CRK vs EQT: Correlation
Comstock Resources, Inc. (CRK) and EQT Corporation (EQT) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRK and EQT?
Over the past 3 years, CRK and EQT moved with a correlation of 0.75, which is strong. Recent behaviour matches the longer record: 0.73 over 1 year against 0.75 over 3. Over 5 years the correlation is 0.78, and the annualized covariance of weekly returns is 1510.8 %².
Few assets follow CRK as closely as EQT, which ranks #2 of 11 tracked partners. Correlation aside, the last 12 months split them widely, with EQT ahead by 15.2 points (-7.3% versus +7.9%). Risk is not evenly split, since CRK carries 1.7 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.
CRK vs EQT: side by side
| CRK (Comstock Resources, Inc.) | EQT (EQT Corporation) | |
|---|---|---|
| 1-year return | -7.3% | +7.9% |
| 5-year return | +160.1% | +224.8% |
| Volatility (ann.) | 59.2% | 34.1% |
| Beta vs S&P 500 | 0.66 | 0.52 |
| Max drawdown (3Y) | -59.7% | -31.6% |
| Market cap | $4.3B | $34.3B |
| P/E (trailing) | 8.1 | 12.7 |
| Dividend yield | 0.00% | 1.19% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | CRK | EQT |
|---|---|---|
| 2022 | +70.6% | +57.6% |
| 2023 | -32.4% | +16.2% |
| 2024 | +105.9% | +21.4% |
| 2025 | +27.2% | +17.6% |
| 2026 | -36.9% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRK and EQT good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CRK and EQT?
The CRK/EQT correlation stands at 0.75 on a 3-year window (1 year: 0.73, 5 years: 0.78), computed from weekly returns as of 2026-08-27.
Is EQT a good diversifier for CRK?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crk-vs-eqt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crk-vs-eqt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRK correlations · EQT correlations
