MKZR vs PR: Correlation
How closely do MacKenzie Realty Capital, Inc. (MKZR) and Permian Resources Corporation (PR) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKZR and PR?
On 3 years of weekly data the MKZR/PR correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.24) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -938.4 %².
PR is close to the least connected end of MKZR's tracked universe, ranking #19 of 23. Their recent paths diverged sharply: over the last 12 months PR outperformed by 146.0 percentage points (-75.7% for MKZR against +70.3% for PR). Note the risk asymmetry: MKZR runs 2.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MKZR vs PR: side by side
| MKZR (MacKenzie Realty Capital, Inc.) | PR (Permian Resources Corporation) | |
|---|---|---|
| 1-year return | -75.7% | +70.3% |
| 5-year return | n/a | +430.6% |
| Volatility (ann.) | 91.6% | 35.4% |
| Beta vs S&P 500 | 0.74 | 0.39 |
| Max drawdown (3Y) | -97.8% | -39.9% |
| Market cap | – | $19.4B |
| P/E (trailing) | – | 14.7 |
| Dividend yield | 0.00% | 2.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MKZR | PR |
|---|---|---|
| 2022 | – | +57.9% |
| 2023 | – | +49.4% |
| 2024 | – | +10.7% |
| 2025 | -86.7% | +1.9% |
| 2026 | -63.1% | +68.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKZR and PR good diversifiers for each other?
Yes. With a correlation of -0.27, MKZR and PR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MKZR and PR?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.24 over the last year and n/a over 5 years.
Is PR a good diversifier for MKZR?
Yes. With a correlation of -0.27, MKZR and PR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mkzr-vs-pr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mkzr-vs-pr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MKZR correlations · PR correlations
