DVN vs SYPR: Correlation
Measured on weekly returns over the past three years, Devon Energy (DVN) and Sypris Solutions, Inc. (SYPR) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DVN and SYPR?
Across a 3-year window, the weekly returns of DVN and SYPR correlate at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.36 versus -0.23 over 3 years. Stretching to 5 years gives -0.05, with an annualized covariance of -458.2 %².
Among the 42 assets we track against DVN, SYPR ranks #35 by 3-year correlation. The last year tells two different stories: DVN led by 50.4 percentage points, +35.9% for DVN against -14.5% for SYPR. Risk is not evenly split, since SYPR carries 1.7 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 SYPR: side by side
| DVN (Devon Energy) | SYPR (Sypris Solutions, Inc.) | |
|---|---|---|
| 1-year return | +35.9% | -14.5% |
| 5-year return | +102.7% | -55.9% |
| Volatility (ann.) | 34.3% | 59.0% |
| Beta vs S&P 500 | 0.16 | 0.58 |
| Max drawdown (3Y) | -49.2% | -59.1% |
| 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 | SYPR |
|---|---|---|
| 2022 | +50.9% | -16.7% |
| 2023 | -21.8% | -1.0% |
| 2024 | -25.2% | -12.3% |
| 2025 | +15.0% | +37.1% |
| 2026 | +30.2% | -29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DVN and SYPR good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between DVN and SYPR?
The DVN/SYPR correlation stands at -0.23 on a 3-year window (1 year: -0.36, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is SYPR a good diversifier for DVN?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
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-sypr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dvn-vs-sypr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DVN correlations · SYPR correlations
