LBRT vs RES: Correlation
How closely do Liberty Energy Inc. (LBRT) and RPC, Inc. (RES) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LBRT and RES?
On 3 years of weekly data the LBRT/RES correlation comes out at 0.66, strong. The past 12 months show a weaker link (0.52) than the 3-year average (0.66). The 5-year figure is 0.74, and annualized covariance runs at 1635.3 %².
Few assets follow LBRT as closely as RES, which ranks #3 of 14 tracked partners. Their recent paths diverged sharply: over the last 12 months LBRT outperformed by 33.4 percentage points (+73.9% for LBRT against +40.5% for RES).
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 RES: side by side
| LBRT (Liberty Energy Inc.) | RES (RPC, Inc.) | |
|---|---|---|
| 1-year return | +73.9% | +40.5% |
| 5-year return | +101.9% | +84.8% |
| Volatility (ann.) | 55.9% | 44.2% |
| Beta vs S&P 500 | 0.91 | 0.56 |
| Max drawdown (3Y) | -58.8% | -51.9% |
| Market cap | $3.1B | $1.4B |
| P/E (trailing) | 25.0 | 58.2 |
| Dividend yield | 1.89% | 2.61% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LBRT | RES |
|---|---|---|
| 2022 | +65.6% | +96.7% |
| 2023 | +14.8% | -16.4% |
| 2024 | +11.2% | -16.4% |
| 2025 | -4.9% | -5.5% |
| 2026 | +5.0% | +20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LBRT and RES good diversifiers for each other?
To a limited degree. At 0.66 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 LBRT and RES?
As of 2026-08-27, the correlation of weekly returns between LBRT and RES is 0.66 over 3 years, 0.52 over 1 year and 0.74 over 5 years.
Is RES a good diversifier for LBRT?
To a limited degree. At 0.66 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 0.66 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-res.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lbrt-vs-res/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LBRT correlations · RES correlations
