DEC vs HYFT: Correlation
Diversified Energy Company (DEC) and MindWalk Holdings Corp. (HYFT) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DEC and HYFT?
Across a 3-year window, the weekly returns of DEC and HYFT correlate at -0.20, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.09) runs above the 3-year figure (-0.20). Stretching to 5 years gives n/a, with an annualized covariance of nan %².
By 3-year correlation, HYFT places #17 of the 27 assets tracked against DEC. Their recent paths diverged sharply: over the last 12 months DEC outperformed by 45.7 percentage points (-0.7% for DEC against -46.4% for HYFT).
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 HYFT: side by side
| DEC (Diversified Energy Company) | HYFT (MindWalk Holdings Corp.) | |
|---|---|---|
| 1-year return | -0.7% | -46.4% |
| 5-year return | n/a | -80.2% |
| Volatility (ann.) | n/a | 110.1% |
| Beta vs S&P 500 | nan | 1.42 |
| Max drawdown (3Y) | -36.6% | -86.3% |
| Market cap | $1.0B | $0.1B |
| P/E (trailing) | 2.5 | – |
| Dividend yield | 7.77% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DEC | HYFT |
|---|---|---|
| 2022 | – | -2.8% |
| 2023 | +inf% | -67.2% |
| 2024 | +30.4% | -75.9% |
| 2025 | -4.7% | +341.7% |
| 2026 | +8.5% | -22.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DEC and HYFT good diversifiers for each other?
Yes. With a correlation of -0.20, DEC and HYFT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DEC and HYFT?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.09 over the last year and n/a over 5 years.
Is HYFT a good diversifier for DEC?
Yes. With a correlation of -0.20, DEC and HYFT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dec-vs-hyft.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dec-vs-hyft/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DEC correlations · HYFT correlations
