EQT vs SJT: Correlation
EQT Corporation (EQT) and San Juan Basin Royalty Trust (SJT) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQT and SJT?
Across a 3-year window, the weekly returns of EQT and SJT correlate at 0.33, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.45 versus 0.33 over 3 years. Stretching to 5 years gives 0.51, with an annualized covariance of 474.1 %².
Among the 31 assets we track against EQT, SJT ranks #19 by 3-year correlation. The last year tells two different stories: EQT led by 60.7 percentage points, +7.9% for EQT against -52.8% for SJT.
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 SJT: side by side
| EQT (EQT Corporation) | SJT (San Juan Basin Royalty Trust) | |
|---|---|---|
| 1-year return | +7.9% | -52.8% |
| 5-year return | +224.8% | -10.0% |
| Volatility (ann.) | 34.1% | 41.6% |
| Beta vs S&P 500 | 0.52 | 0.18 |
| Max drawdown (3Y) | -31.6% | -67.4% |
| Market cap | $34.3B | – |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 1.19% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | EQT | SJT |
|---|---|---|
| 2022 | +57.6% | +120.6% |
| 2023 | +16.2% | -50.0% |
| 2024 | +21.4% | -22.9% |
| 2025 | +17.6% | +46.7% |
| 2026 | +3.1% | -51.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQT and SJT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EQT and SJT?
The EQT/SJT correlation stands at 0.33 on a 3-year window (1 year: 0.45, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is SJT a good diversifier for EQT?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/eqt-vs-sjt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eqt-vs-sjt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EQT correlations · SJT correlations
