CRK vs RRC: Correlation
How closely do Comstock Resources, Inc. (CRK) and Range Resources Corporation (RRC) trade together? Their weekly returns over three years give a correlation of 0.75, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRK and RRC?
Across a 3-year window, the weekly returns of CRK and RRC correlate at 0.75, strong. The relationship has been stable: the 1-year correlation (0.69) sits close to the 3-year figure. Stretching to 5 years gives 0.75, with an annualized covariance of 1461.4 %².
Few assets follow CRK as closely as RRC, which ranks #3 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months RRC outperformed by 31.6 percentage points (-7.3% for CRK against +24.3% for RRC). Note the risk asymmetry: CRK runs 1.8 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 RRC: side by side
| CRK (Comstock Resources, Inc.) | RRC (Range Resources Corporation) | |
|---|---|---|
| 1-year return | -7.3% | +24.3% |
| 5-year return | +160.1% | +195.2% |
| Volatility (ann.) | 59.2% | 33.0% |
| Beta vs S&P 500 | 0.66 | 0.34 |
| Max drawdown (3Y) | -59.7% | -28.0% |
| Market cap | $4.3B | $9.7B |
| P/E (trailing) | 8.1 | 11.5 |
| Dividend yield | 0.00% | 0.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRK | RRC |
|---|---|---|
| 2022 | +70.6% | +41.1% |
| 2023 | -32.4% | +23.1% |
| 2024 | +105.9% | +19.3% |
| 2025 | +27.2% | -1.0% |
| 2026 | -36.9% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRK and RRC good diversifiers for each other?
Only partially. A correlation of 0.75 means CRK and RRC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CRK and RRC?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with 0.69 over the last year and 0.75 over 5 years.
Is RRC a good diversifier for CRK?
Only partially. A correlation of 0.75 means CRK and RRC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 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 · RRC correlations
