EXE vs RRC: Correlation
How closely do Expand Energy (EXE) and Range Resources Corporation (RRC) trade together? Their weekly returns over three years give a correlation of 0.80, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXE and RRC?
Across a 3-year window, the weekly returns of EXE and RRC correlate at 0.80, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.78) sits close to the 3-year figure. Stretching to 5 years gives 0.78, with an annualized covariance of 745.0 %².
Few assets follow EXE as closely as RRC, which ranks #3 of 32 tracked partners. The last year tells two different stories: RRC led by 19.1 percentage points, +5.2% for EXE 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.
EXE vs RRC: side by side
| EXE (Expand Energy) | RRC (Range Resources Corporation) | |
|---|---|---|
| 1-year return | +5.2% | +24.3% |
| 5-year return | +125.8% | +195.2% |
| Volatility (ann.) | 28.2% | 33.0% |
| Beta vs S&P 500 | 0.31 | 0.34 |
| Max drawdown (3Y) | -28.4% | -28.0% |
| Market cap | $22.7B | $9.7B |
| P/E (trailing) | 8.3 | 11.5 |
| Dividend yield | 3.30% | 0.91% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | EXE | RRC |
|---|---|---|
| 2022 | +62.3% | +41.1% |
| 2023 | -14.8% | +23.1% |
| 2024 | +33.2% | +19.3% |
| 2025 | +14.4% | -1.0% |
| 2026 | -9.6% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXE and RRC good diversifiers for each other?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between EXE and RRC?
Using weekly returns as of 2026-08-27: 0.80 over 3 years, with 0.78 over the last year and 0.78 over 5 years.
Is RRC a good diversifier for EXE?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.80 mean?
A reading of 0.80 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/exe-vs-rrc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/exe-vs-rrc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EXE correlations · RRC correlations
