EXE vs SJT: Correlation
Measured on weekly returns over the past three years, Expand Energy (EXE) and San Juan Basin Royalty Trust (SJT) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXE and SJT?
Over the past 3 years, EXE and SJT moved with a correlation of 0.36, which is moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 416.9 %².
Among the 32 assets we track against EXE, SJT ranks #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EXE outperformed by 58.0 percentage points (+5.2% for EXE 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.
EXE vs SJT: side by side
| EXE (Expand Energy) | SJT (San Juan Basin Royalty Trust) | |
|---|---|---|
| 1-year return | +5.2% | -52.8% |
| 5-year return | +125.8% | -10.0% |
| Volatility (ann.) | 28.2% | 41.6% |
| Beta vs S&P 500 | 0.31 | 0.18 |
| Max drawdown (3Y) | -28.4% | -67.4% |
| Market cap | $22.7B | – |
| P/E (trailing) | 8.3 | – |
| Dividend yield | 3.30% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | EXE | SJT |
|---|---|---|
| 2022 | +62.3% | +120.6% |
| 2023 | -14.8% | -50.0% |
| 2024 | +33.2% | -22.9% |
| 2025 | +14.4% | +46.7% |
| 2026 | -9.6% | -51.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXE and SJT good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EXE and SJT?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.43 over the last year and 0.49 over 5 years.
Is SJT a good diversifier for EXE?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/exe-vs-sjt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/exe-vs-sjt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EXE correlations · SJT correlations
