ACDC vs AESI: Correlation
How closely do ProFrac Holding Corp. (ACDC) and Atlas Energy Solutions Inc. (AESI) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACDC and AESI?
Over the past 3 years, ACDC and AESI moved with a correlation of 0.63, which is strong. The past 12 months show a tighter link (0.76) than the 3-year average (0.63). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 2669.9 %².
In ACDC's tracked universe of 12 assets, AESI sits right near the top at #1. Correlation aside, the last 12 months split them widely, with ACDC ahead by 15.6 points (+26.7% versus +11.1%). One caveat on sizing: ACDC is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ACDC vs AESI: side by side
| ACDC (ProFrac Holding Corp.) | AESI (Atlas Energy Solutions Inc.) | |
|---|---|---|
| 1-year return | +26.7% | +11.1% |
| 5-year return | -71.0% | n/a |
| Volatility (ann.) | 79.9% | 52.7% |
| Beta vs S&P 500 | 1.30 | 1.02 |
| Max drawdown (3Y) | -73.1% | -65.9% |
| Market cap | $1.0B | $1.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.07% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACDC | AESI |
|---|---|---|
| 2023 | -66.3% | – |
| 2024 | -8.5% | +34.6% |
| 2025 | -49.9% | -55.3% |
| 2026 | +35.2% | +38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACDC and AESI good diversifiers for each other?
To a limited degree. At 0.63 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 ACDC and AESI?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.76 over the last year and n/a over 5 years.
Is AESI a good diversifier for ACDC?
To a limited degree. At 0.63 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 0.63 mean?
A reading of 0.63 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/acdc-vs-aesi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acdc-vs-aesi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACDC correlations · AESI correlations
