OVV vs. FANG
OVV (Ovintiv Inc.) and FANG (Diamondback Energy, Inc.) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. Over the past 10 years, OVV returned 7.15%/yr vs 11.95%/yr for FANG. Their 0.69 correlation means they have sometimes moved together and sometimes differently.
Performance
OVV vs. FANG - Performance Comparison
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Returns By Period
In the year-to-date period, OVV achieves a 61.09% return, which is significantly higher than FANG's 36.56% return. Over the past 10 years, OVV has underperformed FANG with an annualized return of 7.15%, while FANG has yielded a comparatively higher 11.95% annualized return.
OVV
- 1D
- 1.36%
- 1M
- 17.94%
- 6M
- 45.23%
- YTD
- 61.09%
- 1Y
- 62.52%
- 3Y*
- 13.08%
- 5Y*
- 22.46%
- 10Y*
- 7.15%
- ALL TIME*
- 3.90%
FANG
- 1D
- 1.59%
- 1M
- 17.97%
- 6M
- 25.21%
- YTD
- 36.56%
- 1Y
- 42.46%
- 3Y*
- 15.28%
- 5Y*
- 26.60%
- 10Y*
- 11.95%
- ALL TIME*
- 21.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $369.57M | $368.14M | $455.33M | |
OVV Ovintiv Inc. | $237.36M | $193.19M | $204.99M |
OVV vs. FANG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OVV Ovintiv Inc. | 61.09% | -0.30% | -5.23% | -10.93% | 53.29% | 138.31% | -34.91% | -17.62% | -56.37% | 14.20% |
FANG Diamondback Energy, Inc. | 36.56% | -5.64% | 10.35% | 19.66% | 35.34% | 127.51% | -46.00% | 0.92% | -26.35% | 24.93% |
Correlation
The correlation between OVV and FANG is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2012 | 0.69 |
The correlation between OVV and FANG shifts across timeframes, from 0.69 (all time) to 0.84 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
OVV:
$17.28B
FANG:
$57.09B
OVV:
$3.45
FANG:
$1.41
OVV:
18.13
FANG:
144.08
OVV:
1.73
FANG:
3.82
OVV:
1.53
FANG:
1.57
OVV:
$9.64B
FANG:
$15.19B
OVV:
$5.79B
FANG:
$7.30B
OVV:
$2.73B
FANG:
$5.54B
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Return for Risk
OVV vs. FANG — Risk / Return Rank
OVV
FANG
OVV vs. FANG - Risk-Adjusted Trends 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.
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 | FANG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.22 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 2.11 | +1.15 |
| Martin ratioReturn relative to average drawdown | 6.84 | 6.23 | +0.60 |
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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.
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Drawdown Indicators
| OVV | FANG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.88% | -88.72% | -10.16% |
Max Drawdown (1Y)Largest decline over 1 year | -17.16% | -19.09% | +1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -42.21% | -42.10% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -47.13% | -42.10% | -5.03% |
Max Drawdown (10Y)Largest decline over 10 years | -96.82% | -88.72% | -8.10% |
Current DrawdownCurrent decline from peak | -61.97% | -4.50% | -57.47% |
Average DrawdownAverage peak-to-trough decline | -52.13% | -19.29% | -32.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.21% | 6.47% | +1.74% |
Volatility
OVV vs. FANG - Volatility Comparison
The current volatility for Ovintiv Inc. (OVV) is 9.26%, while Diamondback Energy, Inc. (FANG) has a volatility of 10.65%. This indicates that OVV experiences smaller price fluctuations and is considered to be less risky than FANG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OVV | FANG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.26% | 10.65% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 26.45% | 24.08% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.71% | 31.58% | +4.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.36% | 37.37% | +7.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.81% | 49.07% | +10.74% |
Dividends
OVV vs. FANG - Dividend Comparison
OVV's dividend yield for the trailing twelve months is around 1.92%, less than FANG's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FANG Diamondback Energy, Inc. | 2.04% | 2.66% | 5.06% | 5.15% | 6.55% | 1.62% | 3.10% | 0.74% | 0.40% | 0.00% | 0.00% | 0.00% |
OVV Ovintiv Inc. | 1.92% | 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. 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
OVV vs. FANG - Profitability Comparison
OVV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Ovintiv Inc. reported a gross profit of 2.83B and revenue of 3.01B. Therefore, the gross margin over that period was 93.9%.
FANG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Diamondback Energy, Inc. reported a gross profit of 3.85B and revenue of 4.24B. Therefore, the gross margin over that period was 90.9%.
OVV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Ovintiv Inc. reported an operating income of 994.00M and revenue of 3.01B, resulting in an operating margin of 33.0%.
FANG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Diamondback Energy, Inc. reported an operating income of 30.00M and revenue of 4.24B, resulting in an operating margin of 0.7%.
OVV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Ovintiv Inc. reported a net income of 456.00M and revenue of 3.01B, resulting in a net margin of 15.1%.
FANG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Diamondback Energy, Inc. reported a net income of 144.00M and revenue of 4.24B, resulting in a net margin of 3.4%.
Frequently Asked Questions
OVV and FANG have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FANG has higher volatility (10.65%) compared to OVV (9.26%). In terms of maximum drawdown, OVV dropped -98.88% vs FANG's -88.72%.
OVV currently has the higher Sharpe Ratio (1.57 vs 1.28), 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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