PNRG vs SM: Correlation
PrimeEnergy Resources Corporation (PNRG) and SM Energy Company (SM) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PNRG and SM?
On 3 years of weekly data the PNRG/SM correlation comes out at 0.43, moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.43 over 3. The 5-year figure is 0.36, and annualized covariance runs at 1115.2 %².
By 3-year correlation, SM places #4 of the 13 assets tracked against PNRG. Twelve-month performance is nearly a tie, at +37.2% for PNRG and +36.1% for SM.
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.
PNRG vs SM: side by side
| PNRG (PrimeEnergy Resources Corporation) | SM (SM Energy Company) | |
|---|---|---|
| 1-year return | +37.2% | +36.1% |
| 5-year return | +312.9% | +114.6% |
| Volatility (ann.) | 54.8% | 47.6% |
| Beta vs S&P 500 | 0.69 | 0.44 |
| Max drawdown (3Y) | -44.6% | -64.9% |
| Market cap | $0.3B | $8.8B |
| P/E (trailing) | 20.2 | 6.3 |
| Dividend yield | 0.00% | 2.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PNRG | SM |
|---|---|---|
| 2022 | +23.9% | +18.6% |
| 2023 | +22.4% | +13.1% |
| 2024 | +106.5% | +1.8% |
| 2025 | -22.1% | -49.7% |
| 2026 | +23.1% | +99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNRG and SM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PNRG and SM?
As of 2026-08-27, the correlation of weekly returns between PNRG and SM is 0.43 over 3 years, 0.52 over 1 year and 0.36 over 5 years.
Is SM a good diversifier for PNRG?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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/pnrg-vs-sm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pnrg-vs-sm/)
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Related comparisons
Hubs: PNRG correlations · SM correlations
