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CVE correlations (Cenovus Energy Inc)

Which assets move with CVE and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

35.6%

3y weekly

Beta vs S&P 500

0.18

3y weekly

1-year return

+89.5%

price, adjusted

5-year return

+329.0%

price, adjusted

Market cap

$58.5B

latest

P/E ratio

12.1

trailing

Dividend yield

2.60%

trailing

Max drawdown

-49.6%

3y, daily closes

CVE over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with CVE

Asset		Correlation (3Y)
CNQ	Canadian Natural Resources Limited	0.82
SU	Suncor Energy Inc.	0.82
OVV	Ovintiv Inc. (DE)	0.81
XLE	Energy Select Sector SPDR Fund	0.81
PR	Permian Resources Corporation	0.81

These are the assets whose returns had the least to do with CVE's, historically the most independent picks in our universe.

Asset		Correlation (3Y)
SHY	iShares 1-3 Year Treasury Bond ETF	-0.30
IEF	iShares 7-10 Year Treasury Bond ETF	-0.29
RKT	Rocket Companies, Inc.	-0.28

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/cve.json

Correlations, diversifiers, beta and volatility for CVE, plus one endpoint per pair. API documentation.

ETF		CVE weight
VEA	Vanguard FTSE Developed Markets ETF	0.13%