KLXE vs RES: Correlation
KLX Energy Services Holdings, Inc. (KLXE) and RPC, Inc. (RES) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KLXE and RES?
Across a 3-year window, the weekly returns of KLXE and RES correlate at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Stretching to 5 years gives 0.58, with an annualized covariance of 2134.5 %².
Few assets follow KLXE as closely as RES, which ranks #2 of 11 tracked partners. Correlation aside, the last 12 months split them widely, with RES ahead by 62.8 points (-22.3% versus +40.5%). One caveat on sizing: KLXE is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
KLXE vs RES: side by side
| KLXE (KLX Energy Services Holdings, Inc.) | RES (RPC, Inc.) | |
|---|---|---|
| 1-year return | -22.3% | +40.5% |
| 5-year return | -76.5% | +84.8% |
| Volatility (ann.) | 84.9% | 44.2% |
| Beta vs S&P 500 | 0.89 | 0.56 |
| Max drawdown (3Y) | -88.0% | -51.9% |
| Market cap | – | $1.4B |
| P/E (trailing) | – | 58.2 |
| Dividend yield | 0.00% | 2.61% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KLXE | RES |
|---|---|---|
| 2022 | +458.4% | +96.7% |
| 2023 | -35.0% | -16.4% |
| 2024 | -55.8% | -16.4% |
| 2025 | -62.0% | -5.5% |
| 2026 | -20.6% | +20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KLXE and RES good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between KLXE and RES?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.51 over the last year and 0.58 over 5 years.
Is RES a good diversifier for KLXE?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 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/klxe-vs-res.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/klxe-vs-res/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KLXE correlations · RES correlations
