ACDC vs LBRT: Correlation
Measured on weekly returns over the past three years, ProFrac Holding Corp. (ACDC) and Liberty Energy Inc. (LBRT) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACDC and LBRT?
Across a 3-year window, the weekly returns of ACDC and LBRT correlate at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Stretching to 5 years gives 0.61, with an annualized covariance of 2477.6 %².
By 3-year correlation, LBRT places #5 of the 12 assets tracked against ACDC. Their recent paths diverged sharply: over the last 12 months LBRT outperformed by 47.2 percentage points (+26.7% for ACDC against +73.9% for LBRT).
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 LBRT: side by side
| ACDC (ProFrac Holding Corp.) | LBRT (Liberty Energy Inc.) | |
|---|---|---|
| 1-year return | +26.7% | +73.9% |
| 5-year return | -71.0% | +101.9% |
| Volatility (ann.) | 79.9% | 55.9% |
| Beta vs S&P 500 | 1.30 | 0.91 |
| Max drawdown (3Y) | -73.1% | -58.8% |
| Market cap | $1.0B | $3.1B |
| P/E (trailing) | – | 25.0 |
| Dividend yield | 0.00% | 1.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACDC | LBRT |
|---|---|---|
| 2022 | – | +65.6% |
| 2023 | -66.3% | +14.8% |
| 2024 | -8.5% | +11.2% |
| 2025 | -49.9% | -4.9% |
| 2026 | +35.2% | +5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACDC and LBRT good diversifiers for each other?
Only partially. A correlation of 0.55 means ACDC and LBRT 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 ACDC and LBRT?
As of 2026-08-27, the correlation of weekly returns between ACDC and LBRT is 0.55 over 3 years, 0.57 over 1 year and 0.61 over 5 years.
Is LBRT a good diversifier for ACDC?
Only partially. A correlation of 0.55 means ACDC and LBRT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 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/acdc-vs-lbrt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acdc-vs-lbrt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACDC correlations · LBRT correlations
