DEC vs DNP: Correlation
Diversified Energy Company (DEC) and DNP Select Income Fund, Inc. (DNP) 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 DEC and DNP?
On 3 years of weekly data the DEC/DNP correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.08) runs above the 3-year figure (-0.26). The 5-year figure is n/a, and annualized covariance runs at nan %².
DNP is close to the least connected end of DEC's tracked universe, ranking #24 of 27. The last year tells two different stories: DNP led by 19.5 percentage points, -0.7% for DEC against +18.8% for DNP.
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.
DEC vs DNP: side by side
| DEC (Diversified Energy Company) | DNP (DNP Select Income Fund, Inc.) | |
|---|---|---|
| 1-year return | -0.7% | +18.8% |
| 5-year return | n/a | +47.1% |
| Volatility (ann.) | n/a | 13.3% |
| Beta vs S&P 500 | nan | 0.28 |
| Max drawdown (3Y) | -36.6% | -16.2% |
| Market cap | $1.0B | $4.1B |
| P/E (trailing) | 2.5 | 5.9 |
| Dividend yield | 7.77% | 7.08% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DEC | DNP |
|---|---|---|
| 2022 | – | +11.0% |
| 2023 | +inf% | -18.6% |
| 2024 | +30.4% | +13.4% |
| 2025 | -4.7% | +22.6% |
| 2026 | +8.5% | +14.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DEC and DNP good diversifiers for each other?
Yes. With a correlation of -0.26, DEC and DNP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DEC and DNP?
As of 2026-08-27, the correlation of weekly returns between DEC and DNP is -0.26 over 3 years, -0.08 over 1 year and n/a over 5 years.
Is DNP a good diversifier for DEC?
Yes. With a correlation of -0.26, DEC and DNP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 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/dec-vs-dnp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dec-vs-dnp/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DEC correlations · DNP correlations
