DVN vs. COP

Last updated Apr 1, 2026

Compare and contrast key facts about Devon Energy Corporation (DVN) and ConocoPhillips Company (COP).

Performance

DVN vs. COP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Devon Energy Corporation (DVN) and ConocoPhillips Company (COP). The values are adjusted to include any dividend payments, if applicable.

DVN vs. COP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DVN Devon Energy Corporation	38.09%	15.03%	-25.21%	-23.08%	50.86%	199.88%	-35.34%	16.81%	-45.09%	-8.74%
COP ConocoPhillips Company	42.11%	-2.34%	-12.02%	1.98%	71.69%	86.60%	-36.04%	6.63%	15.63%	11.95%

Fundamentals

Market Cap DVN : $31.30B COP : $162.88B
EPS DVN : $4.18 COP : $6.39
PE Ratio DVN : 12.02 COP : 20.64
PEG Ratio DVN : 0.94 COP : 1.20
PS Ratio DVN : 1.91 COP : 2.76
PB Ratio DVN : 2.02 COP : 2.53
Total Revenue (TTM) DVN : $16.61B COP : $59.65B
Gross Profit (TTM) DVN : $3.77B COP : $17.61B
EBITDA (TTM) DVN : $7.36B COP : $25.38B

Returns By Period

In the year-to-date period, DVN achieves a 38.09% return, which is significantly lower than COP's 42.11% return. Over the past 10 years, DVN has underperformed COP with an annualized return of 10.43%, while COP has yielded a comparatively higher 16.28% annualized return.

DVN

• 1D: -2.33%
• 1M: 16.20%
• YTD: 38.09%
• 6M: 45.20%
• 1Y: 38.03%
• 3Y*: 2.94%
• 5Y*: 22.40%
• 10Y*: 10.43%

COP

• 1D: -0.67%
• 1M: 16.34%
• YTD: 42.11%
• 6M: 41.94%
• 1Y: 30.00%
• 3Y*: 13.58%
• 5Y*: 23.95%
• 10Y*: 16.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

DVN vs. COP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DVN

DVN Risk / Return Rank: 70
DVN Sharpe Ratio Rank: 74
DVN Sortino Ratio Rank: 67
DVN Omega Ratio Rank: 68
DVN Calmar Ratio Rank: 70
DVN Martin Ratio Rank: 72

COP

COP Risk / Return Rank: 68
COP Sharpe Ratio Rank: 72
COP Sortino Ratio Rank: 65
COP Omega Ratio Rank: 65
COP Calmar Ratio Rank: 72
COP Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DVN vs. COP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Devon Energy Corporation (DVN) and ConocoPhillips Company (COP). 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.

	DVN	COP	Difference
Sharpe ratio Return per unit of total volatility	0.92	0.88	+0.04
Sortino ratio Return per unit of downside risk	1.43	1.32	+0.11
Omega ratio Gain probability vs. loss probability	1.20	1.18	+0.02
Calmar ratio Return relative to maximum drawdown	1.38	1.51	-0.13
Martin ratio Return relative to average drawdown	3.75	2.91	+0.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DVN vs. COP - Sharpe Ratio Comparison

The current DVN Sharpe Ratio is 0.92, which is comparable to the COP Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of DVN and COP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DVN	COP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.92	0.88	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.74	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	0.43	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.23	-0.01

Correlation

The correlation between DVN and COP is 0.63, 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.

Dividends

DVN vs. COP - Dividend Comparison

DVN's dividend yield for the trailing twelve months is around 1.91%, less than COP's 2.45% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVN Devon Energy Corporation	1.91%	2.62%	4.43%	4.55%	8.41%	5.24%	4.30%	1.35%	1.33%	0.58%	0.92%	3.00%
COP ConocoPhillips Company	2.45%	3.40%	3.35%	3.37%	4.23%	2.70%	4.23%	2.05%	1.86%	1.93%	1.99%	6.30%

Drawdowns

DVN vs. COP - Drawdown Comparison

The maximum DVN drawdown since its inception was -94.93%, which is greater than COP's maximum drawdown of -84.55%. Use the drawdown chart below to compare losses from any high point for DVN and COP.

Drawdown Indicators

	DVN	COP	Difference
Max Drawdown Largest peak-to-trough decline	-94.93%	-84.55%	-10.38%
Max Drawdown (1Y) Largest decline over 1 year	-29.32%	-22.09%	-7.23%
Max Drawdown (5Y) Largest decline over 5 years	-61.45%	-36.19%	-25.26%
Max Drawdown (10Y) Largest decline over 10 years	-88.51%	-70.66%	-17.85%
Current Drawdown Current decline from peak	-35.61%	-1.35%	-34.26%
Average Drawdown Average peak-to-trough decline	-35.91%	-25.55%	-10.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.78%	11.45%	-0.67%

Volatility

DVN vs. COP - Volatility Comparison

Devon Energy Corporation (DVN) has a higher volatility of 8.08% compared to ConocoPhillips Company (COP) at 6.82%. This indicates that DVN's price experiences larger fluctuations and is considered to be riskier than COP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVN	COP	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.08%	6.82%	+1.26%
Volatility (6M) Calculated over the trailing 6-month period	22.26%	20.55%	+1.71%
Volatility (1Y) Calculated over the trailing 1-year period	41.67%	34.39%	+7.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.74%	32.78%	+8.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.76%	37.68%	+12.08%

Financials

DVN vs. COP - Profitability Comparison

The chart below illustrates the profitability comparison between Devon Energy Corporation and ConocoPhillips Company over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

DVN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Devon Energy Corporation reported a gross profit of 792.00M and revenue of 3.94B. Therefore, the gross margin over that period was 20.1%.

COP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, ConocoPhillips Company reported a gross profit of 5.64B and revenue of 14.19B. Therefore, the gross margin over that period was 39.8%.

DVN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Devon Energy Corporation reported an operating income of 657.00M and revenue of 3.94B, resulting in an operating margin of 16.7%.

COP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, ConocoPhillips Company reported an operating income of 2.44B and revenue of 14.19B, resulting in an operating margin of 17.2%.

DVN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Devon Energy Corporation reported a net income of 562.00M and revenue of 3.94B, resulting in a net margin of 14.3%.

COP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, ConocoPhillips Company reported a net income of 1.44B and revenue of 14.19B, resulting in a net margin of 10.2%.