CF vs CHRD: Correlation
How closely do CF Industries (CF) and Chord Energy Corporation (CHRD) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CF and CHRD?
Across a 3-year window, the weekly returns of CF and CHRD correlate at 0.60, strong. Lately the two have moved closer together, with the 1-year correlation at 0.73 versus 0.60 over 3 years. Stretching to 5 years gives 0.50, with an annualized covariance of 692.0 %².
By 3-year correlation, CHRD places #5 of the 50 assets tracked against CF. Over the last 12 months CF came out ahead by 8.0 percentage points (+48.6% against +40.6%).
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.
CF vs CHRD: side by side
| CF (CF Industries) | CHRD (Chord Energy Corporation) | |
|---|---|---|
| 1-year return | +48.6% | +40.6% |
| 5-year return | +211.5% | +164.0% |
| Volatility (ann.) | 32.8% | 35.4% |
| Beta vs S&P 500 | -0.20 | 0.34 |
| Max drawdown (3Y) | -29.2% | -53.9% |
| Market cap | $19.0B | $8.0B |
| P/E (trailing) | 9.3 | 9.5 |
| Dividend yield | 1.59% | 3.71% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | CF | CHRD |
|---|---|---|
| 2022 | +22.3% | +34.1% |
| 2023 | -4.7% | +31.7% |
| 2024 | +10.1% | -25.0% |
| 2025 | -7.2% | -16.4% |
| 2026 | +64.9% | +62.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CF and CHRD good diversifiers for each other?
Only partially. A correlation of 0.60 means CF and CHRD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CF and CHRD?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.73 over the last year and 0.50 over 5 years.
Is CHRD a good diversifier for CF?
Only partially. A correlation of 0.60 means CF and CHRD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cf-vs-chrd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cf-vs-chrd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CF correlations · CHRD correlations
