CNQ vs GPRK: Correlation
Measured on weekly returns over the past three years, Canadian Natural Resources Limited (CNQ) and Geopark Ltd (GPRK) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNQ and GPRK?
Over the past 3 years, CNQ and GPRK moved with a correlation of 0.54, which is moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.54 over 3. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 686.5 %².
By 3-year correlation, GPRK places #10 of the 20 assets tracked against CNQ. The trailing year gives CNQ the advantage: +62.2% versus +54.0%, a 8.2-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.
CNQ vs GPRK: side by side
| CNQ (Canadian Natural Resources Limited) | GPRK (Geopark Ltd) | |
|---|---|---|
| 1-year return | +62.2% | +54.0% |
| 5-year return | +281.3% | +1.9% |
| Volatility (ann.) | 29.4% | 43.1% |
| Beta vs S&P 500 | 0.06 | 0.41 |
| Max drawdown (3Y) | -35.9% | -47.8% |
| Market cap | $102.6B | $0.6B |
| P/E (trailing) | 12.3 | 6.8 |
| Dividend yield | 4.89% | 1.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNQ | GPRK |
|---|---|---|
| 2022 | +42.9% | +39.0% |
| 2023 | +23.7% | -41.5% |
| 2024 | -1.3% | +15.1% |
| 2025 | +12.6% | -16.8% |
| 2026 | +50.0% | +34.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNQ and GPRK good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CNQ and GPRK?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.49 over the last year and 0.65 over 5 years.
Is GPRK a good diversifier for CNQ?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cnq-vs-gprk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnq-vs-gprk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CNQ correlations · GPRK correlations
