CHRD vs PR: Correlation
Measured on weekly returns over the past three years, Chord Energy Corporation (CHRD) and Permian Resources Corporation (PR) carry a correlation of 0.85, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRD and PR?
Over the past 3 years, CHRD and PR moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.83 over 1 year against 0.85 over 3. Over 5 years the correlation is 0.77, and the annualized covariance of weekly returns is 1063.4 %².
Few assets follow CHRD as closely as PR, which ranks #2 of 38 tracked partners. The last year tells two different stories: PR led by 29.7 percentage points, +40.6% for CHRD against +70.3% for PR.
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 PR: side by side
| CHRD (Chord Energy Corporation) | PR (Permian Resources Corporation) | |
|---|---|---|
| 1-year return | +40.6% | +70.3% |
| 5-year return | +164.0% | +430.6% |
| Volatility (ann.) | 35.4% | 35.4% |
| Beta vs S&P 500 | 0.34 | 0.39 |
| Max drawdown (3Y) | -53.9% | -39.9% |
| Market cap | $8.0B | $19.4B |
| P/E (trailing) | 9.5 | 14.7 |
| Dividend yield | 3.71% | 2.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHRD | PR |
|---|---|---|
| 2022 | +34.1% | +57.9% |
| 2023 | +31.7% | +49.4% |
| 2024 | -25.0% | +10.7% |
| 2025 | -16.4% | +1.9% |
| 2026 | +62.0% | +68.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRD and PR good diversifiers for each other?
No: a correlation of 0.85 means CHRD and PR tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between CHRD and PR?
Using weekly returns as of 2026-08-27: 0.85 over 3 years, with 0.83 over the last year and 0.77 over 5 years.
Is PR a good diversifier for CHRD?
No: a correlation of 0.85 means CHRD and PR tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.85 mean?
On the −1 to +1 scale, 0.85 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-pr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chrd-vs-pr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHRD correlations · PR correlations
