CNX vs GPOR: Correlation
How closely do CNX Resources Corporation (CNX) and Gulfport Energy Corporation (GPOR) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNX and GPOR?
Over the past 3 years, CNX and GPOR moved with a correlation of 0.54, which is moderate. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 524.0 %².
Among the 12 assets we track against CNX, GPOR ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CNX outperformed by 22.1 percentage points (+24.2% for CNX against +2.1% for GPOR).
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 GPOR: side by side
| CNX (CNX Resources Corporation) | GPOR (Gulfport Energy Corporation) | |
|---|---|---|
| 1-year return | +24.2% | +2.1% |
| 5-year return | +229.8% | +166.3% |
| Volatility (ann.) | 29.6% | 32.5% |
| Beta vs S&P 500 | 0.41 | 0.51 |
| Max drawdown (3Y) | -33.4% | -32.5% |
| Market cap | $5.3B | $3.1B |
| P/E (trailing) | 5.8 | 6.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNX | GPOR |
|---|---|---|
| 2022 | +22.5% | +2.2% |
| 2023 | +18.8% | +80.9% |
| 2024 | +83.3% | +38.3% |
| 2025 | +0.3% | +12.9% |
| 2026 | -1.8% | -15.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNX and GPOR 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 CNX and GPOR?
The CNX/GPOR correlation stands at 0.54 on a 3-year window (1 year: 0.64, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is GPOR a good diversifier for CNX?
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/cnx-vs-gpor.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cnx-vs-gpor/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNX correlations · GPOR correlations
