DEC vs QNBC: Correlation
How closely do Diversified Energy Company (DEC) and QNB Corp. (QNBC) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DEC and QNBC?
Across a 3-year window, the weekly returns of DEC and QNBC correlate at 0.43, moderate. The link has loosened recently: the 1-year correlation (0.12) runs below the 3-year figure (0.43). Stretching to 5 years gives n/a, with an annualized covariance of nan %².
Among the 27 assets we track against DEC, QNBC ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QNBC ahead by 32.0 points (-0.7% versus +31.3%).
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 QNBC: side by side
| DEC (Diversified Energy Company) | QNBC (QNB Corp.) | |
|---|---|---|
| 1-year return | -0.7% | +31.3% |
| 5-year return | n/a | +50.2% |
| Volatility (ann.) | n/a | 17.1% |
| Beta vs S&P 500 | nan | -0.03 |
| Max drawdown (3Y) | -36.6% | -12.1% |
| Market cap | $1.0B | $0.3B |
| P/E (trailing) | 2.5 | 13.4 |
| Dividend yield | 7.77% | 3.43% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DEC | QNBC |
|---|---|---|
| 2022 | – | -23.3% |
| 2023 | +inf% | +4.7% |
| 2024 | +30.4% | +37.9% |
| 2025 | -4.7% | +7.7% |
| 2026 | +8.5% | +31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DEC and QNBC good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DEC and QNBC?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.12 over the last year and n/a over 5 years.
Is QNBC a good diversifier for DEC?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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-qnbc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dec-vs-qnbc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DEC correlations · QNBC correlations
