AESI vs PTEN: Correlation
How closely do Atlas Energy Solutions Inc. (AESI) and Patterson-UTI Energy, Inc. (PTEN) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AESI and PTEN?
On 3 years of weekly data the AESI/PTEN correlation comes out at 0.56, moderate. The link has loosened recently: the 1-year correlation (0.44) runs below the 3-year figure (0.56). The 5-year figure is n/a, and annualized covariance runs at 1423.3 %².
Among the 12 assets we track against AESI, PTEN ranks #5 by 3-year correlation. The last year tells two different stories: PTEN led by 114.3 percentage points, +11.1% for AESI against +125.4% for PTEN.
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 PTEN: side by side
| AESI (Atlas Energy Solutions Inc.) | PTEN (Patterson-UTI Energy, Inc.) | |
|---|---|---|
| 1-year return | +11.1% | +125.4% |
| 5-year return | n/a | +84.8% |
| Volatility (ann.) | 52.7% | 48.6% |
| Beta vs S&P 500 | 1.02 | 0.60 |
| Max drawdown (3Y) | -65.9% | -64.6% |
| Market cap | $1.6B | $4.7B |
| P/E (trailing) | – | – |
| Dividend yield | 2.07% | 3.06% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AESI | PTEN |
|---|---|---|
| 2022 | – | +101.7% |
| 2023 | – | -34.2% |
| 2024 | +34.6% | -21.0% |
| 2025 | -55.3% | -22.1% |
| 2026 | +38.0% | +104.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AESI and PTEN good diversifiers for each other?
Only partially. A correlation of 0.56 means AESI and PTEN 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 AESI and PTEN?
The AESI/PTEN correlation stands at 0.56 on a 3-year window (1 year: 0.44, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PTEN a good diversifier for AESI?
Only partially. A correlation of 0.56 means AESI and PTEN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 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/aesi-vs-pten.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aesi-vs-pten/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AESI correlations · PTEN correlations
