CRK vs TRLV: Correlation
Comstock Resources, Inc. (CRK) and Trulieve Cannabis Corp. Subordinate Voting Shares (TRLV) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRK and TRLV?
On 3 years of weekly data the CRK/TRLV correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. The 5-year figure is -0.10, and annualized covariance runs at -1220.7 %².
TRLV is close to the least connected end of CRK's tracked universe, ranking #10 of 11. Their recent paths diverged sharply: over the last 12 months TRLV outperformed by 30.0 percentage points (-7.3% for CRK against +22.7% for TRLV). Note the risk asymmetry: TRLV runs 1.5 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 TRLV: side by side
| CRK (Comstock Resources, Inc.) | TRLV (Trulieve Cannabis Corp. Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | -7.3% | +22.7% |
| 5-year return | +160.1% | -59.1% |
| Volatility (ann.) | 59.2% | 89.9% |
| Beta vs S&P 500 | 0.66 | 1.02 |
| Max drawdown (3Y) | -59.7% | -77.5% |
| Market cap | $4.3B | $2.1B |
| P/E (trailing) | 8.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRK | TRLV |
|---|---|---|
| 2022 | +70.6% | -70.9% |
| 2023 | -32.4% | -31.2% |
| 2024 | +105.9% | -0.5% |
| 2025 | +27.2% | +67.6% |
| 2026 | -36.9% | +26.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRK and TRLV good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CRK and TRLV?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.29 over the last year and -0.10 over 5 years.
Is TRLV a good diversifier for CRK?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
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-trlv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crk-vs-trlv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRK correlations · TRLV correlations
