AROC vs EFXT: Correlation
Archrock, Inc. (AROC) and Enerflex Ltd (EFXT) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AROC and EFXT?
Over the past 3 years, AROC and EFXT moved with a correlation of 0.57, which is moderate. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 920.6 %².
By 3-year correlation, EFXT places #8 of the 17 assets tracked against AROC. Their recent paths diverged sharply: over the last 12 months EFXT outperformed by 79.3 percentage points (+34.4% for AROC against +113.7% for EFXT).
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.
AROC vs EFXT: side by side
| AROC (Archrock, Inc.) | EFXT (Enerflex Ltd) | |
|---|---|---|
| 1-year return | +34.4% | +113.7% |
| 5-year return | +420.1% | +257.3% |
| Volatility (ann.) | 36.3% | 44.8% |
| Beta vs S&P 500 | 0.87 | 0.65 |
| Max drawdown (3Y) | -30.3% | -38.6% |
| Market cap | $5.6B | $2.5B |
| P/E (trailing) | 17.0 | 45.2 |
| Dividend yield | 2.78% | 0.61% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AROC | EFXT |
|---|---|---|
| 2022 | +28.8% | +5.8% |
| 2023 | +81.0% | -25.1% |
| 2024 | +67.6% | +115.8% |
| 2025 | +8.0% | +56.2% |
| 2026 | +25.6% | +35.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AROC and EFXT good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AROC and EFXT?
As of 2026-08-27, the correlation of weekly returns between AROC and EFXT is 0.57 over 3 years, 0.63 over 1 year and 0.52 over 5 years.
Is EFXT a good diversifier for AROC?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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/aroc-vs-efxt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aroc-vs-efxt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AROC correlations · EFXT correlations
