BTU vs METC: Correlation
Peabody Energy Corporation (BTU) and Ramaco Resources, Inc. (METC) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTU and METC?
Across a 3-year window, the weekly returns of BTU and METC correlate at 0.48, moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.48 over 3. Stretching to 5 years gives 0.49, with an annualized covariance of 2161.6 %².
Among the 10 assets we track against BTU, METC ranks #4 by 3-year correlation. The last year tells two different stories: BTU led by 122.7 percentage points, +77.6% for BTU against -45.1% for METC. Note the risk asymmetry: METC runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 METC: side by side
| BTU (Peabody Energy Corporation) | METC (Ramaco Resources, Inc.) | |
|---|---|---|
| 1-year return | +77.6% | -45.1% |
| 5-year return | +95.9% | +83.2% |
| Volatility (ann.) | 52.8% | 86.1% |
| Beta vs S&P 500 | 0.73 | 1.13 |
| Max drawdown (3Y) | -65.1% | -83.7% |
| Market cap | $3.6B | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 1.10% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTU | METC |
|---|---|---|
| 2022 | +162.4% | -33.0% |
| 2023 | -7.0% | +105.9% |
| 2024 | -12.8% | -37.9% |
| 2025 | +44.2% | +77.9% |
| 2026 | -0.0% | -22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTU and METC good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BTU and METC?
The BTU/METC correlation stands at 0.48 on a 3-year window (1 year: 0.52, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is METC a good diversifier for BTU?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
A reading of 0.48 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 · METC correlations
