DEC vs MBI: Correlation
Measured on weekly returns over the past three years, Diversified Energy Company (DEC) and MBIA Inc. (MBI) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DEC and MBI?
Across a 3-year window, the weekly returns of DEC and MBI correlate at 0.70, strong. The past 12 months show a weaker link (0.04) than the 3-year average (0.70). Stretching to 5 years gives n/a, with an annualized covariance of nan %².
Few assets follow DEC as closely as MBI, which ranks #2 of 27 tracked partners. The last year tells two different stories: DEC led by 40.3 percentage points, -0.7% for DEC against -41.0% for MBI.
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 MBI: side by side
| DEC (Diversified Energy Company) | MBI (MBIA Inc.) | |
|---|---|---|
| 1-year return | -0.7% | -41.0% |
| 5-year return | n/a | -0.5% |
| Volatility (ann.) | n/a | 68.8% |
| Beta vs S&P 500 | nan | 0.81 |
| Max drawdown (3Y) | -36.6% | -51.9% |
| Market cap | $1.0B | $0.2B |
| P/E (trailing) | 2.5 | – |
| Dividend yield | 7.77% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DEC | MBI |
|---|---|---|
| 2022 | – | -18.6% |
| 2023 | +inf% | +9.2% |
| 2024 | +30.4% | +5.6% |
| 2025 | -4.7% | +10.8% |
| 2026 | +8.5% | -33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DEC and MBI good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DEC and MBI?
As of 2026-08-27, the correlation of weekly returns between DEC and MBI is 0.70 over 3 years, 0.04 over 1 year and n/a over 5 years.
Is MBI a good diversifier for DEC?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 mean?
On the −1 to +1 scale, 0.70 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-mbi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dec-vs-mbi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DEC correlations · MBI correlations
