CNX vs. BRY

Last updated Jun 4, 2026

CNX (CNX Resources Corporation) and BRY (Berry Corporation) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. At a 0.46 correlation, their price movements are largely independent.

Performance

CNX vs. BRY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CNX Resources Corporation (CNX) and Berry Corporation (BRY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CNX

• 1D: 0.75%
• 1M: -12.37%
• YTD: -8.70%
• 6M: -16.89%
• 1Y: 5.24%
• 3Y*: 27.65%
• 5Y*: 18.91%
• 10Y*: 7.92%

BRY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CNX vs. BRY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CNX CNX Resources Corporation	-8.70%	0.27%	83.35%	18.76%	22.47%	27.31%	22.03%	-22.50%	-32.98%
BRY Berry Corporation	0.00%	-17.92%	-34.12%	-0.36%	9.71%	135.52%	-59.55%	13.17%	-35.25%

Correlation

The correlation between CNX and BRY is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jul 19, 2018	0.46

Over the past year, the correlation between CNX and BRY has dropped to 0.22 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

Fundamentals

EPS CNX : $9.47 BRY : -$1.17
PS Ratio CNX : 1.72 BRY : 0.37
Total Revenue (TTM) CNX : $2.43B BRY : $680.16M
Gross Profit (TTM) CNX : $1.17B BRY : $211.07M
EBITDA (TTM) CNX : $2.24B BRY : $91.56M

Return for Risk

CNX vs. BRY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CNX

CNX Risk / Return Rank: 44
CNX Sharpe Ratio Rank: 47
CNX Sortino Ratio Rank: 40
CNX Omega Ratio Rank: 39
CNX Calmar Ratio Rank: 46
CNX Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CNX vs. BRY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CNX Resources Corporation (CNX) and Berry Corporation (BRY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CNX	BRY	Difference
Sharpe ratio Return per unit of total volatility	0.18	—	—
Sortino ratio Return per unit of downside risk	0.44	—	—
Omega ratio Gain probability vs. loss probability	1.05	—	—
Calmar ratio Return relative to maximum drawdown	0.24	—	—
Martin ratio Return relative to average drawdown	0.51	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CNX	BRY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.18	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	—	—

Drawdowns

Drawdown Indicators

	CNX	BRY	Difference
Max Drawdown Largest peak-to-trough decline	-95.41%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-21.80%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-33.37%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.23%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-77.19%	—	—
Current Drawdown Current decline from peak	-69.07%	—	—
Average Drawdown Average peak-to-trough decline	-58.15%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	10.19%	—	—

Volatility

Volatility by Period

	CNX	BRY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.94%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	29.92%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.41%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.49%	—	—

Dividends

CNX vs. BRY - Dividend Comparison

CNX has not paid dividends to shareholders, while BRY's dividend yield for the trailing twelve months is around 1.84%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRY Berry Corporation	1.84%	3.68%	18.16%	13.80%	16.75%	2.38%	3.26%	5.09%	2.40%	0.00%	0.00%	0.00%
CNX CNX Resources Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	1.84%

Financials

CNX vs. BRY - Profitability Comparison

The chart below illustrates the profitability comparison between CNX Resources Corporation and Berry Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CNX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CNX Resources Corporation reported a gross profit of 0.00 and revenue of 786.65M. Therefore, the gross margin over that period was 0.0%.

BRY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Berry Corporation reported a gross profit of 36.92M and revenue of 155.81M. Therefore, the gross margin over that period was 23.7%.

CNX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CNX Resources Corporation reported an operating income of 2.03M and revenue of 786.65M, resulting in an operating margin of 0.3%.

BRY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Berry Corporation reported an operating income of -2.31M and revenue of 155.81M, resulting in an operating margin of -1.5%.

CNX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CNX Resources Corporation reported a net income of 348.15M and revenue of 786.65M, resulting in a net margin of 44.3%.

BRY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Berry Corporation reported a net income of -26.02M and revenue of 155.81M, resulting in a net margin of -16.7%.

Frequently Asked Questions

Can I hold both CNX and BRY in my portfolio?

CNX and BRY have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.