AESI vs PUMP: Correlation
How closely do Atlas Energy Solutions Inc. (AESI) and ProPetro Holding Corp. (PUMP) 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 AESI and PUMP?
Over the past 3 years, AESI and PUMP moved with a correlation of 0.63, which is strong. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 2146.5 %².
Few assets follow AESI as closely as PUMP, which ranks #2 of 12 tracked partners. Correlation aside, the last 12 months split them widely, with PUMP ahead by 117.1 points (+11.1% versus +128.2%).
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 PUMP: side by side
| AESI (Atlas Energy Solutions Inc.) | PUMP (ProPetro Holding Corp.) | |
|---|---|---|
| 1-year return | +11.1% | +128.2% |
| 5-year return | n/a | +45.4% |
| Volatility (ann.) | 52.7% | 65.1% |
| Beta vs S&P 500 | 1.02 | 0.73 |
| Max drawdown (3Y) | -65.9% | -59.1% |
| Market cap | $1.6B | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 2.07% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AESI | PUMP |
|---|---|---|
| 2022 | – | +28.0% |
| 2023 | – | -19.2% |
| 2024 | +34.6% | +11.3% |
| 2025 | -55.3% | +1.9% |
| 2026 | +38.0% | +17.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AESI and PUMP good diversifiers for each other?
Only partially. A correlation of 0.63 means AESI and PUMP 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 PUMP?
The AESI/PUMP correlation stands at 0.63 on a 3-year window (1 year: 0.58, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PUMP a good diversifier for AESI?
Only partially. A correlation of 0.63 means AESI and PUMP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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-pump.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: AESI correlations · PUMP correlations
