DVN vs MKZR: Correlation
How closely do Devon Energy (DVN) and MacKenzie Realty Capital, Inc. (MKZR) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DVN and MKZR?
On 3 years of weekly data the DVN/MKZR correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.20 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -803.7 %².
Out of 42 assets tracked against DVN, MKZR lands near the bottom at #38. Their recent paths diverged sharply: over the last 12 months DVN outperformed by 111.6 percentage points (+35.9% for DVN against -75.7% for MKZR). Risk is not evenly split, since MKZR carries 2.7 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 MKZR: side by side
| DVN (Devon Energy) | MKZR (MacKenzie Realty Capital, Inc.) | |
|---|---|---|
| 1-year return | +35.9% | -75.7% |
| 5-year return | +102.7% | n/a |
| Volatility (ann.) | 34.3% | 91.6% |
| Beta vs S&P 500 | 0.16 | 0.74 |
| Max drawdown (3Y) | -49.2% | -97.8% |
| Market cap | $51.8B | – |
| P/E (trailing) | 10.2 | – |
| Dividend yield | 2.22% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | DVN | MKZR |
|---|---|---|
| 2022 | +50.9% | – |
| 2023 | -21.8% | – |
| 2024 | -25.2% | – |
| 2025 | +15.0% | -86.7% |
| 2026 | +30.2% | -63.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DVN and MKZR good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between DVN and MKZR?
The DVN/MKZR correlation stands at -0.24 on a 3-year window (1 year: -0.20, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MKZR a good diversifier for DVN?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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.
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Related comparisons
Hubs: DVN correlations · MKZR correlations
