LBRT vs TTI: Correlation
Measured on weekly returns over the past three years, Liberty Energy Inc. (LBRT) and Tetra Technologies, Inc. (TTI) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LBRT and TTI?
Across a 3-year window, the weekly returns of LBRT and TTI correlate at 0.59, moderate. The link has loosened recently: the 1-year correlation (0.45) runs below the 3-year figure (0.59). Stretching to 5 years gives 0.61, with an annualized covariance of 1949.4 %².
By 3-year correlation, TTI places #7 of the 14 assets tracked against LBRT. Correlation aside, the last 12 months split them widely, with LBRT ahead by 20.2 points (+73.9% versus +53.7%).
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 TTI: side by side
| LBRT (Liberty Energy Inc.) | TTI (Tetra Technologies, Inc.) | |
|---|---|---|
| 1-year return | +73.9% | +53.7% |
| 5-year return | +101.9% | +123.5% |
| Volatility (ann.) | 55.9% | 59.6% |
| Beta vs S&P 500 | 0.91 | 0.96 |
| Max drawdown (3Y) | -58.8% | -67.4% |
| Market cap | $3.1B | $1.0B |
| P/E (trailing) | 25.0 | 173.2 |
| Dividend yield | 1.89% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LBRT | TTI |
|---|---|---|
| 2022 | +65.6% | +21.8% |
| 2023 | +14.8% | +30.6% |
| 2024 | +11.2% | -20.8% |
| 2025 | -4.9% | +161.7% |
| 2026 | +5.0% | -26.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LBRT and TTI good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LBRT and TTI?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.45 over the last year and 0.61 over 5 years.
Is TTI a good diversifier for LBRT?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 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-tti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lbrt-vs-tti/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LBRT correlations · TTI correlations
