CHRD vs CRGY: Correlation
How closely do Chord Energy Corporation (CHRD) and Crescent Energy Company (CRGY) trade together? Their weekly returns over three years give a correlation of 0.78, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRD and CRGY?
On 3 years of weekly data the CHRD/CRGY correlation comes out at 0.78, strong. Little has changed lately, as the 1-year reading of 0.80 lands near the 3-year figure. The 5-year figure is 0.75, and annualized covariance runs at 1347.8 %².
By 3-year correlation, CRGY places #14 of the 38 assets tracked against CHRD. On 12-month performance CRGY holds a 12.5-point edge, +40.6% against +53.1%.
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 CRGY: side by side
| CHRD (Chord Energy Corporation) | CRGY (Crescent Energy Company) | |
|---|---|---|
| 1-year return | +40.6% | +53.1% |
| 5-year return | +164.0% | -0.0% |
| Volatility (ann.) | 35.4% | 48.9% |
| Beta vs S&P 500 | 0.34 | 0.81 |
| Max drawdown (3Y) | -53.9% | -55.9% |
| Market cap | $8.0B | $5.4B |
| P/E (trailing) | 9.5 | 170.6 |
| Dividend yield | 3.71% | 3.59% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHRD | CRGY |
|---|---|---|
| 2022 | +34.1% | -1.5% |
| 2023 | +31.7% | +15.6% |
| 2024 | -25.0% | +15.2% |
| 2025 | -16.4% | -39.6% |
| 2026 | +62.0% | +67.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRD and CRGY good diversifiers for each other?
Only partially. A correlation of 0.78 means CHRD and CRGY 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 CRGY?
Using weekly returns as of 2026-08-27: 0.78 over 3 years, with 0.80 over the last year and 0.75 over 5 years.
Is CRGY a good diversifier for CHRD?
Only partially. A correlation of 0.78 means CHRD and CRGY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.78 mean?
A reading of 0.78 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: CHRD correlations · CRGY correlations
