GFR vs VNOM: Correlation
How closely do Greenfire Resources Ltd. (GFR) and Viper Energy, Inc. (VNOM) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GFR and VNOM?
Across a 3-year window, the weekly returns of GFR and VNOM correlate at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. Stretching to 5 years gives 0.32, with an annualized covariance of 797.4 %².
Among the 11 assets we track against GFR, VNOM ranks #4 by 3-year correlation. Twelve-month performance is nearly a tie, at +23.0% for GFR and +20.5% for VNOM. Risk is not evenly split, since GFR carries 1.7 times the volatility of the other side.
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.
GFR vs VNOM: side by side
| GFR (Greenfire Resources Ltd.) | VNOM (Viper Energy, Inc.) | |
|---|---|---|
| 1-year return | +23.0% | +20.5% |
| 5-year return | -37.0% | +230.6% |
| Volatility (ann.) | 53.7% | 31.8% |
| Beta vs S&P 500 | 0.55 | 0.33 |
| Max drawdown (3Y) | -63.5% | -34.5% |
| Market cap | $0.9B | $23.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 5.54% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GFR | VNOM |
|---|---|---|
| 2022 | +2.7% | +61.7% |
| 2023 | -52.1% | +4.8% |
| 2024 | +45.3% | +65.5% |
| 2025 | -32.6% | -16.6% |
| 2026 | +29.2% | +20.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GFR and VNOM good diversifiers for each other?
Reasonably. At 0.47, GFR and VNOM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GFR and VNOM?
As of 2026-08-27, the correlation of weekly returns between GFR and VNOM is 0.47 over 3 years, 0.47 over 1 year and 0.32 over 5 years.
Is VNOM a good diversifier for GFR?
Reasonably. At 0.47, GFR and VNOM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/gfr-vs-vnom.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gfr-vs-vnom/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GFR correlations · VNOM correlations
