CNX vs CRK: Correlation
How closely do CNX Resources Corporation (CNX) and Comstock Resources, Inc. (CRK) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNX and CRK?
Over the past 3 years, CNX and CRK moved with a correlation of 0.58, which is moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 1015.2 %².
Few assets follow CNX as closely as CRK, which ranks #3 of 12 tracked partners. The last year tells two different stories: CNX led by 31.5 percentage points, +24.2% for CNX against -7.3% for CRK. Risk is not evenly split, since CRK carries 2.0 times the volatility of the other side.
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.
CNX vs CRK: side by side
| CNX (CNX Resources Corporation) | CRK (Comstock Resources, Inc.) | |
|---|---|---|
| 1-year return | +24.2% | -7.3% |
| 5-year return | +229.8% | +160.1% |
| Volatility (ann.) | 29.6% | 59.2% |
| Beta vs S&P 500 | 0.41 | 0.66 |
| Max drawdown (3Y) | -33.4% | -59.7% |
| Market cap | $5.3B | $4.3B |
| P/E (trailing) | 5.8 | 8.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNX | CRK |
|---|---|---|
| 2022 | +22.5% | +70.6% |
| 2023 | +18.8% | -32.4% |
| 2024 | +83.3% | +105.9% |
| 2025 | +0.3% | +27.2% |
| 2026 | -1.8% | -36.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNX and CRK good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CNX and CRK?
As of 2026-08-27, the correlation of weekly returns between CNX and CRK is 0.58 over 3 years, 0.57 over 1 year and 0.63 over 5 years.
Is CRK a good diversifier for CNX?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 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/cnx-vs-crk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnx-vs-crk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNX correlations · CRK correlations
