Correlation
The correlation between OVV and AAPL is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
OVV vs. AAPL
Compare and contrast key facts about Ovintiv Inc. (OVV) and Apple Inc (AAPL).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OVV or AAPL.
Performance
OVV vs. AAPL - Performance Comparison
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Key characteristics
OVV:
-0.60
AAPL:
0.17
OVV:
-0.54
AAPL:
0.51
OVV:
0.93
AAPL:
1.07
OVV:
-0.31
AAPL:
0.19
OVV:
-1.29
AAPL:
0.57
OVV:
19.37%
AAPL:
10.94%
OVV:
45.06%
AAPL:
33.11%
OVV:
-98.88%
AAPL:
-81.80%
OVV:
-78.75%
AAPL:
-22.27%
Fundamentals
OVV:
$9.49B
AAPL:
$3.00T
OVV:
$2.36
AAPL:
$6.45
OVV:
15.18
AAPL:
31.14
OVV:
1.06
AAPL:
7.49
OVV:
0.92
AAPL:
44.91
OVV:
$9.10B
AAPL:
$400.37B
OVV:
$4.42B
AAPL:
$186.70B
OVV:
$3.32B
AAPL:
$138.87B
Returns By Period
In the year-to-date period, OVV achieves a -10.86% return, which is significantly higher than AAPL's -19.60% return. Over the past 10 years, OVV has underperformed AAPL with an annualized return of -3.39%, while AAPL has yielded a comparatively higher 21.31% annualized return.
OVV
-10.86%
4.19%
-19.94%
-28.62%
-11.59%
39.48%
-3.39%
AAPL
-19.60%
-5.72%
-15.17%
4.96%
11.09%
21.05%
21.31%
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Risk-Adjusted Performance
OVV vs. AAPL — Risk-Adjusted Performance Rank
OVV
AAPL
OVV vs. AAPL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ovintiv Inc. (OVV) and Apple Inc (AAPL). 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.
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Dividends
OVV vs. AAPL - Dividend Comparison
OVV's dividend yield for the trailing twelve months is around 3.35%, more than AAPL's 0.50% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OVV Ovintiv Inc. | 3.35% | 2.96% | 2.62% | 1.87% | 1.39% | 2.61% | 1.60% | 1.04% | 0.45% | 0.51% | 5.50% | 2.02% |
AAPL Apple Inc | 0.50% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% | 1.67% |
Drawdowns
OVV vs. AAPL - Drawdown Comparison
The maximum OVV drawdown since its inception was -98.88%, which is greater than AAPL's maximum drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for OVV and AAPL.
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Volatility
OVV vs. AAPL - Volatility Comparison
Ovintiv Inc. (OVV) has a higher volatility of 11.26% compared to Apple Inc (AAPL) at 9.61%. This indicates that OVV's price experiences larger fluctuations and is considered to be riskier than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
OVV vs. AAPL - Financials Comparison
This section allows you to compare key financial metrics between Ovintiv Inc. and Apple 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 vs. AAPL - Profitability Comparison
OVV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, Ovintiv Inc. reported a gross profit of 1.34B and revenue of 2.38B. Therefore, the gross margin over that period was 56.5%.
AAPL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, Apple Inc reported a gross profit of 44.87B and revenue of 95.36B. Therefore, the gross margin over that period was 47.1%.
OVV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, Ovintiv Inc. reported an operating income of -89.00M and revenue of 2.38B, resulting in an operating margin of -3.7%.
AAPL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, Apple Inc reported an operating income of 29.59B and revenue of 95.36B, resulting in an operating margin of 31.0%.
OVV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, Ovintiv Inc. reported a net income of -159.00M and revenue of 2.38B, resulting in a net margin of -6.7%.
AAPL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, Apple Inc reported a net income of 24.78B and revenue of 95.36B, resulting in a net margin of 26.0%.