PUMP vs REED: Correlation
ProPetro Holding Corp. (PUMP) and Reed's, Inc. (REED) show a weak relationship: their 3-year correlation of weekly returns is 0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PUMP and REED?
Across a 3-year window, the weekly returns of PUMP and REED correlate at 0.26, weak. The past 12 months show a tighter link (0.44) than the 3-year average (0.26). Stretching to 5 years gives 0.26, with an annualized covariance of 1764.0 %².
Within PUMP's tracked universe of 28 assets, REED comes in at #11 by 3-year correlation. The last year tells two different stories: PUMP led by 212.3 percentage points, +128.2% for PUMP against -84.1% for REED. Note the risk asymmetry: REED runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PUMP vs REED: side by side
| PUMP (ProPetro Holding Corp.) | REED (Reed's, Inc.) | |
|---|---|---|
| 1-year return | +128.2% | -84.1% |
| 5-year return | +45.4% | -99.5% |
| Volatility (ann.) | 65.1% | 104.6% |
| Beta vs S&P 500 | 0.73 | -0.39 |
| Max drawdown (3Y) | -59.1% | -96.4% |
| Market cap | $1.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PUMP | REED |
|---|---|---|
| 2022 | +28.0% | -80.6% |
| 2023 | -19.2% | -54.3% |
| 2024 | +11.3% | -60.6% |
| 2025 | +1.9% | -44.4% |
| 2026 | +17.6% | -53.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PUMP and REED good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PUMP and REED?
The PUMP/REED correlation stands at 0.26 on a 3-year window (1 year: 0.44, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is REED a good diversifier for PUMP?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.26 mean?
A reading of 0.26 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/pump-vs-reed.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pump-vs-reed/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PUMP correlations · REED correlations
