PR vs XOM: Correlation
Measured on weekly returns over the past three years, Permian Resources Corporation (PR) and ExxonMobil (XOM) carry a correlation of 0.74, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PR and XOM?
On 3 years of weekly data the PR/XOM correlation comes out at 0.74, strong. Recent behaviour matches the longer record: 0.74 over 1 year against 0.74 over 3. The 5-year figure is 0.73, and annualized covariance runs at 638.1 %².
Within PR's tracked universe of 33 assets, XOM comes in at #17 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PR ahead by 27.5 points (+70.3% versus +42.8%).
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 XOM: side by side
| PR (Permian Resources Corporation) | XOM (ExxonMobil) | |
|---|---|---|
| 1-year return | +70.3% | +42.8% |
| 5-year return | +430.6% | +237.9% |
| Volatility (ann.) | 35.4% | 24.3% |
| Beta vs S&P 500 | 0.39 | 0.01 |
| Max drawdown (3Y) | -39.9% | -20.1% |
| Market cap | $19.4B | $643.3B |
| P/E (trailing) | 14.7 | 20.1 |
| Dividend yield | 2.73% | 2.58% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | PR | XOM |
|---|---|---|
| 2022 | +57.9% | +87.4% |
| 2023 | +49.4% | -6.3% |
| 2024 | +10.7% | +11.3% |
| 2025 | +1.9% | +16.0% |
| 2026 | +68.0% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PR and XOM good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PR and XOM?
The PR/XOM correlation stands at 0.74 on a 3-year window (1 year: 0.74, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is XOM a good diversifier for PR?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.74 mean?
A reading of 0.74 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-xom.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PR correlations · XOM correlations
