OVV vs TALO: Correlation
Ovintiv Inc. (DE) (OVV) and Talos Energy, Inc. (TALO) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OVV and TALO?
On 3 years of weekly data the OVV/TALO correlation comes out at 0.78, strong. Recent behaviour matches the longer record: 0.75 over 1 year against 0.78 over 3. The 5-year figure is 0.77, and annualized covariance runs at 1284.8 %².
By 3-year correlation, TALO places #16 of the 44 assets tracked against OVV. Over the last 12 months TALO came out ahead by 14.0 percentage points (+61.2% against +75.2%).
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 TALO: side by side
| OVV (Ovintiv Inc. (DE)) | TALO (Talos Energy, Inc.) | |
|---|---|---|
| 1-year return | +61.2% | +75.2% |
| 5-year return | +175.7% | +37.6% |
| Volatility (ann.) | 36.4% | 45.1% |
| Beta vs S&P 500 | 0.43 | 0.35 |
| Max drawdown (3Y) | -42.2% | -63.2% |
| Market cap | $18.0B | $2.8B |
| P/E (trailing) | 18.0 | – |
| Dividend yield | 1.86% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OVV | TALO |
|---|---|---|
| 2022 | +53.3% | +92.7% |
| 2023 | -10.9% | -24.6% |
| 2024 | -5.2% | -31.8% |
| 2025 | -0.3% | +13.5% |
| 2026 | +68.1% | +51.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OVV and TALO good diversifiers for each other?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between OVV and TALO?
The OVV/TALO correlation stands at 0.78 on a 3-year window (1 year: 0.75, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is TALO a good diversifier for OVV?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.78 mean?
A reading of 0.78 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: OVV correlations · TALO correlations
