DEC vs QXO: Correlation
Measured on weekly returns over the past three years, Diversified Energy Company (DEC) and QXO, Inc. (QXO) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DEC and QXO?
Over the past 3 years, DEC and QXO moved with a correlation of 0.62, which is strong. Lately the two have drifted apart, with the 1-year correlation at -0.31 versus 0.62 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is nan %².
Few assets follow DEC as closely as QXO, which ranks #3 of 27 tracked partners. Correlation aside, the last 12 months split them widely, with DEC ahead by 33.0 points (-0.7% versus -33.7%).
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 QXO: side by side
| DEC (Diversified Energy Company) | QXO (QXO, Inc.) | |
|---|---|---|
| 1-year return | -0.7% | -33.7% |
| 5-year return | n/a | -70.0% |
| Volatility (ann.) | n/a | 132.0% |
| Beta vs S&P 500 | nan | 1.05 |
| Max drawdown (3Y) | -36.6% | -95.4% |
| Market cap | $1.0B | $14.4B |
| P/E (trailing) | 2.5 | – |
| Dividend yield | 7.77% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DEC | QXO |
|---|---|---|
| 2022 | – | -33.8% |
| 2023 | +inf% | +508.5% |
| 2024 | +30.4% | -86.1% |
| 2025 | -4.7% | +21.3% |
| 2026 | +8.5% | -28.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DEC and QXO good diversifiers for each other?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DEC and QXO?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with -0.31 over the last year and n/a over 5 years.
Is QXO a good diversifier for DEC?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.62 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dec-vs-qxo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dec-vs-qxo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DEC correlations · QXO correlations
