PDS vs PTEN: Correlation
Precision Drilling Corporation (PDS) and Patterson-UTI Energy, Inc. (PTEN) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PDS and PTEN?
On 3 years of weekly data the PDS/PTEN correlation comes out at 0.73, strong. Recent behaviour matches the longer record: 0.82 over 1 year against 0.73 over 3. The 5-year figure is 0.75, and annualized covariance runs at 1347.2 %².
Few assets follow PDS as closely as PTEN, which ranks #1 of 13 tracked partners. Their recent paths diverged sharply: over the last 12 months PTEN outperformed by 67.1 percentage points (+58.3% for PDS against +125.4% for PTEN).
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.
PDS vs PTEN: side by side
| PDS (Precision Drilling Corporation) | PTEN (Patterson-UTI Energy, Inc.) | |
|---|---|---|
| 1-year return | +58.3% | +125.4% |
| 5-year return | +182.9% | +84.8% |
| Volatility (ann.) | 37.7% | 48.6% |
| Beta vs S&P 500 | 0.49 | 0.60 |
| Max drawdown (3Y) | -50.5% | -64.6% |
| Market cap | $1.2B | $4.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 3.06% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PDS | PTEN |
|---|---|---|
| 2022 | +116.5% | +101.7% |
| 2023 | -29.2% | -34.2% |
| 2024 | +12.5% | -21.0% |
| 2025 | +17.7% | -22.1% |
| 2026 | +25.7% | +104.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PDS and PTEN good diversifiers for each other?
Only partially. A correlation of 0.73 means PDS and PTEN 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 PDS and PTEN?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.82 over the last year and 0.75 over 5 years.
Is PTEN a good diversifier for PDS?
Only partially. A correlation of 0.73 means PDS and PTEN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.73 mean?
A reading of 0.73 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pds-vs-pten.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pds-vs-pten/)
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Related comparisons
Hubs: PDS correlations · PTEN correlations
