OVV vs VTS: Correlation
How closely do Ovintiv Inc. (DE) (OVV) and Vitesse Energy, Inc. (VTS) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OVV and VTS?
Across a 3-year window, the weekly returns of OVV and VTS correlate at 0.66, strong. Lately the two have drifted apart, with the 1-year correlation at 0.51 versus 0.66 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 737.4 %².
By 3-year correlation, VTS places #29 of the 44 assets tracked against OVV. Correlation aside, the last 12 months split them widely, with OVV ahead by 90.5 points (+61.2% versus -29.3%).
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 VTS: side by side
| OVV (Ovintiv Inc. (DE)) | VTS (Vitesse Energy, Inc.) | |
|---|---|---|
| 1-year return | +61.2% | -29.3% |
| 5-year return | +175.7% | n/a |
| Volatility (ann.) | 36.4% | 30.6% |
| Beta vs S&P 500 | 0.43 | 0.54 |
| Max drawdown (3Y) | -42.2% | -38.4% |
| Market cap | $18.0B | $0.7B |
| P/E (trailing) | 18.0 | – |
| Dividend yield | 1.86% | 11.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OVV | VTS |
|---|---|---|
| 2022 | +53.3% | – |
| 2023 | -10.9% | – |
| 2024 | -5.2% | +24.3% |
| 2025 | -0.3% | -15.2% |
| 2026 | +68.1% | -6.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OVV and VTS good diversifiers for each other?
Only partially. A correlation of 0.66 means OVV and VTS 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 VTS?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.51 over the last year and n/a over 5 years.
Is VTS a good diversifier for OVV?
Only partially. A correlation of 0.66 means OVV and VTS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 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/ovv-vs-vts.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ovv-vs-vts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OVV correlations · VTS correlations
