LBRT vs PUMP: Correlation
Measured on weekly returns over the past three years, Liberty Energy Inc. (LBRT) and ProPetro Holding Corp. (PUMP) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LBRT and PUMP?
Across a 3-year window, the weekly returns of LBRT and PUMP correlate at 0.71, strong. The past 12 months show a weaker link (0.58) than the 3-year average (0.71). Stretching to 5 years gives 0.77, with an annualized covariance of 2581.8 %².
Few assets follow LBRT as closely as PUMP, which ranks #1 of 14 tracked partners. Correlation aside, the last 12 months split them widely, with PUMP ahead by 54.3 points (+73.9% versus +128.2%).
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.
LBRT vs PUMP: side by side
| LBRT (Liberty Energy Inc.) | PUMP (ProPetro Holding Corp.) | |
|---|---|---|
| 1-year return | +73.9% | +128.2% |
| 5-year return | +101.9% | +45.4% |
| Volatility (ann.) | 55.9% | 65.1% |
| Beta vs S&P 500 | 0.91 | 0.73 |
| Max drawdown (3Y) | -58.8% | -59.1% |
| Market cap | $3.1B | $1.4B |
| P/E (trailing) | 25.0 | – |
| Dividend yield | 1.89% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LBRT | PUMP |
|---|---|---|
| 2022 | +65.6% | +28.0% |
| 2023 | +14.8% | -19.2% |
| 2024 | +11.2% | +11.3% |
| 2025 | -4.9% | +1.9% |
| 2026 | +5.0% | +17.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LBRT and PUMP good diversifiers for each other?
Only partially. A correlation of 0.71 means LBRT and PUMP 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 LBRT and PUMP?
As of 2026-08-27, the correlation of weekly returns between LBRT and PUMP is 0.71 over 3 years, 0.58 over 1 year and 0.77 over 5 years.
Is PUMP a good diversifier for LBRT?
Only partially. A correlation of 0.71 means LBRT and PUMP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 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/lbrt-vs-pump.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lbrt-vs-pump/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LBRT correlations · PUMP correlations
