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PTEN correlations (Patterson-UTI Energy, Inc.)

Which assets move with PTEN and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

48.6%

3y weekly

Beta vs S&P 500

0.60

3y weekly

1-year return

+125.4%

price, adjusted

5-year return

+84.8%

price, adjusted

Market cap

$4.7B

latest

Dividend yield

3.06%

trailing

Max drawdown

-64.6%

3y, daily closes

PTEN over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with PTEN

Asset		Correlation (3Y)
XLE	Energy Select Sector SPDR Fund	0.80
HAL	Halliburton	0.79
OVV	Ovintiv Inc. (DE)	0.78
FANG	Diamondback Energy	0.77
CHRD	Chord Energy Corporation	0.77

If the goal is offsetting PTEN, these tracked assets have historically moved the most on their own terms.

Asset		Correlation (3Y)
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.25
SHY	iShares 1-3 Year Treasury Bond ETF	-0.25
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.24

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/pten.json

Correlations, diversifiers, beta and volatility for PTEN, plus one endpoint per pair. API documentation.

ETF		PTEN weight
IWM	iShares Russell 2000 ETF	0.13%