CRML vs HPK: Correlation
Critical Metals Corp. (CRML) and HighPeak Energy, Inc. (HPK) 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 CRML and HPK?
Across a 3-year window, the weekly returns of CRML and HPK correlate at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.23 over 3. Stretching to 5 years gives -0.16, with an annualized covariance of -1843.2 %².
HPK is close to the least connected end of CRML's tracked universe, ranking #8 of 11. Correlation aside, the last 12 months split them widely, with CRML ahead by 16.3 points (+23.5% versus +7.2%). Risk is not evenly split, since CRML carries 2.6 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.
CRML vs HPK: side by side
| CRML (Critical Metals Corp.) | HPK (HighPeak Energy, Inc.) | |
|---|---|---|
| 1-year return | +23.5% | +7.2% |
| 5-year return | -19.1% | -11.4% |
| Volatility (ann.) | 144.4% | 55.8% |
| Beta vs S&P 500 | 2.11 | 0.31 |
| Max drawdown (3Y) | -93.9% | -77.8% |
| Market cap | $1.2B | $1.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.03% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRML | HPK |
|---|---|---|
| 2022 | – | +56.9% |
| 2023 | +7.7% | -37.4% |
| 2024 | -38.3% | +4.3% |
| 2025 | +2.2% | -67.2% |
| 2026 | +15.9% | +68.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRML and HPK 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 CRML and HPK?
As of 2026-08-27, the correlation of weekly returns between CRML and HPK is -0.23 over 3 years, -0.33 over 1 year and -0.16 over 5 years.
Is HPK a good diversifier for CRML?
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/crml-vs-hpk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crml-vs-hpk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRML correlations · HPK correlations
