AR vs EQT: Correlation
Antero Resources Corporation (AR) and EQT Corporation (EQT) show a very strong relationship: their 3-year correlation of weekly returns is 0.81.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AR and EQT?
On 3 years of weekly data the AR/EQT correlation comes out at 0.81, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.78 over 1 year against 0.81 over 3. The 5-year figure is 0.82, and annualized covariance runs at 1126.6 %².
In AR's tracked universe of 12 assets, EQT sits right near the top at #2. Correlation aside, the last 12 months split them widely, with AR ahead by 15.2 points (+23.1% versus +7.9%).
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.
AR vs EQT: side by side
| AR (Antero Resources Corporation) | EQT (EQT Corporation) | |
|---|---|---|
| 1-year return | +23.1% | +7.9% |
| 5-year return | +181.4% | +224.8% |
| Volatility (ann.) | 40.6% | 34.1% |
| Beta vs S&P 500 | 0.32 | 0.52 |
| Max drawdown (3Y) | -33.2% | -31.6% |
| Market cap | $11.8B | $34.3B |
| P/E (trailing) | 11.0 | 12.7 |
| Dividend yield | 0.00% | 1.19% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | AR | EQT |
|---|---|---|
| 2022 | +77.1% | +57.6% |
| 2023 | -26.8% | +16.2% |
| 2024 | +54.5% | +21.4% |
| 2025 | -1.7% | +17.6% |
| 2026 | +11.8% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AR and EQT good diversifiers for each other?
No: a correlation of 0.81 means AR and EQT tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between AR and EQT?
Using weekly returns as of 2026-08-27: 0.81 over 3 years, with 0.78 over the last year and 0.82 over 5 years.
Is EQT a good diversifier for AR?
No: a correlation of 0.81 means AR and EQT tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.81 mean?
A reading of 0.81 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/ar-vs-eqt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ar-vs-eqt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AR correlations · EQT correlations
