CRGY vs GRNT: Correlation
Crescent Energy Company (CRGY) and Granite Ridge Resources, Inc. (GRNT) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRGY and GRNT?
Over the past 3 years, CRGY and GRNT moved with a correlation of 0.67, which is strong. The relationship has been stable: the 1-year correlation (0.75) sits close to the 3-year figure. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 1287.3 %².
Among the 15 assets we track against CRGY, GRNT ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CRGY ahead by 53.5 points (+53.1% versus -0.4%).
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 GRNT: side by side
| CRGY (Crescent Energy Company) | GRNT (Granite Ridge Resources, Inc.) | |
|---|---|---|
| 1-year return | +53.1% | -0.4% |
| 5-year return | -0.0% | -31.9% |
| Volatility (ann.) | 48.9% | 39.2% |
| Beta vs S&P 500 | 0.81 | 0.55 |
| Max drawdown (3Y) | -55.9% | -36.8% |
| Market cap | $5.4B | $0.7B |
| P/E (trailing) | 170.6 | – |
| Dividend yield | 3.59% | 8.80% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRGY | GRNT |
|---|---|---|
| 2022 | -1.5% | -7.1% |
| 2023 | +15.6% | -28.5% |
| 2024 | +15.2% | +14.9% |
| 2025 | -39.6% | -21.3% |
| 2026 | +67.5% | +12.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRGY and GRNT good diversifiers for each other?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CRGY and GRNT?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.75 over the last year and 0.48 over 5 years.
Is GRNT a good diversifier for CRGY?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.67 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/crgy-vs-grnt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crgy-vs-grnt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRGY correlations · GRNT correlations
