CRT vs UGI: Correlation
Measured on weekly returns over the past three years, Cross Timbers Royalty Trust (CRT) and UGI Corporation (UGI) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRT and UGI?
Across a 3-year window, the weekly returns of CRT and UGI correlate at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. Stretching to 5 years gives 0.28, with an annualized covariance of 416.5 %².
Within CRT's tracked universe of 11 assets, UGI comes in at #4 by 3-year correlation. The last year tells two different stories: CRT led by 15.2 percentage points, +29.0% for CRT against +13.8% for UGI.
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.
CRT vs UGI: side by side
| CRT (Cross Timbers Royalty Trust) | UGI (UGI Corporation) | |
|---|---|---|
| 1-year return | +29.0% | +13.8% |
| 5-year return | +30.9% | +3.7% |
| Volatility (ann.) | 36.4% | 28.1% |
| Beta vs S&P 500 | 0.11 | 0.14 |
| Max drawdown (3Y) | -63.5% | -19.6% |
| Market cap | $0.1B | $8.2B |
| P/E (trailing) | 19.8 | 12.8 |
| Dividend yield | 5.05% | 3.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRT | UGI |
|---|---|---|
| 2022 | +145.9% | -16.1% |
| 2023 | -24.4% | -29.8% |
| 2024 | -39.1% | +21.9% |
| 2025 | -13.1% | +38.3% |
| 2026 | +36.2% | +4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRT and UGI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRT and UGI?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.34 over the last year and 0.28 over 5 years.
Is UGI a good diversifier for CRT?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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
$ curl https://www.pairbook.io/api/v1/pairs/crt-vs-ugi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crt-vs-ugi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRT correlations · UGI correlations
