EQT vs RRC: Correlation
EQT Corporation (EQT) and Range Resources Corporation (RRC) show a very strong relationship: their 3-year correlation of weekly returns is 0.83.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQT and RRC?
Over the past 3 years, EQT and RRC moved with a correlation of 0.83, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.83 over 1 year against 0.83 over 3. Over 5 years the correlation is 0.81, and the annualized covariance of weekly returns is 927.2 %².
In EQT's tracked universe of 31 assets, RRC sits right near the top at #2. The last year tells two different stories: RRC led by 16.4 percentage points, +7.9% for EQT against +24.3% for RRC.
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.
EQT vs RRC: side by side
| EQT (EQT Corporation) | RRC (Range Resources Corporation) | |
|---|---|---|
| 1-year return | +7.9% | +24.3% |
| 5-year return | +224.8% | +195.2% |
| Volatility (ann.) | 34.1% | 33.0% |
| Beta vs S&P 500 | 0.52 | 0.34 |
| Max drawdown (3Y) | -31.6% | -28.0% |
| Market cap | $34.3B | $9.7B |
| P/E (trailing) | 12.7 | 11.5 |
| Dividend yield | 1.19% | 0.91% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | EQT | RRC |
|---|---|---|
| 2022 | +57.6% | +41.1% |
| 2023 | +16.2% | +23.1% |
| 2024 | +21.4% | +19.3% |
| 2025 | +17.6% | -1.0% |
| 2026 | +3.1% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQT and RRC good diversifiers for each other?
No: a correlation of 0.83 means EQT and RRC tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between EQT and RRC?
The EQT/RRC correlation stands at 0.83 on a 3-year window (1 year: 0.83, 5 years: 0.81), computed from weekly returns as of 2026-08-27.
Is RRC a good diversifier for EQT?
No: a correlation of 0.83 means EQT and RRC tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.83 mean?
A reading of 0.83 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/eqt-vs-rrc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eqt-vs-rrc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EQT correlations · RRC correlations
