PR vs SD: Correlation
Measured on weekly returns over the past three years, Permian Resources Corporation (PR) and SandRidge Energy, Inc. (SD) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PR and SD?
Over the past 3 years, PR and SD moved with a correlation of 0.73, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.60 versus 0.73 over 3 years. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 854.5 %².
By 3-year correlation, SD places #19 of the 33 assets tracked against PR. Their recent paths diverged sharply: over the last 12 months PR outperformed by 42.5 percentage points (+70.3% for PR against +27.8% for SD).
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.
PR vs SD: side by side
| PR (Permian Resources Corporation) | SD (SandRidge Energy, Inc.) | |
|---|---|---|
| 1-year return | +70.3% | +27.8% |
| 5-year return | +430.6% | +126.2% |
| Volatility (ann.) | 35.4% | 33.0% |
| Beta vs S&P 500 | 0.39 | 0.32 |
| Max drawdown (3Y) | -39.9% | -37.9% |
| Market cap | $19.4B | $0.5B |
| P/E (trailing) | 14.7 | 6.3 |
| Dividend yield | 2.73% | 3.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PR | SD |
|---|---|---|
| 2022 | +57.9% | +62.8% |
| 2023 | +49.4% | -8.2% |
| 2024 | +10.7% | -1.2% |
| 2025 | +1.9% | +28.2% |
| 2026 | +68.0% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PR and SD good diversifiers for each other?
Only partially. A correlation of 0.73 means PR and SD 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 PR and SD?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.60 over the last year and 0.70 over 5 years.
Is SD a good diversifier for PR?
Only partially. A correlation of 0.73 means PR and SD 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?
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/pr-vs-sd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pr-vs-sd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PR correlations · SD correlations
