DVN vs MPC: Correlation
Measured on weekly returns over the past three years, Devon Energy (DVN) and Marathon Petroleum (MPC) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DVN and MPC?
Across a 3-year window, the weekly returns of DVN and MPC correlate at 0.64, strong. Recent behaviour matches the longer record: 0.60 over 1 year against 0.64 over 3. Stretching to 5 years gives 0.66, with an annualized covariance of 753.4 %².
By 3-year correlation, MPC places #26 of the 42 assets tracked against DVN. The last year tells two different stories: MPC led by 71.9 percentage points, +35.9% for DVN against +107.8% for MPC. On a rolling one-year basis the correlation drifted between 0.49 and 0.74, a moderate band.
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 MPC: side by side
| DVN (Devon Energy) | MPC (Marathon Petroleum) | |
|---|---|---|
| 1-year return | +35.9% | +107.8% |
| 5-year return | +102.7% | +589.6% |
| Volatility (ann.) | 34.3% | 34.2% |
| Beta vs S&P 500 | 0.16 | 0.48 |
| Max drawdown (3Y) | -49.2% | -44.7% |
| Market cap | $51.8B | $102.1B |
| P/E (trailing) | 10.2 | 12.6 |
| Dividend yield | 2.22% | 1.10% |
| Sector / category | Energy | Energy |
Year-by-year returns
| Year | DVN | MPC |
|---|---|---|
| 2022 | +50.9% | +86.6% |
| 2023 | -21.8% | +30.5% |
| 2024 | -25.2% | -4.1% |
| 2025 | +15.0% | +19.2% |
| 2026 | +30.2% | +126.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DVN and MPC good diversifiers for each other?
To a limited degree. At 0.64 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 DVN and MPC?
The DVN/MPC correlation stands at 0.64 on a 3-year window (1 year: 0.60, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is MPC a good diversifier for DVN?
To a limited degree. At 0.64 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 0.64 mean?
A reading of 0.64 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dvn-vs-mpc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dvn-vs-mpc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DVN correlations · MPC correlations
