CNX vs RRC: Correlation
Measured on weekly returns over the past three years, CNX Resources Corporation (CNX) and Range Resources Corporation (RRC) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNX and RRC?
Across a 3-year window, the weekly returns of CNX and RRC correlate at 0.59, moderate. The relationship has been stable: the 1-year correlation (0.67) sits close to the 3-year figure. Stretching to 5 years gives 0.67, with an annualized covariance of 579.2 %².
RRC is one of the assets that tracks CNX most closely: it ranks #2 out of the 12 assets we track against CNX. Neither side won the trailing year by much: +24.2% against +24.3%.
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 RRC: side by side
| CNX (CNX Resources Corporation) | RRC (Range Resources Corporation) | |
|---|---|---|
| 1-year return | +24.2% | +24.3% |
| 5-year return | +229.8% | +195.2% |
| Volatility (ann.) | 29.6% | 33.0% |
| Beta vs S&P 500 | 0.41 | 0.34 |
| Max drawdown (3Y) | -33.4% | -28.0% |
| Market cap | $5.3B | $9.7B |
| P/E (trailing) | 5.8 | 11.5 |
| Dividend yield | 0.00% | 0.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNX | RRC |
|---|---|---|
| 2022 | +22.5% | +41.1% |
| 2023 | +18.8% | +23.1% |
| 2024 | +83.3% | +19.3% |
| 2025 | +0.3% | -1.0% |
| 2026 | -1.8% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNX and RRC good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CNX and RRC?
As of 2026-08-27, the correlation of weekly returns between CNX and RRC is 0.59 over 3 years, 0.67 over 1 year and 0.67 over 5 years.
Is RRC a good diversifier for CNX?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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/cnx-vs-rrc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cnx-vs-rrc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CNX correlations · RRC correlations
