DVN vs LOAR: Correlation
Devon Energy (DVN) and Loar Holdings Inc. (LOAR) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DVN and LOAR?
On 3 years of weekly data the DVN/LOAR correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.54 versus -0.23 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -406.1 %².
Among the 42 assets we track against DVN, LOAR ranks #32 by 3-year correlation. The last year tells two different stories: DVN led by 36.3 percentage points, +35.9% for DVN against -0.4% for LOAR.
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 LOAR: side by side
| DVN (Devon Energy) | LOAR (Loar Holdings Inc.) | |
|---|---|---|
| 1-year return | +35.9% | -0.4% |
| 5-year return | +102.7% | n/a |
| Volatility (ann.) | 34.3% | 49.2% |
| Beta vs S&P 500 | 0.16 | 1.21 |
| Max drawdown (3Y) | -49.2% | -46.0% |
| Market cap | $51.8B | $6.8B |
| P/E (trailing) | 10.2 | 102.9 |
| Dividend yield | 2.22% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | DVN | LOAR |
|---|---|---|
| 2022 | +50.9% | – |
| 2023 | -21.8% | – |
| 2024 | -25.2% | – |
| 2025 | +15.0% | -8.0% |
| 2026 | +30.2% | +7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DVN and LOAR good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DVN and LOAR?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.54 over the last year and n/a over 5 years.
Is LOAR a good diversifier for DVN?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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-loar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dvn-vs-loar/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DVN correlations · LOAR correlations
