Correlation
The correlation between OVV and CVE is 0.45, 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. CVE
Compare and contrast key facts about Ovintiv Inc. (OVV) and Cenovus Energy Inc. (CVE).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OVV or CVE.
Performance
OVV vs. CVE - Performance Comparison
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Key characteristics
OVV:
-0.60
CVE:
-0.87
OVV:
-0.54
CVE:
-1.20
OVV:
0.93
CVE:
0.85
OVV:
-0.31
CVE:
-0.55
OVV:
-1.29
CVE:
-1.42
OVV:
19.37%
CVE:
24.72%
OVV:
45.06%
CVE:
39.05%
OVV:
-98.88%
CVE:
-95.01%
OVV:
-78.75%
CVE:
-54.94%
Fundamentals
OVV:
$9.49B
CVE:
$24.51B
OVV:
$2.36
CVE:
$1.10
OVV:
15.18
CVE:
11.98
OVV:
1.06
CVE:
0.45
OVV:
0.92
CVE:
1.11
OVV:
$9.10B
CVE:
$58.53B
OVV:
$4.42B
CVE:
$11.53B
OVV:
$3.32B
CVE:
$9.29B
Returns By Period
In the year-to-date period, OVV achieves a -10.86% return, which is significantly higher than CVE's -12.16% return. Over the past 10 years, OVV has underperformed CVE with an annualized return of -3.39%, while CVE has yielded a comparatively higher -0.48% annualized return.
OVV
-10.86%
4.19%
-19.94%
-28.62%
-11.59%
39.48%
-3.39%
CVE
-12.16%
10.11%
-14.90%
-34.55%
-14.84%
27.23%
-0.48%
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Risk-Adjusted Performance
OVV vs. CVE — Risk-Adjusted Performance Rank
OVV
CVE
OVV vs. CVE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ovintiv Inc. (OVV) and Cenovus Energy Inc. (CVE). 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. CVE - Dividend Comparison
OVV's dividend yield for the trailing twelve months is around 3.35%, less than CVE's 3.92% 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% |
CVE Cenovus Energy Inc. | 3.92% | 3.92% | 2.33% | 1.81% | 0.57% | 0.75% | 1.58% | 2.17% | 1.70% | 1.01% | 5.25% | 4.64% |
Drawdowns
OVV vs. CVE - Drawdown Comparison
The maximum OVV drawdown since its inception was -98.88%, roughly equal to the maximum CVE drawdown of -95.01%. Use the drawdown chart below to compare losses from any high point for OVV and CVE.
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Volatility
OVV vs. CVE - Volatility Comparison
Ovintiv Inc. (OVV) and Cenovus Energy Inc. (CVE) have volatilities of 11.26% and 11.64%, 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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Financials
OVV vs. CVE - Financials Comparison
This section allows you to compare key financial metrics between Ovintiv Inc. and Cenovus Energy 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. CVE - 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%.
CVE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, Cenovus Energy Inc. reported a gross profit of 3.11B and revenue of 14.21B. Therefore, the gross margin over that period was 21.9%.
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%.
CVE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, Cenovus Energy Inc. reported an operating income of 1.28B and revenue of 14.21B, resulting in an operating margin of 9.0%.
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%.
CVE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, Cenovus Energy Inc. reported a net income of 859.00M and revenue of 14.21B, resulting in a net margin of 6.1%.