CRK vs TLT: Correlation
Measured on weekly returns over the past three years, Comstock Resources, Inc. (CRK) and iShares 20+ Year Treasury Bond ETF (TLT) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRK and TLT?
Across a 3-year window, the weekly returns of CRK and TLT correlate at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.23 over 3. Stretching to 5 years gives -0.19, with an annualized covariance of -186.0 %².
TLT is close to the least connected end of CRK's tracked universe, ranking #9 of 11. The trailing year gives TLT the advantage: -7.3% versus +0.3%, a 7.6-point spread. Risk is not evenly split, since CRK carries 4.4 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 TLT: side by side
| CRK (Comstock Resources, Inc.) | TLT (iShares 20+ Year Treasury Bond ETF) | |
|---|---|---|
| 1-year return | -7.3% | +0.3% |
| 5-year return | +160.1% | -34.0% |
| Volatility (ann.) | 59.2% | 13.5% |
| Beta vs S&P 500 | 0.66 | 0.11 |
| Max drawdown (3Y) | -59.7% | -14.8% |
| Market cap | $4.3B | – |
| P/E (trailing) | 8.1 | – |
| Dividend yield | 0.00% | 4.75% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $41.5B |
| Sector / category | US Listed | ETF · Bonds |
On the fund side, TLT sits in the Long Government category at iShares, with $41.5B under management, a 0.15% expense ratio, a 4.75% trailing dividend yield.
Year-by-year returns
| Year | CRK | TLT |
|---|---|---|
| 2022 | +70.6% | -31.2% |
| 2023 | -32.4% | +2.8% |
| 2024 | +105.9% | -8.1% |
| 2025 | +27.2% | +4.2% |
| 2026 | -36.9% | -2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRK and TLT good diversifiers for each other?
Yes. With a correlation of -0.23, CRK and TLT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRK and TLT?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.28 over the last year and -0.19 over 5 years.
Is TLT a good diversifier for CRK?
Yes. With a correlation of -0.23, CRK and TLT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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/crk-vs-tlt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crk-vs-tlt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRK correlations · TLT correlations
