DWSN vs VEEE: Correlation
Measured on weekly returns over the past three years, Dawson Geophysical Company (DWSN) and Twin Vee PowerCats Co. (VEEE) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DWSN and VEEE?
On 3 years of weekly data the DWSN/VEEE correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.42) runs below the 3-year figure (-0.31). The 5-year figure is -0.22, and annualized covariance runs at -11198.3 %².
VEEE is close to the least connected end of DWSN's tracked universe, ranking #16 of 17. The last year tells two different stories: DWSN led by 179.8 percentage points, +93.5% for DWSN against -86.3% for VEEE. One caveat on sizing: VEEE is 4.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DWSN vs VEEE: side by side
| DWSN (Dawson Geophysical Company) | VEEE (Twin Vee PowerCats Co.) | |
|---|---|---|
| 1-year return | +93.5% | -86.3% |
| 5-year return | +93.2% | -99.4% |
| Volatility (ann.) | 86.8% | 421.0% |
| Beta vs S&P 500 | -0.14 | -1.03 |
| Max drawdown (3Y) | -64.3% | -99.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | 27.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DWSN | VEEE |
|---|---|---|
| 2022 | -15.5% | -54.4% |
| 2023 | -6.6% | -22.4% |
| 2024 | -14.2% | -61.3% |
| 2025 | +16.4% | -68.4% |
| 2026 | +108.3% | -84.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DWSN and VEEE good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DWSN and VEEE?
The DWSN/VEEE correlation stands at -0.31 on a 3-year window (1 year: -0.42, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is VEEE a good diversifier for DWSN?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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.
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Related comparisons
Hubs: DWSN correlations · VEEE correlations
