CRK vs EXE: Correlation
Comstock Resources, Inc. (CRK) and Expand Energy (EXE) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRK and EXE?
Over the past 3 years, CRK and EXE moved with a correlation of 0.76, which is strong. Recent behaviour matches the longer record: 0.85 over 1 year against 0.76 over 3. Over 5 years the correlation is 0.74, and the annualized covariance of weekly returns is 1268.3 %².
Few assets follow CRK as closely as EXE, which ranks #1 of 11 tracked partners. Over the last 12 months EXE came out ahead by 12.5 percentage points (-7.3% against +5.2%). Note the risk asymmetry: CRK runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 EXE: side by side
| CRK (Comstock Resources, Inc.) | EXE (Expand Energy) | |
|---|---|---|
| 1-year return | -7.3% | +5.2% |
| 5-year return | +160.1% | +125.8% |
| Volatility (ann.) | 59.2% | 28.2% |
| Beta vs S&P 500 | 0.66 | 0.31 |
| Max drawdown (3Y) | -59.7% | -28.4% |
| Market cap | $4.3B | $22.7B |
| P/E (trailing) | 8.1 | 8.3 |
| Dividend yield | 0.00% | 3.30% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | CRK | EXE |
|---|---|---|
| 2022 | +70.6% | +62.3% |
| 2023 | -32.4% | -14.8% |
| 2024 | +105.9% | +33.2% |
| 2025 | +27.2% | +14.4% |
| 2026 | -36.9% | -9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRK and EXE good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CRK and EXE?
Using weekly returns as of 2026-08-27: 0.76 over 3 years, with 0.85 over the last year and 0.74 over 5 years.
Is EXE a good diversifier for CRK?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.76 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
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Related comparisons
Hubs: CRK correlations · EXE correlations
