EXE vs PR: Correlation
Measured on weekly returns over the past three years, Expand Energy (EXE) and Permian Resources Corporation (PR) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXE and PR?
Across a 3-year window, the weekly returns of EXE and PR correlate at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Stretching to 5 years gives 0.59, with an annualized covariance of 542.2 %².
By 3-year correlation, PR places #15 of the 32 assets tracked against EXE. Their recent paths diverged sharply: over the last 12 months PR outperformed by 65.1 percentage points (+5.2% for EXE against +70.3% for PR).
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.
EXE vs PR: side by side
| EXE (Expand Energy) | PR (Permian Resources Corporation) | |
|---|---|---|
| 1-year return | +5.2% | +70.3% |
| 5-year return | +125.8% | +430.6% |
| Volatility (ann.) | 28.2% | 35.4% |
| Beta vs S&P 500 | 0.31 | 0.39 |
| Max drawdown (3Y) | -28.4% | -39.9% |
| Market cap | $22.7B | $19.4B |
| P/E (trailing) | 8.3 | 14.7 |
| Dividend yield | 3.30% | 2.73% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | EXE | PR |
|---|---|---|
| 2022 | +62.3% | +57.9% |
| 2023 | -14.8% | +49.4% |
| 2024 | +33.2% | +10.7% |
| 2025 | +14.4% | +1.9% |
| 2026 | -9.6% | +68.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXE and PR good diversifiers for each other?
Only partially. A correlation of 0.54 means EXE and PR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EXE and PR?
As of 2026-08-27, the correlation of weekly returns between EXE and PR is 0.54 over 3 years, 0.48 over 1 year and 0.59 over 5 years.
Is PR a good diversifier for EXE?
Only partially. A correlation of 0.54 means EXE and PR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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/exe-vs-pr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/exe-vs-pr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EXE correlations · PR correlations
