CHRD vs KGEI: Correlation
Chord Energy Corporation (CHRD) and Kolibri Global Energy Inc. (KGEI) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRD and KGEI?
On 3 years of weekly data the CHRD/KGEI correlation comes out at 0.43, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.74 versus 0.43 over 3 years. The 5-year figure is 0.30, and annualized covariance runs at 783.2 %².
Within CHRD's tracked universe of 38 assets, KGEI comes in at #33 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CHRD outperformed by 35.0 percentage points (+40.6% for CHRD against +5.6% for KGEI).
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 KGEI: side by side
| CHRD (Chord Energy Corporation) | KGEI (Kolibri Global Energy Inc.) | |
|---|---|---|
| 1-year return | +40.6% | +5.6% |
| 5-year return | +164.0% | +631.2% |
| Volatility (ann.) | 35.4% | 51.1% |
| Beta vs S&P 500 | 0.34 | 0.13 |
| Max drawdown (3Y) | -53.9% | -64.7% |
| Market cap | $8.0B | $0.2B |
| P/E (trailing) | 9.5 | 10.6 |
| Dividend yield | 3.71% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHRD | KGEI |
|---|---|---|
| 2022 | +34.1% | +391.7% |
| 2023 | +31.7% | +27.1% |
| 2024 | -25.0% | +41.9% |
| 2025 | -16.4% | -26.1% |
| 2026 | +62.0% | +48.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRD and KGEI good diversifiers for each other?
Reasonably. At 0.43, CHRD and KGEI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CHRD and KGEI?
The CHRD/KGEI correlation stands at 0.43 on a 3-year window (1 year: 0.74, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is KGEI a good diversifier for CHRD?
Reasonably. At 0.43, CHRD and KGEI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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-kgei.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chrd-vs-kgei/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHRD correlations · KGEI correlations
