OVV vs. AAPL
OVV (Ovintiv Inc.) and AAPL (Apple Inc) are both stocks. OVV operates in Oil & Gas E&P (Energy), while AAPL operates in Consumer Electronics (Technology). Over the past 10 years, OVV returned 5.72%/yr vs 30.17%/yr for AAPL. At a 0.23 correlation, their price movements are largely independent.
Performance
OVV vs. AAPL - Performance Comparison
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Returns By Period
In the year-to-date period, OVV achieves a 40.87% return, which is significantly higher than AAPL's 9.45% return. Over the past 10 years, OVV has underperformed AAPL with an annualized return of 5.72%, while AAPL has yielded a comparatively higher 30.17% annualized return.
OVV
- 1D
- 4.22%
- 1M
- -6.53%
- YTD
- 40.87%
- 6M
- 45.71%
- 1Y
- 35.00%
- 3Y*
- 19.21%
- 5Y*
- 14.56%
- 10Y*
- 5.72%
AAPL
- 1D
- -0.34%
- 1M
- -3.82%
- YTD
- 9.45%
- 6M
- 9.81%
- 1Y
- 48.35%
- 3Y*
- 17.28%
- 5Y*
- 17.91%
- 10Y*
- 30.17%
OVV vs. AAPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OVV Ovintiv Inc. | 40.87% | -0.30% | -5.23% | -10.93% | 53.29% | 138.31% | -34.91% | -17.62% | -56.37% | 14.20% |
AAPL Apple Inc | 9.45% | 9.05% | 30.71% | 49.01% | -26.40% | 34.65% | 82.31% | 88.96% | -5.39% | 48.46% |
Correlation
The correlation between OVV and AAPL is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2002 | 0.23 |
The correlation between OVV and AAPL shifts across timeframes, from -0.07 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
Fundamentals
OVV:
$14.65B
AAPL:
$4.39T
OVV:
$2.95
AAPL:
$8.24
OVV:
18.53
AAPL:
36.06
OVV:
0.86
AAPL:
4.74
OVV:
1.60
AAPL:
9.79
OVV:
1.27
AAPL:
41.19
OVV:
$8.94B
AAPL:
$451.44B
OVV:
$5.10B
AAPL:
$216.07B
OVV:
$2.62B
AAPL:
$153.63B
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Return for Risk
OVV vs. AAPL — Risk / Return Rank
OVV
AAPL
OVV vs. AAPL - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OVV | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.39 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 3.52 | -1.41 |
| Martin ratioReturn relative to average drawdown | 4.58 | 8.68 | -4.09 |
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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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Drawdown Indicators
| OVV | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.88% | -81.80% | -17.08% |
Max Drawdown (1Y)Largest decline over 1 year | -16.68% | -13.80% | -2.88% |
Max Drawdown (3Y)Largest decline over 3 years | -42.21% | -33.36% | -8.85% |
Max Drawdown (5Y)Largest decline over 5 years | -47.13% | -33.36% | -13.77% |
Max Drawdown (10Y)Largest decline over 10 years | -96.82% | -38.52% | -58.30% |
Current DrawdownCurrent decline from peak | -66.74% | -5.77% | -60.97% |
Average DrawdownAverage peak-to-trough decline | -52.07% | -29.58% | -22.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.76% | 5.59% | +2.17% |
Volatility
OVV vs. AAPL - Volatility Comparison
Ovintiv Inc. (OVV) has a higher volatility of 11.50% compared to Apple Inc (AAPL) at 7.01%. 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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Volatility by Period
| OVV | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.50% | 7.01% | +4.49% |
Volatility (6M)Calculated over the trailing 6-month period | 26.61% | 16.59% | +10.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.33% | 22.59% | +13.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.82% | 27.52% | +18.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.08% | 28.94% | +31.14% |
Dividends
OVV vs. AAPL - Dividend Comparison
OVV's dividend yield for the trailing twelve months is around 2.20%, more than AAPL's 0.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.35% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
OVV Ovintiv Inc. | 2.20% | 3.06% | 2.96% | 2.62% | 1.87% | 1.39% | 2.61% | 1.60% | 1.04% | 0.45% | 0.51% | 5.50% |
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 2026, Ovintiv Inc. reported a gross profit of 2.31B and revenue of 2.53B. Therefore, the gross margin over that period was 91.0%.
AAPL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Apple Inc reported a gross profit of 54.78B and revenue of 111.18B. Therefore, the gross margin over that period was 49.3%.
OVV - 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 -754.00M and revenue of 2.53B, resulting in an operating margin of -29.8%.
AAPL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Apple Inc reported an operating income of 35.89B and revenue of 111.18B, resulting in an operating margin of 32.3%.
OVV - 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 -630.00M and revenue of 2.53B, resulting in a net margin of -24.9%.
AAPL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Apple Inc reported a net income of 29.58B and revenue of 111.18B, resulting in a net margin of 26.6%.
Frequently Asked Questions
OVV and AAPL have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OVV has higher volatility (11.50%) compared to AAPL (7.01%). In terms of maximum drawdown, OVV dropped -98.88% vs AAPL's -81.80%.
AAPL currently has the higher Sharpe Ratio (2.16 vs 0.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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