CRGY vs SBR: Correlation
Crescent Energy Company (CRGY) and Sabine Royalty Trust (SBR) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRGY and SBR?
Across a 3-year window, the weekly returns of CRGY and SBR correlate at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. Stretching to 5 years gives 0.56, with an annualized covariance of 574.2 %².
By 3-year correlation, SBR places #9 of the 15 assets tracked against CRGY. Their recent paths diverged sharply: over the last 12 months CRGY outperformed by 44.0 percentage points (+53.1% for CRGY against +9.1% for SBR). Risk is not evenly split, since CRGY carries 2.1 times the volatility of the other side.
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 SBR: side by side
| CRGY (Crescent Energy Company) | SBR (Sabine Royalty Trust) | |
|---|---|---|
| 1-year return | +53.1% | +9.1% |
| 5-year return | -0.0% | +200.0% |
| Volatility (ann.) | 48.9% | 22.9% |
| Beta vs S&P 500 | 0.81 | 0.33 |
| Max drawdown (3Y) | -55.9% | -18.5% |
| Market cap | $5.4B | $1.1B |
| P/E (trailing) | 170.6 | 15.1 |
| Dividend yield | 3.59% | 6.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRGY | SBR |
|---|---|---|
| 2022 | -1.5% | +132.1% |
| 2023 | +15.6% | -13.1% |
| 2024 | +15.2% | +4.1% |
| 2025 | -39.6% | +14.0% |
| 2026 | +67.5% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRGY and SBR good diversifiers for each other?
To a limited degree. At 0.51 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 SBR?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.58 over the last year and 0.56 over 5 years.
Is SBR a good diversifier for CRGY?
To a limited degree. At 0.51 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 0.51 mean?
A reading of 0.51 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-sbr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crgy-vs-sbr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRGY correlations · SBR correlations
