PR vs VNOM: Correlation
How closely do Permian Resources Corporation (PR) and Viper Energy, Inc. (VNOM) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PR and VNOM?
Across a 3-year window, the weekly returns of PR and VNOM correlate at 0.69, strong. Little has changed lately, as the 1-year reading of 0.70 lands near the 3-year figure. Stretching to 5 years gives 0.72, with an annualized covariance of 780.9 %².
Within PR's tracked universe of 33 assets, VNOM comes in at #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PR outperformed by 49.8 percentage points (+70.3% for PR against +20.5% for VNOM).
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 VNOM: side by side
| PR (Permian Resources Corporation) | VNOM (Viper Energy, Inc.) | |
|---|---|---|
| 1-year return | +70.3% | +20.5% |
| 5-year return | +430.6% | +230.6% |
| Volatility (ann.) | 35.4% | 31.8% |
| Beta vs S&P 500 | 0.39 | 0.33 |
| Max drawdown (3Y) | -39.9% | -34.5% |
| Market cap | $19.4B | $23.4B |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 2.73% | 5.54% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PR | VNOM |
|---|---|---|
| 2022 | +57.9% | +61.7% |
| 2023 | +49.4% | +4.8% |
| 2024 | +10.7% | +65.5% |
| 2025 | +1.9% | -16.6% |
| 2026 | +68.0% | +20.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PR and VNOM good diversifiers for each other?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between PR and VNOM?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.70 over the last year and 0.72 over 5 years.
Is VNOM a good diversifier for PR?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.69 mean?
A reading of 0.69 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/pr-vs-vnom.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pr-vs-vnom/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PR correlations · VNOM correlations
