CRC vs FTK: Correlation
California Resources Corporation (CRC) and Flotek Industries, Inc. (FTK) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRC and FTK?
Over the past 3 years, CRC and FTK moved with a correlation of 0.44, which is moderate. The link has loosened recently: the 1-year correlation (0.17) runs below the 3-year figure (0.44). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 1296.1 %².
Within CRC's tracked universe of 13 assets, FTK comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FTK ahead by 91.7 points (+8.5% versus +100.2%). Note the risk asymmetry: FTK runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CRC vs FTK: side by side
| CRC (California Resources Corporation) | FTK (Flotek Industries, Inc.) | |
|---|---|---|
| 1-year return | +8.5% | +100.2% |
| 5-year return | +78.6% | +196.8% |
| Volatility (ann.) | 34.5% | 84.8% |
| Beta vs S&P 500 | 0.59 | 1.61 |
| Max drawdown (3Y) | -44.8% | -49.6% |
| Market cap | $4.7B | $0.9B |
| P/E (trailing) | – | 24.2 |
| Dividend yield | 3.05% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRC | FTK |
|---|---|---|
| 2022 | +3.7% | -0.9% |
| 2023 | +28.9% | -41.7% |
| 2024 | -2.6% | +143.1% |
| 2025 | -10.8% | +80.8% |
| 2026 | +20.0% | +41.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRC and FTK good diversifiers for each other?
Reasonably. At 0.44, CRC and FTK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CRC and FTK?
As of 2026-08-27, the correlation of weekly returns between CRC and FTK is 0.44 over 3 years, 0.17 over 1 year and 0.31 over 5 years.
Is FTK a good diversifier for CRC?
Reasonably. At 0.44, CRC and FTK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crc-vs-ftk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crc-vs-ftk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRC correlations · FTK correlations
