CHRD vs MUR: Correlation
Chord Energy Corporation (CHRD) and Murphy Oil Corporation (MUR) show a very strong relationship: their 3-year correlation of weekly returns is 0.81.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRD and MUR?
Over the past 3 years, CHRD and MUR moved with a correlation of 0.81, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.73 over 1 year against 0.81 over 3. Over 5 years the correlation is 0.79, and the annualized covariance of weekly returns is 1135.2 %².
By 3-year correlation, MUR places #12 of the 38 assets tracked against CHRD. The trailing year gives MUR the advantage: +40.6% versus +51.7%, a 11.1-point spread.
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 MUR: side by side
| CHRD (Chord Energy Corporation) | MUR (Murphy Oil Corporation) | |
|---|---|---|
| 1-year return | +40.6% | +51.7% |
| 5-year return | +164.0% | +96.7% |
| Volatility (ann.) | 35.4% | 39.7% |
| Beta vs S&P 500 | 0.34 | 0.16 |
| Max drawdown (3Y) | -53.9% | -58.5% |
| Market cap | $8.0B | $5.2B |
| P/E (trailing) | 9.5 | 17.2 |
| Dividend yield | 3.71% | 3.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHRD | MUR |
|---|---|---|
| 2022 | +34.1% | +68.5% |
| 2023 | +31.7% | +2.0% |
| 2024 | -25.0% | -26.8% |
| 2025 | -16.4% | +8.7% |
| 2026 | +62.0% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRD and MUR good diversifiers for each other?
No. With a correlation of 0.81, CHRD and MUR move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between CHRD and MUR?
Using weekly returns as of 2026-08-27: 0.81 over 3 years, with 0.73 over the last year and 0.79 over 5 years.
Is MUR a good diversifier for CHRD?
No. With a correlation of 0.81, CHRD and MUR move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.81 mean?
A reading of 0.81 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-mur.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chrd-vs-mur/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHRD correlations · MUR correlations
