TUSK vs XOM: Correlation
Measured on weekly returns over the past three years, Mammoth Energy Services, Inc. (TUSK) and ExxonMobil (XOM) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TUSK and XOM?
Over the past 3 years, TUSK and XOM moved with a correlation of 0.40, which is moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 606.9 %².
Among the 11 assets we track against TUSK, XOM ranks #6 by 3-year correlation. On 12-month performance XOM holds a 7.6-point edge, +35.2% against +42.8%. Note the risk asymmetry: TUSK runs 2.5 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.
TUSK vs XOM: side by side
| TUSK (Mammoth Energy Services, Inc.) | XOM (ExxonMobil) | |
|---|---|---|
| 1-year return | +35.2% | +42.8% |
| 5-year return | -7.4% | +237.9% |
| Volatility (ann.) | 61.8% | 24.3% |
| Beta vs S&P 500 | 0.49 | 0.01 |
| Max drawdown (3Y) | -66.3% | -20.1% |
| Market cap | $0.2B | $643.3B |
| P/E (trailing) | – | 20.1 |
| Dividend yield | 0.00% | 2.58% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | TUSK | XOM |
|---|---|---|
| 2022 | +375.3% | +87.4% |
| 2023 | -48.4% | -6.3% |
| 2024 | -32.7% | +11.3% |
| 2025 | -38.3% | +16.0% |
| 2026 | +70.3% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TUSK and XOM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between TUSK and XOM?
The TUSK/XOM correlation stands at 0.40 on a 3-year window (1 year: 0.39, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is XOM a good diversifier for TUSK?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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.
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Related comparisons
Hubs: TUSK correlations · XOM correlations
