DVN vs VET: Correlation
Devon Energy (DVN) and Vermilion Energy Inc. Common (Canada) (VET) show a very strong relationship: their 3-year correlation of weekly returns is 0.80.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DVN and VET?
Over the past 3 years, DVN and VET moved with a correlation of 0.80, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.81) sits close to the 3-year figure. Over 5 years the correlation is 0.77, and the annualized covariance of weekly returns is 1192.7 %².
Among the 42 assets we track against DVN, VET ranks #12 by 3-year correlation. The last year tells two different stories: VET led by 32.5 percentage points, +35.9% for DVN against +68.4% for VET.
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 VET: side by side
| DVN (Devon Energy) | VET (Vermilion Energy Inc. Common (Canada)) | |
|---|---|---|
| 1-year return | +35.9% | +68.4% |
| 5-year return | +102.7% | +115.2% |
| Volatility (ann.) | 34.3% | 43.6% |
| Beta vs S&P 500 | 0.16 | 0.31 |
| Max drawdown (3Y) | -49.2% | -63.4% |
| Market cap | $51.8B | $1.9B |
| P/E (trailing) | 10.2 | – |
| Dividend yield | 2.22% | 4.32% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | DVN | VET |
|---|---|---|
| 2022 | +50.9% | +42.1% |
| 2023 | -21.8% | -30.3% |
| 2024 | -25.2% | -19.4% |
| 2025 | +15.0% | -9.1% |
| 2026 | +30.2% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DVN and VET good diversifiers for each other?
No: a correlation of 0.80 means DVN and VET tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between DVN and VET?
As of 2026-08-27, the correlation of weekly returns between DVN and VET is 0.80 over 3 years, 0.81 over 1 year and 0.77 over 5 years.
Is VET a good diversifier for DVN?
No: a correlation of 0.80 means DVN and VET tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.80 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-vet.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dvn-vs-vet/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DVN correlations · VET correlations
