OVV vs SMHI: Correlation
Measured on weekly returns over the past three years, Ovintiv Inc. (DE) (OVV) and SEACOR Marine Holdings Inc. (SMHI) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OVV and SMHI?
Across a 3-year window, the weekly returns of OVV and SMHI correlate at 0.55, moderate. The past 12 months show a weaker link (0.35) than the 3-year average (0.55). Stretching to 5 years gives 0.51, with an annualized covariance of 1088.5 %².
Among the 44 assets we track against OVV, SMHI ranks #33 by 3-year correlation. Over the last 12 months OVV came out ahead by 14.0 percentage points (+61.2% against +47.2%). Risk is not evenly split, since SMHI carries 1.5 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.
OVV vs SMHI: side by side
| OVV (Ovintiv Inc. (DE)) | SMHI (SEACOR Marine Holdings Inc.) | |
|---|---|---|
| 1-year return | +61.2% | +47.2% |
| 5-year return | +175.7% | +119.6% |
| Volatility (ann.) | 36.4% | 54.8% |
| Beta vs S&P 500 | 0.43 | 1.41 |
| Max drawdown (3Y) | -42.2% | -74.3% |
| Market cap | $18.0B | $0.3B |
| P/E (trailing) | 18.0 | – |
| Dividend yield | 1.86% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OVV | SMHI |
|---|---|---|
| 2022 | +53.3% | +169.4% |
| 2023 | -10.9% | +37.4% |
| 2024 | -5.2% | -47.9% |
| 2025 | -0.3% | -8.2% |
| 2026 | +68.1% | +58.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OVV and SMHI good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between OVV and SMHI?
As of 2026-08-27, the correlation of weekly returns between OVV and SMHI is 0.55 over 3 years, 0.35 over 1 year and 0.51 over 5 years.
Is SMHI a good diversifier for OVV?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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/ovv-vs-smhi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ovv-vs-smhi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OVV correlations · SMHI correlations
