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OVV vs. FANG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

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.


-0.50.00.51.00.7

Performance

OVV vs. FANG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ovintiv Inc. (OVV) and Diamondback Energy, Inc. (FANG). The values are adjusted to include any dividend payments, if applicable.

-20.00%-15.00%-10.00%-5.00%0.00%5.00%JulyAugustSeptemberOctoberNovemberDecember
-18.76%
-20.42%
OVV
FANG

Key characteristics

Sharpe Ratio

OVV:

-0.35

FANG:

0.14

Sortino Ratio

OVV:

-0.30

FANG:

0.39

Omega Ratio

OVV:

0.96

FANG:

1.05

Calmar Ratio

OVV:

-0.13

FANG:

0.15

Martin Ratio

OVV:

-0.61

FANG:

0.42

Ulcer Index

OVV:

17.05%

FANG:

9.21%

Daily Std Dev

OVV:

29.96%

FANG:

28.20%

Max Drawdown

OVV:

-98.88%

FANG:

-88.72%

Current Drawdown

OVV:

-77.76%

FANG:

-25.29%

Fundamentals

Market Cap

OVV:

$10.35B

FANG:

$46.76B

EPS

OVV:

$7.43

FANG:

$17.33

PE Ratio

OVV:

5.25

FANG:

9.24

Total Revenue (TTM)

OVV:

$9.87B

FANG:

$9.57B

Gross Profit (TTM)

OVV:

$3.75B

FANG:

$6.02B

EBITDA (TTM)

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

YTD

-11.60%

1M

-16.80%

6M

-16.71%

1Y

-11.05%

5Y*

15.16%

10Y*

-3.76%

FANG

YTD

4.36%

1M

-14.61%

6M

-17.44%

1Y

3.57%

5Y*

17.01%

10Y*

12.21%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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.


Sharpe ratio
The chart of Sharpe ratio for OVV, currently valued at -0.35, compared to the broader market-4.00-2.000.002.00-0.350.14
The chart of Sortino ratio for OVV, currently valued at -0.30, compared to the broader market-4.00-2.000.002.004.00-0.300.39
The chart of Omega ratio for OVV, currently valued at 0.96, compared to the broader market0.501.001.502.000.961.05
The chart of Calmar ratio for OVV, currently valued at -0.17, compared to the broader market0.002.004.006.00-0.170.15
The chart of Martin ratio for OVV, currently valued at -0.61, compared to the broader market-5.000.005.0010.0015.0020.0025.00-0.610.42
OVV
FANG

The current OVV Sharpe Ratio is -0.35, which is lower than the FANG Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of OVV and FANG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
-0.35
0.14
OVV
FANG

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.


TTM20232022202120202019201820172016201520142013
OVV
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%
FANG
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.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-61.51%
-25.29%
OVV
FANG

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.


6.00%8.00%10.00%12.00%14.00%JulyAugustSeptemberOctoberNovemberDecember
7.47%
7.53%
OVV
FANG

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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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