CNR vs SXC: Correlation
Core Natural Resources, Inc. (CNR) and SunCoke Energy, Inc. (SXC) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNR and SXC?
Over the past 3 years, CNR and SXC moved with a correlation of 0.47, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.34 versus 0.47 over 3 years. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 844.0 %².
Among the 13 assets we track against CNR, SXC ranks #5 by 3-year correlation. The trailing year gives SXC the advantage: +40.3% versus +45.9%, a 5.6-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.
CNR vs SXC: side by side
| CNR (Core Natural Resources, Inc.) | SXC (SunCoke Energy, Inc.) | |
|---|---|---|
| 1-year return | +40.3% | +45.9% |
| 5-year return | +395.6% | +84.8% |
| Volatility (ann.) | 43.9% | 40.5% |
| Beta vs S&P 500 | 0.53 | 0.74 |
| Max drawdown (3Y) | -52.1% | -52.0% |
| Market cap | $5.0B | $0.9B |
| P/E (trailing) | 49.3 | – |
| Dividend yield | 0.41% | 4.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNR | SXC |
|---|---|---|
| 2022 | +195.5% | +35.9% |
| 2023 | +60.7% | +29.8% |
| 2024 | +6.6% | +4.0% |
| 2025 | -16.6% | -28.6% |
| 2026 | +15.1% | +49.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNR and SXC good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CNR and SXC?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.34 over the last year and 0.51 over 5 years.
Is SXC a good diversifier for CNR?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/cnr-vs-sxc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cnr-vs-sxc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CNR correlations · SXC correlations
