CRGY vs PR: Correlation
How closely do Crescent Energy Company (CRGY) and Permian Resources Corporation (PR) trade together? Their weekly returns over three years give a correlation of 0.79, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRGY and PR?
On 3 years of weekly data the CRGY/PR correlation comes out at 0.79, strong. Recent behaviour matches the longer record: 0.82 over 1 year against 0.79 over 3. The 5-year figure is 0.75, and annualized covariance runs at 1366.5 %².
PR is one of the assets that tracks CRGY most closely: it ranks #2 out of the 15 assets we track against CRGY. The last year tells two different stories: PR led by 17.2 percentage points, +53.1% for CRGY against +70.3% for PR.
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 PR: side by side
| CRGY (Crescent Energy Company) | PR (Permian Resources Corporation) | |
|---|---|---|
| 1-year return | +53.1% | +70.3% |
| 5-year return | -0.0% | +430.6% |
| Volatility (ann.) | 48.9% | 35.4% |
| Beta vs S&P 500 | 0.81 | 0.39 |
| Max drawdown (3Y) | -55.9% | -39.9% |
| Market cap | $5.4B | $19.4B |
| P/E (trailing) | 170.6 | 14.7 |
| Dividend yield | 3.59% | 2.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRGY | PR |
|---|---|---|
| 2022 | -1.5% | +57.9% |
| 2023 | +15.6% | +49.4% |
| 2024 | +15.2% | +10.7% |
| 2025 | -39.6% | +1.9% |
| 2026 | +67.5% | +68.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRGY and PR good diversifiers for each other?
To a limited degree. At 0.79 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 PR?
The CRGY/PR correlation stands at 0.79 on a 3-year window (1 year: 0.82, 5 years: 0.75), computed from weekly returns as of 2026-08-27.
Is PR a good diversifier for CRGY?
To a limited degree. At 0.79 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 0.79 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-pr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crgy-vs-pr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRGY correlations · PR correlations
