BTU vs HCC: Correlation
Measured on weekly returns over the past three years, Peabody Energy Corporation (BTU) and Warrior Met Coal, Inc. (HCC) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTU and HCC?
Across a 3-year window, the weekly returns of BTU and HCC correlate at 0.66, strong. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. Stretching to 5 years gives 0.65, with an annualized covariance of 1668.8 %².
In BTU's tracked universe of 10 assets, HCC sits right near the top at #2. The trailing year gives HCC the advantage: +77.6% versus +84.3%, a 6.7-point spread.
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.
BTU vs HCC: side by side
| BTU (Peabody Energy Corporation) | HCC (Warrior Met Coal, Inc.) | |
|---|---|---|
| 1-year return | +77.6% | +84.3% |
| 5-year return | +95.9% | +450.1% |
| Volatility (ann.) | 52.8% | 48.0% |
| Beta vs S&P 500 | 0.73 | 0.98 |
| Max drawdown (3Y) | -65.1% | -45.5% |
| Market cap | $3.6B | $5.7B |
| P/E (trailing) | – | 25.3 |
| Dividend yield | 1.10% | 0.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTU | HCC |
|---|---|---|
| 2022 | +162.4% | +41.0% |
| 2023 | -7.0% | +81.6% |
| 2024 | -12.8% | -9.8% |
| 2025 | +44.2% | +63.5% |
| 2026 | -0.0% | +23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTU and HCC good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BTU and HCC?
As of 2026-08-27, the correlation of weekly returns between BTU and HCC is 0.66 over 3 years, 0.62 over 1 year and 0.65 over 5 years.
Is HCC a good diversifier for BTU?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 mean?
A reading of 0.66 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BTU correlations · HCC correlations
