OVV vs. FANG
Compare and contrast key facts about Ovintiv Inc. (OVV) and Diamondback Energy, Inc. (FANG).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OVV or FANG.
Correlation
The correlation between OVV and FANG is 0.68, 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.
Performance
OVV vs. FANG - Performance Comparison
Key characteristics
OVV:
-0.35
FANG:
0.14
OVV:
-0.30
FANG:
0.39
OVV:
0.96
FANG:
1.05
OVV:
-0.13
FANG:
0.15
OVV:
-0.61
FANG:
0.42
OVV:
17.05%
FANG:
9.21%
OVV:
29.96%
FANG:
28.20%
OVV:
-98.88%
FANG:
-88.72%
OVV:
-77.76%
FANG:
-25.29%
Fundamentals
OVV:
$10.35B
FANG:
$46.76B
OVV:
$7.43
FANG:
$17.33
OVV:
5.25
FANG:
9.24
OVV:
$9.87B
FANG:
$9.57B
OVV:
$3.75B
FANG:
$6.02B
OVV:
$5.25B
FANG:
$6.66B
Returns By Period
In the year-to-date period, OVV achieves a -11.60% return, which is significantly lower than FANG's 4.36% return. Over the past 10 years, OVV has underperformed FANG with an annualized return of -3.76%, while FANG has yielded a comparatively higher 12.21% annualized return.
OVV
-11.60%
-16.80%
-16.71%
-11.05%
15.16%
-3.76%
FANG
4.36%
-14.61%
-17.44%
3.57%
17.01%
12.21%
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Risk-Adjusted Performance
OVV vs. FANG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ovintiv Inc. (OVV) and Diamondback Energy, Inc. (FANG). 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.
Dividends
OVV vs. FANG - Dividend Comparison
OVV's dividend yield for the trailing twelve months is around 3.18%, less than FANG's 5.35% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Ovintiv Inc. | 3.18% | 2.62% | 1.87% | 1.39% | 2.61% | 1.60% | 1.04% | 0.45% | 0.51% | 5.50% | 2.02% | 3.71% |
Diamondback Energy, Inc. | 5.35% | 5.15% | 6.55% | 1.62% | 3.10% | 0.74% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
OVV vs. FANG - Drawdown Comparison
The maximum OVV drawdown since its inception was -98.88%, which is greater than FANG's maximum drawdown of -88.72%. Use the drawdown chart below to compare losses from any high point for OVV and FANG. For additional features, visit the drawdowns tool.
Volatility
OVV vs. FANG - Volatility Comparison
Ovintiv Inc. (OVV) and Diamondback Energy, Inc. (FANG) have volatilities of 7.47% and 7.53%, 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.
Financials
OVV vs. FANG - Financials Comparison
This section allows you to compare key financial metrics between Ovintiv Inc. and Diamondback 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