AQB vs DEC: Correlation
Measured on weekly returns over the past three years, AquaBounty Technologies, Inc. (AQB) and Diversified Energy Company (DEC) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AQB and DEC?
Over the past 3 years, AQB and DEC moved with a correlation of 0.35, which is moderate. Lately the two have drifted apart, with the 1-year correlation at -0.07 versus 0.35 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is nan %².
DEC is one of the assets that tracks AQB most closely: it ranks #3 out of the 10 assets we track against AQB. Correlation aside, the last 12 months split them widely, with AQB ahead by 45.0 points (+44.3% versus -0.7%).
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.
AQB vs DEC: side by side
| AQB (AquaBounty Technologies, Inc.) | DEC (Diversified Energy Company) | |
|---|---|---|
| 1-year return | +44.3% | -0.7% |
| 5-year return | -98.6% | n/a |
| Volatility (ann.) | 97.8% | n/a |
| Beta vs S&P 500 | 1.24 | nan |
| Max drawdown (3Y) | -90.6% | -36.6% |
| Market cap | – | $1.0B |
| P/E (trailing) | – | 2.5 |
| Dividend yield | 0.00% | 7.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AQB | DEC |
|---|---|---|
| 2022 | -63.6% | – |
| 2023 | -81.3% | +inf% |
| 2024 | -78.0% | +30.4% |
| 2025 | +48.6% | -4.7% |
| 2026 | +40.9% | +8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AQB and DEC good diversifiers for each other?
Reasonably. At 0.35, AQB and DEC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AQB and DEC?
The AQB/DEC correlation stands at 0.35 on a 3-year window (1 year: -0.07, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is DEC a good diversifier for AQB?
Reasonably. At 0.35, AQB and DEC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aqb-vs-dec.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aqb-vs-dec/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AQB correlations · DEC correlations
