CRGY vs EP: Correlation
Measured on weekly returns over the past three years, Crescent Energy Company (CRGY) and Empire Petroleum Corporation (EP) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRGY and EP?
On 3 years of weekly data the CRGY/EP correlation comes out at 0.39, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.26 versus 0.39 over 3 years. The 5-year figure is 0.37, and annualized covariance runs at 1267.5 %².
Within CRGY's tracked universe of 15 assets, EP comes in at #10 by 3-year correlation. The last year tells two different stories: CRGY led by 86.0 percentage points, +53.1% for CRGY against -32.9% for EP.
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.
CRGY vs EP: side by side
| CRGY (Crescent Energy Company) | EP (Empire Petroleum Corporation) | |
|---|---|---|
| 1-year return | +53.1% | -32.9% |
| 5-year return | -0.0% | -46.4% |
| Volatility (ann.) | 48.9% | 67.0% |
| Beta vs S&P 500 | 0.81 | 1.00 |
| Max drawdown (3Y) | -55.9% | -77.9% |
| Market cap | $5.4B | $0.1B |
| P/E (trailing) | 170.6 | – |
| Dividend yield | 3.59% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRGY | EP |
|---|---|---|
| 2022 | -1.5% | +1.9% |
| 2023 | +15.6% | -10.7% |
| 2024 | +15.2% | -30.8% |
| 2025 | -39.6% | -60.0% |
| 2026 | +67.5% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRGY and EP good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRGY and EP?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.26 over the last year and 0.37 over 5 years.
Is EP a good diversifier for CRGY?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 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/crgy-vs-ep.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crgy-vs-ep/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRGY correlations · EP correlations
