Correlation
The correlation between OVV and FANG is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
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.
Performance
OVV vs. FANG - Performance Comparison
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Key characteristics
OVV:
-0.60
FANG:
-0.76
OVV:
-0.54
FANG:
-0.91
OVV:
0.93
FANG:
0.88
OVV:
-0.31
FANG:
-0.71
OVV:
-1.29
FANG:
-1.48
OVV:
19.37%
FANG:
20.16%
OVV:
45.06%
FANG:
39.15%
OVV:
-98.88%
FANG:
-88.72%
OVV:
-78.75%
FANG:
-34.21%
Fundamentals
OVV:
$9.49B
FANG:
$40.26B
OVV:
$2.36
FANG:
$15.70
OVV:
15.48
FANG:
8.57
OVV:
1.06
FANG:
3.28
OVV:
0.94
FANG:
1.05
OVV:
$9.10B
FANG:
$12.86B
OVV:
$4.42B
FANG:
$6.94B
OVV:
$3.32B
FANG:
$8.96B
Returns By Period
In the year-to-date period, OVV achieves a -10.86% return, which is significantly higher than FANG's -16.72% return. Over the past 10 years, OVV has underperformed FANG with an annualized return of -3.39%, while FANG has yielded a comparatively higher 8.06% annualized return.
OVV
-10.86%
6.67%
-19.94%
-26.70%
-11.59%
39.48%
-3.39%
FANG
-16.72%
0.49%
-23.17%
-30.36%
0.88%
31.47%
8.06%
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Risk-Adjusted Performance
OVV vs. FANG — Risk-Adjusted Performance Rank
OVV
FANG
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.
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Dividends
OVV vs. FANG - Dividend Comparison
OVV's dividend yield for the trailing twelve months is around 3.35%, less than FANG's 3.89% 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% |
FANG Diamondback Energy, Inc. | 3.89% | 5.06% | 5.15% | 6.55% | 1.62% | 3.10% | 0.74% | 0.40% | 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.
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Volatility
OVV vs. FANG - Volatility Comparison
Ovintiv Inc. (OVV) has a higher volatility of 11.26% compared to Diamondback Energy, Inc. (FANG) at 9.09%. This indicates that OVV's price experiences larger fluctuations and is considered to be riskier than FANG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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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 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%.
FANG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, Diamondback Energy, Inc. reported a gross profit of 1.81B and revenue of 4.03B. Therefore, the gross margin over that period was 45.0%.
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%.
FANG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, Diamondback Energy, Inc. reported an operating income of 1.67B and revenue of 4.03B, resulting in an operating margin of 41.5%.
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%.
FANG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, Diamondback Energy, Inc. reported a net income of 1.41B and revenue of 4.03B, resulting in a net margin of 34.9%.