CRGY vs REPX: Correlation
How closely do Crescent Energy Company (CRGY) and Riley Exploration Permian, Inc. (REPX) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRGY and REPX?
On 3 years of weekly data the CRGY/REPX correlation comes out at 0.70, strong. The relationship has been stable: the 1-year correlation (0.68) sits close to the 3-year figure. The 5-year figure is 0.61, and annualized covariance runs at 1583.6 %².
Within CRGY's tracked universe of 15 assets, REPX comes in at #7 by 3-year correlation. Over the last 12 months CRGY came out ahead by 13.3 percentage points (+53.1% against +39.8%).
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 REPX: side by side
| CRGY (Crescent Energy Company) | REPX (Riley Exploration Permian, Inc.) | |
|---|---|---|
| 1-year return | +53.1% | +39.8% |
| 5-year return | -0.0% | +145.9% |
| Volatility (ann.) | 48.9% | 46.0% |
| Beta vs S&P 500 | 0.81 | 0.58 |
| Max drawdown (3Y) | -55.9% | -38.0% |
| Market cap | $5.4B | $0.8B |
| P/E (trailing) | 170.6 | 6.7 |
| Dividend yield | 3.59% | 4.27% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRGY | REPX |
|---|---|---|
| 2022 | -1.5% | +60.2% |
| 2023 | +15.6% | -3.9% |
| 2024 | +15.2% | +23.8% |
| 2025 | -39.6% | -12.7% |
| 2026 | +67.5% | +50.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRGY and REPX good diversifiers for each other?
To a limited degree. At 0.70 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 REPX?
As of 2026-08-27, the correlation of weekly returns between CRGY and REPX is 0.70 over 3 years, 0.68 over 1 year and 0.61 over 5 years.
Is REPX a good diversifier for CRGY?
To a limited degree. At 0.70 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 0.70 mean?
A reading of 0.70 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-repx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crgy-vs-repx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRGY correlations · REPX correlations
