OVV vs SD: Correlation
Ovintiv Inc. (DE) (OVV) and SandRidge Energy, Inc. (SD) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OVV and SD?
Across a 3-year window, the weekly returns of OVV and SD correlate at 0.73, strong. Lately the two have drifted apart, with the 1-year correlation at 0.60 versus 0.73 over 3 years. Stretching to 5 years gives 0.71, with an annualized covariance of 880.1 %².
Within OVV's tracked universe of 44 assets, SD comes in at #22 by 3-year correlation. Correlation aside, the last 12 months split them widely, with OVV ahead by 33.4 points (+61.2% versus +27.8%).
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.
OVV vs SD: side by side
| OVV (Ovintiv Inc. (DE)) | SD (SandRidge Energy, Inc.) | |
|---|---|---|
| 1-year return | +61.2% | +27.8% |
| 5-year return | +175.7% | +126.2% |
| Volatility (ann.) | 36.4% | 33.0% |
| Beta vs S&P 500 | 0.43 | 0.32 |
| Max drawdown (3Y) | -42.2% | -37.9% |
| Market cap | $18.0B | $0.5B |
| P/E (trailing) | 18.0 | 6.3 |
| Dividend yield | 1.86% | 3.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OVV | SD |
|---|---|---|
| 2022 | +53.3% | +62.8% |
| 2023 | -10.9% | -8.2% |
| 2024 | -5.2% | -1.2% |
| 2025 | -0.3% | +28.2% |
| 2026 | +68.1% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OVV and SD good diversifiers for each other?
Only partially. A correlation of 0.73 means OVV and SD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between OVV and SD?
As of 2026-08-27, the correlation of weekly returns between OVV and SD is 0.73 over 3 years, 0.60 over 1 year and 0.71 over 5 years.
Is SD a good diversifier for OVV?
Only partially. A correlation of 0.73 means OVV and SD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.73 mean?
A reading of 0.73 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ovv-vs-sd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ovv-vs-sd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OVV correlations · SD correlations
