BTI vs DEC: Correlation
British American Tobacco Industries, p.l.c. (BTI) and Diversified Energy Company (DEC) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTI and DEC?
Over the past 3 years, BTI and DEC moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.18) than the 3-year average (-0.26). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is nan %².
DEC is close to the least connected end of BTI's tracked universe, ranking #19 of 21. The trailing year gives BTI the advantage: +4.8% versus -0.7%, a 5.5-point spread.
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.
BTI vs DEC: side by side
| BTI (British American Tobacco Industries, p.l.c.) | DEC (Diversified Energy Company) | |
|---|---|---|
| 1-year return | +4.8% | -0.7% |
| 5-year return | +119.4% | n/a |
| Volatility (ann.) | 22.5% | n/a |
| Beta vs S&P 500 | 0.06 | nan |
| Max drawdown (3Y) | -15.3% | -36.6% |
| Market cap | $121.2B | $1.0B |
| P/E (trailing) | 14.5 | 2.5 |
| Dividend yield | 4.27% | 7.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTI | DEC |
|---|---|---|
| 2022 | +15.1% | – |
| 2023 | -20.1% | +inf% |
| 2024 | +35.4% | +30.4% |
| 2025 | +65.8% | -4.7% |
| 2026 | +2.2% | +8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTI and DEC good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between BTI and DEC?
As of 2026-08-27, the correlation of weekly returns between BTI and DEC is -0.26 over 3 years, 0.18 over 1 year and n/a over 5 years.
Is DEC a good diversifier for BTI?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 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/bti-vs-dec.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bti-vs-dec/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BTI correlations · DEC correlations
