CHRD vs CRC: Correlation
Measured on weekly returns over the past three years, Chord Energy Corporation (CHRD) and California Resources Corporation (CRC) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRD and CRC?
Over the past 3 years, CHRD and CRC moved with a correlation of 0.67, which is strong. Little has changed lately, as the 1-year reading of 0.71 lands near the 3-year figure. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 817.8 %².
By 3-year correlation, CRC places #24 of the 38 assets tracked against CHRD. Correlation aside, the last 12 months split them widely, with CHRD ahead by 32.1 points (+40.6% versus +8.5%).
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.
CHRD vs CRC: side by side
| CHRD (Chord Energy Corporation) | CRC (California Resources Corporation) | |
|---|---|---|
| 1-year return | +40.6% | +8.5% |
| 5-year return | +164.0% | +78.6% |
| Volatility (ann.) | 35.4% | 34.5% |
| Beta vs S&P 500 | 0.34 | 0.59 |
| Max drawdown (3Y) | -53.9% | -44.8% |
| Market cap | $8.0B | $4.7B |
| P/E (trailing) | 9.5 | – |
| Dividend yield | 3.71% | 3.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHRD | CRC |
|---|---|---|
| 2022 | +34.1% | +3.7% |
| 2023 | +31.7% | +28.9% |
| 2024 | -25.0% | -2.6% |
| 2025 | -16.4% | -10.8% |
| 2026 | +62.0% | +20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRD and CRC good diversifiers for each other?
Only partially. A correlation of 0.67 means CHRD and CRC 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 CHRD and CRC?
The CHRD/CRC correlation stands at 0.67 on a 3-year window (1 year: 0.71, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is CRC a good diversifier for CHRD?
Only partially. A correlation of 0.67 means CHRD and CRC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 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/chrd-vs-crc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chrd-vs-crc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CHRD correlations · CRC correlations
