over the past three years, Sysco (SYY) and United States Oil Fund (USO) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SYY and USO?
Across a 3-year window, the weekly returns of SYY and USO correlate at -0.28, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.38 lands near the 3-year figure. Stretching to 5 years gives -0.11, with an annualized covariance of -220.6 %².
Among the 33 assets we track against SYY, USO sits near the bottom by co-movement, at rank #30. Their recent paths diverged sharply: over the last 12 months USO outperformed by 68.5 percentage points (+5.6% for SYY against +74.1% for USO). This link changes with the market regime, having swung between -0.46 and 0.18 on a rolling one-year basis. Note the risk asymmetry: USO runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
SYY vs USO: side by side
| SYY (Sysco) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | +5.6% | +74.1% |
| 5-year return | +19.2% | +168.6% |
| Volatility (ann.) | 20.3% | 39.4% |
| Beta vs S&P 500 | 0.14 | -0.20 |
| Max drawdown (3Y) | -24.0% | -32.5% |
| Market cap | $39.5B | – |
| P/E (trailing) | 22.5 | – |
| Dividend yield | 2.61% | – |
| Sector / category | Consumer Staples | ETF · Commodities |
Year-by-year returns
| Year | SYY | USO |
|---|---|---|
| 2022 | -0.3% | +29.0% |
| 2023 | -1.7% | -4.9% |
| 2024 | +7.4% | +13.4% |
| 2025 | -1.0% | -8.5% |
| 2026 | +14.3% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SYY and USO good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between SYY and USO?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.38 over the last year and -0.11 over 5 years.
Is USO a good diversifier for SYY?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 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/syy-vs-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/syy-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SYY correlations · USO correlations
