PARR vs RGLD: Correlation
Par Pacific Holdings, Inc. (PARR) and Royal Gold, Inc. (RGLD) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PARR and RGLD?
On 3 years of weekly data the PARR/RGLD correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.48) runs below the 3-year figure (-0.22). The 5-year figure is -0.09, and annualized covariance runs at -404.4 %².
By 3-year correlation, RGLD places #16 of the 22 assets tracked against PARR. The last year tells two different stories: PARR led by 72.2 percentage points, +125.5% for PARR against +53.3% for RGLD.
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.
PARR vs RGLD: side by side
| PARR (Par Pacific Holdings, Inc.) | RGLD (Royal Gold, Inc.) | |
|---|---|---|
| 1-year return | +125.5% | +53.3% |
| 5-year return | +375.6% | +156.8% |
| Volatility (ann.) | 51.3% | 35.8% |
| Beta vs S&P 500 | 0.13 | 0.64 |
| Max drawdown (3Y) | -69.7% | -38.2% |
| Market cap | $3.9B | $22.8B |
| P/E (trailing) | 4.4 | 29.5 |
| Dividend yield | 0.00% | 0.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PARR | RGLD |
|---|---|---|
| 2022 | +41.0% | +8.5% |
| 2023 | +56.4% | +8.7% |
| 2024 | -54.9% | +10.4% |
| 2025 | +114.4% | +70.4% |
| 2026 | +119.2% | +21.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PARR and RGLD good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between PARR and RGLD?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.48 over the last year and -0.09 over 5 years.
Is RGLD a good diversifier for PARR?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/parr-vs-rgld.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/parr-vs-rgld/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PARR correlations · RGLD correlations
