FTI vs OVV: Correlation
How closely do TechnipFMC plc (FTI) and Ovintiv Inc. (DE) (OVV) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTI and OVV?
Over the past 3 years, FTI and OVV moved with a correlation of 0.71, which is strong. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 935.7 %².
By 3-year correlation, OVV places #4 of the 14 assets tracked against FTI. The last year tells two different stories: FTI led by 48.2 percentage points, +109.4% for FTI against +61.2% for OVV.
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.
FTI vs OVV: side by side
| FTI (TechnipFMC plc) | OVV (Ovintiv Inc. (DE)) | |
|---|---|---|
| 1-year return | +109.4% | +61.2% |
| 5-year return | +1078.9% | +175.7% |
| Volatility (ann.) | 36.4% | 36.4% |
| Beta vs S&P 500 | 0.70 | 0.43 |
| Max drawdown (3Y) | -28.9% | -42.2% |
| Market cap | $29.9B | $18.0B |
| P/E (trailing) | 26.5 | 18.0 |
| Dividend yield | 0.26% | 1.86% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTI | OVV |
|---|---|---|
| 2022 | +105.9% | +53.3% |
| 2023 | +66.1% | -10.9% |
| 2024 | +44.8% | -5.2% |
| 2025 | +54.9% | -0.3% |
| 2026 | +71.6% | +68.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTI and OVV good diversifiers for each other?
To a limited degree. At 0.71 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 FTI and OVV?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.61 over the last year and 0.69 over 5 years.
Is OVV a good diversifier for FTI?
To a limited degree. At 0.71 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 0.71 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/fti-vs-ovv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fti-vs-ovv/)
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Related comparisons
Hubs: FTI correlations · OVV correlations
