TPL correlations (Texas Pacific Land Corporation)
Which assets move with TPL and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.
Data as of 2026-08-27 · refreshed every trading day · Energy · Oil & Gas Exploration & Production
Volatility (ann.)
50.0%
3y weekly
Beta vs S&P 500
0.62
3y weekly
1-year return
+22.8%
price, adjusted
5-year return
+149.6%
price, adjusted
Market cap
$25.5B
latest
P/E ratio
47.2
trailing
Dividend yield
0.61%
trailing
Max drawdown
-52.2%
3y, daily closes
TPL over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with TPL
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| LB | LandBridge Company LLC Class A Shares Representing Limited | 0.63 | |
| TRGP | Targa Resources | 0.53 | |
| XLE | Energy Select Sector SPDR Fund | 0.53 | |
| PEO | Adams Natural Resources Fund, Inc. | 0.53 | |
| ATMP | iPath Select MLP ETN | 0.52 | |
| OKE | Oneok | 0.52 | |
| NOG | Northern Oil and Gas, Inc. | 0.51 | |
| EOG | EOG Resources | 0.50 | |
| MGY | Magnolia Oil & Gas Corporation | 0.50 | |
| PR | Permian Resources Corporation | 0.49 | |
| VNOM | Viper Energy, Inc. | 0.49 | |
| KMI | Kinder Morgan | 0.48 | |
| MTDR | Matador Resources Company | 0.48 | |
| OII | Oceaneering International, Inc. | 0.48 | |
| OVV | Ovintiv Inc. (DE) | 0.47 |
Best diversifiers for TPL
The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from TPL.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| TSAT | Telesat Corporation - Class A | -0.21 | |
| CELZ | Creative Medical Technology Holdings, Inc. | -0.21 | |
| FEIM | Frequency Electronics, Inc. | -0.21 | |
| GWAV | Greenwave Technology Solutions, Inc. | -0.20 | |
| QUCY | Quantum Cyber N.V. | -0.20 | |
| LOCL | Local Bounti Corporation | -0.19 | |
| GPAT | GP-Act III Acquisition Corp. - Class A | -0.19 | |
| TH | Target Hospitality Corp. | -0.19 | |
| ELAB | PMGC Holdings Inc. | -0.19 | |
| PACS | PACS Group, Inc. | -0.18 |
TPL vs benchmarks
TPL vs its peers
Get TPL data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/tpl.jsonCorrelations, diversifiers, beta and volatility for TPL, plus one endpoint per pair. API documentation.
