COF vs DWSN: Correlation
Measured on weekly returns over the past three years, Capital One (COF) and Dawson Geophysical Company (DWSN) carry a correlation of -0.13, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COF and DWSN?
Over the past 3 years, COF and DWSN moved with a correlation of -0.13, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.33 versus -0.13 over 3 years. Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -348.7 %².
Within COF's tracked universe of 29 assets, DWSN comes in at #20 by 3-year correlation. The last year tells two different stories: DWSN led by 95.5 percentage points, -2.0% for COF against +93.5% for DWSN. Risk is not evenly split, since DWSN carries 2.8 times the volatility of the other side.
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.
COF vs DWSN: side by side
| COF (Capital One) | DWSN (Dawson Geophysical Company) | |
|---|---|---|
| 1-year return | -2.0% | +93.5% |
| 5-year return | +43.2% | +93.2% |
| Volatility (ann.) | 30.6% | 86.8% |
| Beta vs S&P 500 | 1.28 | -0.14 |
| Max drawdown (3Y) | -31.5% | -64.3% |
| Market cap | $132.9B | $0.1B |
| P/E (trailing) | 12.0 | 27.1 |
| Dividend yield | 1.38% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | COF | DWSN |
|---|---|---|
| 2022 | -34.6% | -15.5% |
| 2023 | +44.3% | -6.6% |
| 2024 | +38.2% | -14.2% |
| 2025 | +37.6% | +16.4% |
| 2026 | -9.6% | +108.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COF and DWSN good diversifiers for each other?
By historical standards, yes. A correlation of -0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between COF and DWSN?
Using weekly returns as of 2026-08-27: -0.13 over 3 years, with -0.33 over the last year and -0.07 over 5 years.
Is DWSN a good diversifier for COF?
By historical standards, yes. A correlation of -0.13 means the two rarely move for the same reasons.
What does a correlation of -0.13 mean?
A reading of -0.13 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cof-vs-dwsn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cof-vs-dwsn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COF correlations · DWSN correlations
