RRC vs SJT: Correlation
Measured on weekly returns over the past three years, Range Resources Corporation (RRC) and San Juan Basin Royalty Trust (SJT) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RRC and SJT?
On 3 years of weekly data the RRC/SJT correlation comes out at 0.37, moderate. Recent behaviour matches the longer record: 0.35 over 1 year against 0.37 over 3. The 5-year figure is 0.50, and annualized covariance runs at 502.3 %².
By 3-year correlation, SJT places #7 of the 13 assets tracked against RRC. Correlation aside, the last 12 months split them widely, with RRC ahead by 77.1 points (+24.3% versus -52.8%).
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.
RRC vs SJT: side by side
| RRC (Range Resources Corporation) | SJT (San Juan Basin Royalty Trust) | |
|---|---|---|
| 1-year return | +24.3% | -52.8% |
| 5-year return | +195.2% | -10.0% |
| Volatility (ann.) | 33.0% | 41.6% |
| Beta vs S&P 500 | 0.34 | 0.18 |
| Max drawdown (3Y) | -28.0% | -67.4% |
| Market cap | $9.7B | – |
| P/E (trailing) | 11.5 | – |
| Dividend yield | 0.91% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RRC | SJT |
|---|---|---|
| 2022 | +41.1% | +120.6% |
| 2023 | +23.1% | -50.0% |
| 2024 | +19.3% | -22.9% |
| 2025 | -1.0% | +46.7% |
| 2026 | +18.7% | -51.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RRC and SJT good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between RRC and SJT?
As of 2026-08-27, the correlation of weekly returns between RRC and SJT is 0.37 over 3 years, 0.35 over 1 year and 0.50 over 5 years.
Is SJT a good diversifier for RRC?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rrc-vs-sjt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rrc-vs-sjt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RRC correlations · SJT correlations
