AR vs RRC: Correlation
Measured on weekly returns over the past three years, Antero Resources Corporation (AR) and Range Resources Corporation (RRC) carry a correlation of 0.92, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AR and RRC?
On 3 years of weekly data the AR/RRC correlation comes out at 0.92, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.90 lands near the 3-year figure. The 5-year figure is 0.89, and annualized covariance runs at 1231.6 %².
Few assets follow AR as closely as RRC, which ranks #1 of 12 tracked partners. Their 12-month results are close: +23.1% for AR against +24.3% for RRC.
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 RRC: side by side
| AR (Antero Resources Corporation) | RRC (Range Resources Corporation) | |
|---|---|---|
| 1-year return | +23.1% | +24.3% |
| 5-year return | +181.4% | +195.2% |
| Volatility (ann.) | 40.6% | 33.0% |
| Beta vs S&P 500 | 0.32 | 0.34 |
| Max drawdown (3Y) | -33.2% | -28.0% |
| Market cap | $11.8B | $9.7B |
| P/E (trailing) | 11.0 | 11.5 |
| Dividend yield | 0.00% | 0.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AR | RRC |
|---|---|---|
| 2022 | +77.1% | +41.1% |
| 2023 | -26.8% | +23.1% |
| 2024 | +54.5% | +19.3% |
| 2025 | -1.7% | -1.0% |
| 2026 | +11.8% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AR and RRC good diversifiers for each other?
No. With a correlation of 0.92, AR and RRC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between AR and RRC?
The AR/RRC correlation stands at 0.92 on a 3-year window (1 year: 0.90, 5 years: 0.89), computed from weekly returns as of 2026-08-27.
Is RRC a good diversifier for AR?
No. With a correlation of 0.92, AR and RRC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.92 mean?
On the −1 to +1 scale, 0.92 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/ar-vs-rrc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ar-vs-rrc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AR correlations · RRC correlations
