CHRD vs IEF: Correlation
How closely do Chord Energy Corporation (CHRD) and iShares 7-10 Year Treasury Bond ETF (IEF) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRD and IEF?
On 3 years of weekly data the CHRD/IEF correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.61 versus -0.24 over 3 years. The 5-year figure is -0.20, and annualized covariance runs at -56.1 %².
Out of 38 assets tracked against CHRD, IEF lands near the bottom at #37. The last year tells two different stories: CHRD led by 39.7 percentage points, +40.6% for CHRD against +0.9% for IEF. One caveat on sizing: CHRD is 5.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 IEF: side by side
| CHRD (Chord Energy Corporation) | IEF (iShares 7-10 Year Treasury Bond ETF) | |
|---|---|---|
| 1-year return | +40.6% | +0.9% |
| 5-year return | +164.0% | -7.9% |
| Volatility (ann.) | 35.4% | 6.5% |
| Beta vs S&P 500 | 0.34 | 0.04 |
| Max drawdown (3Y) | -53.9% | -6.9% |
| Market cap | $8.0B | – |
| P/E (trailing) | 9.5 | – |
| Dividend yield | 3.71% | 3.96% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $47.2B |
| Sector / category | US Listed | ETF · Bonds |
On the fund side, IEF sits in the Long Government category at iShares, with $47.2B under management, a 0.15% expense ratio, a 3.96% trailing dividend yield.
Year-by-year returns
| Year | CHRD | IEF |
|---|---|---|
| 2022 | +34.1% | -15.2% |
| 2023 | +31.7% | +3.6% |
| 2024 | -25.0% | -0.6% |
| 2025 | -16.4% | +8.0% |
| 2026 | +62.0% | -0.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRD and IEF good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CHRD and IEF?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.61 over the last year and -0.20 over 5 years.
Is IEF a good diversifier for CHRD?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/chrd-vs-ief.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/chrd-vs-ief/)
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Related comparisons
Hubs: CHRD correlations · IEF correlations
