CHRD vs XOM: Correlation
Chord Energy Corporation (CHRD) and ExxonMobil (XOM) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRD and XOM?
On 3 years of weekly data the CHRD/XOM correlation comes out at 0.75, strong. Recent behaviour matches the longer record: 0.74 over 1 year against 0.75 over 3. The 5-year figure is 0.73, and annualized covariance runs at 643.0 %².
Among the 38 assets we track against CHRD, XOM ranks #17 by 3-year correlation. Their 12-month results are close: +40.6% for CHRD against +42.8% for XOM.
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 XOM: side by side
| CHRD (Chord Energy Corporation) | XOM (ExxonMobil) | |
|---|---|---|
| 1-year return | +40.6% | +42.8% |
| 5-year return | +164.0% | +237.9% |
| Volatility (ann.) | 35.4% | 24.3% |
| Beta vs S&P 500 | 0.34 | 0.01 |
| Max drawdown (3Y) | -53.9% | -20.1% |
| Market cap | $8.0B | $643.3B |
| P/E (trailing) | 9.5 | 20.1 |
| Dividend yield | 3.71% | 2.58% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | CHRD | XOM |
|---|---|---|
| 2022 | +34.1% | +87.4% |
| 2023 | +31.7% | -6.3% |
| 2024 | -25.0% | +11.3% |
| 2025 | -16.4% | +16.0% |
| 2026 | +62.0% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRD and XOM good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CHRD and XOM?
The CHRD/XOM correlation stands at 0.75 on a 3-year window (1 year: 0.74, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is XOM a good diversifier for CHRD?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: CHRD correlations · XOM correlations
