EPD vs SJT: Correlation
Enterprise Products Partners L.P. (EPD) and San Juan Basin Royalty Trust (SJT) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPD and SJT?
On 3 years of weekly data the EPD/SJT correlation comes out at 0.34, moderate. The past 12 months show a weaker link (0.23) than the 3-year average (0.34). The 5-year figure is 0.42, and annualized covariance runs at 230.4 %².
By 3-year correlation, SJT places #7 of the 12 assets tracked against EPD. The last year tells two different stories: EPD led by 84.3 percentage points, +31.5% for EPD against -52.8% for SJT. Note the risk asymmetry: SJT runs 2.5 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.
EPD vs SJT: side by side
| EPD (Enterprise Products Partners L.P.) | SJT (San Juan Basin Royalty Trust) | |
|---|---|---|
| 1-year return | +31.5% | -52.8% |
| 5-year return | +150.0% | -10.0% |
| Volatility (ann.) | 16.4% | 41.6% |
| Beta vs S&P 500 | 0.15 | 0.18 |
| Max drawdown (3Y) | -15.4% | -67.4% |
| Market cap | $84.3B | – |
| P/E (trailing) | 13.6 | – |
| Dividend yield | 5.63% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EPD | SJT |
|---|---|---|
| 2022 | +18.3% | +120.6% |
| 2023 | +17.7% | -50.0% |
| 2024 | +28.0% | -22.9% |
| 2025 | +9.5% | +46.7% |
| 2026 | +27.5% | -51.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPD and SJT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EPD and SJT?
The EPD/SJT correlation stands at 0.34 on a 3-year window (1 year: 0.23, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is SJT a good diversifier for EPD?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 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/epd-vs-sjt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/epd-vs-sjt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EPD correlations · SJT correlations
