DVN vs SD: Correlation
How closely do Devon Energy (DVN) and SandRidge Energy, Inc. (SD) trade together? Their weekly returns over three years give a correlation of 0.76, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DVN and SD?
Over the past 3 years, DVN and SD moved with a correlation of 0.76, which is strong. Little has changed lately, as the 1-year reading of 0.70 lands near the 3-year figure. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 856.7 %².
By 3-year correlation, SD places #17 of the 42 assets tracked against DVN. The trailing year gives DVN the advantage: +35.9% versus +27.8%, a 8.1-point spread.
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 SD: side by side
| DVN (Devon Energy) | SD (SandRidge Energy, Inc.) | |
|---|---|---|
| 1-year return | +35.9% | +27.8% |
| 5-year return | +102.7% | +126.2% |
| Volatility (ann.) | 34.3% | 33.0% |
| Beta vs S&P 500 | 0.16 | 0.32 |
| Max drawdown (3Y) | -49.2% | -37.9% |
| Market cap | $51.8B | $0.5B |
| P/E (trailing) | 10.2 | 6.3 |
| Dividend yield | 2.22% | 3.52% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | DVN | SD |
|---|---|---|
| 2022 | +50.9% | +62.8% |
| 2023 | -21.8% | -8.2% |
| 2024 | -25.2% | -1.2% |
| 2025 | +15.0% | +28.2% |
| 2026 | +30.2% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DVN and SD good diversifiers for each other?
To a limited degree. At 0.76 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 SD?
The DVN/SD correlation stands at 0.76 on a 3-year window (1 year: 0.70, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is SD a good diversifier for DVN?
To a limited degree. At 0.76 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 0.76 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/dvn-vs-sd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dvn-vs-sd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DVN correlations · SD correlations
