AESI vs LBRT: Correlation
How closely do Atlas Energy Solutions Inc. (AESI) and Liberty Energy Inc. (LBRT) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AESI and LBRT?
Across a 3-year window, the weekly returns of AESI and LBRT correlate at 0.59, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 1743.3 %².
Within AESI's tracked universe of 12 assets, LBRT comes in at #4 by 3-year correlation. The last year tells two different stories: LBRT led by 62.8 percentage points, +11.1% for AESI 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.
AESI vs LBRT: side by side
| AESI (Atlas Energy Solutions Inc.) | LBRT (Liberty Energy Inc.) | |
|---|---|---|
| 1-year return | +11.1% | +73.9% |
| 5-year return | n/a | +101.9% |
| Volatility (ann.) | 52.7% | 55.9% |
| Beta vs S&P 500 | 1.02 | 0.91 |
| Max drawdown (3Y) | -65.9% | -58.8% |
| Market cap | $1.6B | $3.1B |
| P/E (trailing) | – | 25.0 |
| Dividend yield | 2.07% | 1.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AESI | LBRT |
|---|---|---|
| 2022 | – | +65.6% |
| 2023 | – | +14.8% |
| 2024 | +34.6% | +11.2% |
| 2025 | -55.3% | -4.9% |
| 2026 | +38.0% | +5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AESI and LBRT good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AESI and LBRT?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.49 over the last year and n/a over 5 years.
Is LBRT a good diversifier for AESI?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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/aesi-vs-lbrt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aesi-vs-lbrt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AESI correlations · LBRT correlations
