DVN vs FEIM: Correlation
Devon Energy (DVN) and Frequency Electronics, Inc. (FEIM) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DVN and FEIM?
Over the past 3 years, DVN and FEIM moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.24). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -576.0 %².
Among the 42 assets we track against DVN, FEIM ranks #37 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FEIM ahead by 61.1 points (+35.9% versus +97.0%). Risk is not evenly split, since FEIM carries 2.1 times the volatility of the other side.
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.
DVN vs FEIM: side by side
| DVN (Devon Energy) | FEIM (Frequency Electronics, Inc.) | |
|---|---|---|
| 1-year return | +35.9% | +97.0% |
| 5-year return | +102.7% | +639.1% |
| Volatility (ann.) | 34.3% | 70.8% |
| Beta vs S&P 500 | 0.16 | 1.11 |
| Max drawdown (3Y) | -49.2% | -33.0% |
| Market cap | $51.8B | $0.7B |
| P/E (trailing) | 10.2 | – |
| Dividend yield | 2.22% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | DVN | FEIM |
|---|---|---|
| 2022 | +50.9% | -29.4% |
| 2023 | -21.8% | +80.9% |
| 2024 | -25.2% | +83.2% |
| 2025 | +15.0% | +190.7% |
| 2026 | +30.2% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DVN and FEIM good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DVN and FEIM?
The DVN/FEIM correlation stands at -0.24 on a 3-year window (1 year: -0.39, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is FEIM a good diversifier for DVN?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/dvn-vs-feim.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dvn-vs-feim/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DVN correlations · FEIM correlations
