OVV.TO vs. MG.TO
OVV.TO (Ovintiv Inc.) and MG.TO (Magna International Inc.) are both stocks. OVV.TO operates in Oil & Gas E&P (Energy), while MG.TO operates in Auto Parts (Consumer Cyclical). Over the past 10 years, OVV.TO returned 6.93%/yr vs 10.25%/yr for MG.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
OVV.TO vs. MG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, OVV.TO achieves a 53.92% return, which is significantly higher than MG.TO's 31.46% return. Over the past 10 years, OVV.TO has underperformed MG.TO with an annualized return of 6.93%, while MG.TO has yielded a comparatively higher 10.25% annualized return.
OVV.TO
- 1D
- 1.63%
- 1M
- -3.90%
- YTD
- 53.92%
- 6M
- 41.23%
- 1Y
- 62.52%
- 3Y*
- 23.31%
- 5Y*
- 20.01%
- 10Y*
- 6.93%
MG.TO
- 1D
- 0.52%
- 1M
- 17.80%
- YTD
- 31.46%
- 6M
- 39.30%
- 1Y
- 96.84%
- 3Y*
- 15.84%
- 5Y*
- -2.05%
- 10Y*
- 10.25%
OVV.TO vs. MG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OVV.TO Ovintiv Inc. | 53.92% | -4.83% | 2.89% | -12.76% | 64.11% | 136.29% | -36.05% | -21.66% | -52.84% | 7.02% |
MG.TO Magna International Inc. | 31.46% | 27.68% | -20.03% | 6.45% | -23.55% | 15.82% | 30.78% | 18.36% | -4.82% | 25.61% |
Correlation
The correlation between OVV.TO and MG.TO is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 1989 | 0.19 |
The correlation between OVV.TO and MG.TO shifts across timeframes, from -0.05 (1 year) to 0.27 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
OVV.TO:
CA$22.08B
MG.TO:
CA$26.34B
OVV.TO:
CA$2.97
MG.TO:
CA$2.38
OVV.TO:
27.70
MG.TO:
39.79
OVV.TO:
1.29
MG.TO:
9.95
OVV.TO:
2.38
MG.TO:
0.63
OVV.TO:
1.92
MG.TO:
2.21
OVV.TO:
CA$9.00B
MG.TO:
CA$42.32B
OVV.TO:
CA$3.78B
MG.TO:
CA$5.32B
OVV.TO:
CA$4.19B
MG.TO:
CA$3.60B
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Return for Risk
OVV.TO vs. MG.TO — Risk / Return Rank
OVV.TO
MG.TO
OVV.TO vs. MG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ovintiv Inc. (OVV.TO) and Magna International Inc. (MG.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| OVV.TO | MG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.52 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.87 | 4.27 | -0.40 |
| Martin ratioReturn relative to average drawdown | 8.53 | 13.12 | -4.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OVV.TO | MG.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 2.77 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | -0.06 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 0.31 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.38 | -0.28 |
Drawdowns
OVV.TO vs. MG.TO - Drawdown Comparison
The maximum OVV.TO drawdown since its inception was -97.99%, which is greater than MG.TO's maximum drawdown of -75.69%. Use the drawdown chart below to compare losses from any high point for OVV.TO and MG.TO.
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Drawdown Indicators
| OVV.TO | MG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.99% | -75.69% | -22.30% |
Max Drawdown (1Y)Largest decline over 1 year | -16.24% | -22.79% | +6.55% |
Max Drawdown (3Y)Largest decline over 3 years | -39.95% | -44.57% | +4.62% |
Max Drawdown (5Y)Largest decline over 5 years | -43.65% | -60.21% | +16.56% |
Max Drawdown (10Y)Largest decline over 10 years | -96.76% | -60.21% | -36.55% |
Current DrawdownCurrent decline from peak | -32.52% | -9.82% | -22.70% |
Average DrawdownAverage peak-to-trough decline | -30.96% | -22.18% | -8.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.35% | 7.41% | -0.06% |
Volatility
OVV.TO vs. MG.TO - Volatility Comparison
Ovintiv Inc. (OVV.TO) and Magna International Inc. (MG.TO) have volatilities of 9.92% and 10.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OVV.TO | MG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.92% | 10.24% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 26.43% | 27.82% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.73% | 35.23% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.58% | 33.71% | +9.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.18% | 33.47% | +24.71% |
Dividends
OVV.TO vs. MG.TO - Dividend Comparison
OVV.TO's dividend yield for the trailing twelve months is around 2.00%, less than MG.TO's 2.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MG.TO Magna International Inc. | 2.86% | 3.73% | 4.34% | 3.18% | 3.07% | 2.10% | 2.38% | 2.74% | 9.64% | 2.40% | 2.70% | 2.42% |
OVV.TO Ovintiv Inc. | 2.00% | 3.10% | 2.83% | 2.67% | 1.82% | 1.38% | 2.74% | 1.64% | 0.72% | 0.46% | 0.50% | 5.16% |
Financials
OVV.TO vs. MG.TO - Financials Comparison
This section allows you to compare key financial metrics between Ovintiv Inc. and Magna International Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
OVV.TO vs. MG.TO - Profitability Comparison
OVV.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ovintiv Inc. reported a gross profit of 982.47M and revenue of 2.59B. Therefore, the gross margin over that period was 38.0%.
MG.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Magna International Inc. reported a gross profit of 984.59M and revenue of 10.21B. Therefore, the gross margin over that period was 9.6%.
OVV.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ovintiv Inc. reported an operating income of 791.96M and revenue of 2.59B, resulting in an operating margin of 30.6%.
MG.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Magna International Inc. reported an operating income of 436.72M and revenue of 10.21B, resulting in an operating margin of 4.3%.
OVV.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ovintiv Inc. reported a net income of -628.38M and revenue of 2.59B, resulting in a net margin of -24.3%.
MG.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Magna International Inc. reported a net income of -11.80M and revenue of 10.21B, resulting in a net margin of -0.1%.
Frequently Asked Questions
OVV.TO and MG.TO have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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