DVN vs. EMEQ
DVN (Devon Energy Corporation) is a stock, while EMEQ (Nomura Focused Emerging Markets Equity ETF) is Emerging Markets Diversified fund actively managed by Nomura. Over the past year, DVN returned 27.54% vs 127.62% for EMEQ. At a 0.05 correlation, their price movements are largely independent.
Performance
DVN vs. EMEQ - Performance Comparison
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Returns By Period
In the year-to-date period, DVN achieves a 16.71% return, which is significantly lower than EMEQ's 70.04% return.
DVN
- 1D
- 0.50%
- 1M
- -4.66%
- 6M
- 19.55%
- YTD
- 16.71%
- 1Y
- 27.54%
- 3Y*
- -2.77%
- 5Y*
- 13.19%
- 10Y*
- 4.23%
EMEQ
- 1D
- 0.10%
- 1M
- 0.76%
- 6M
- 58.06%
- YTD
- 70.04%
- 1Y
- 127.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DVN vs. EMEQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DVN Devon Energy Corporation | 16.71% | 15.03% | -21.14% |
EMEQ Nomura Focused Emerging Markets Equity ETF | 70.04% | 69.78% | -0.73% |
Correlation
The correlation between DVN and EMEQ is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | 0.05 |
The correlation between DVN and EMEQ shifts across timeframes, from -0.09 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DVN vs. EMEQ — Risk / Return Rank
DVN
EMEQ
DVN vs. EMEQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Devon Energy Corporation (DVN) and Nomura Focused Emerging Markets Equity ETF (EMEQ). 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.
| DVN | EMEQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.45 | ||
| Sortino ratioReturn per unit of downside risk | -2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.51 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 6.98 | -5.73 |
| Martin ratioReturn relative to average drawdown | 3.40 | 23.27 | -19.88 |
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Drawdowns
DVN vs. EMEQ - Drawdown Comparison
The maximum DVN drawdown since its inception was -94.93%, which is greater than EMEQ's maximum drawdown of -19.99%. Use the drawdown chart below to compare losses from any high point for DVN and EMEQ.
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Drawdown Indicators
| DVN | EMEQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.93% | -19.99% | -74.94% |
Max Drawdown (1Y)Largest decline over 1 year | -22.15% | -17.91% | -4.24% |
Max Drawdown (3Y)Largest decline over 3 years | -49.22% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -61.45% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -88.51% | — | — |
Current DrawdownCurrent decline from peak | -45.58% | -12.48% | -33.10% |
Average DrawdownAverage peak-to-trough decline | -35.95% | -4.19% | -31.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.15% | 5.36% | +2.79% |
Volatility
DVN vs. EMEQ - Volatility Comparison
The current volatility for Devon Energy Corporation (DVN) is 11.41%, while Nomura Focused Emerging Markets Equity ETF (EMEQ) has a volatility of 18.22%. This indicates that DVN experiences smaller price fluctuations and is considered to be less risky than EMEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DVN | EMEQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.41% | 18.22% | -6.81% |
Volatility (6M)Calculated over the trailing 6-month period | 25.77% | 35.48% | -9.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.75% | 38.20% | -4.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.87% | 33.24% | +7.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.49% | 33.24% | +16.25% |
Dividends
DVN vs. EMEQ - Dividend Comparison
DVN's dividend yield for the trailing twelve months is around 2.46%, more than EMEQ's 1.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVN Devon Energy Corporation | 2.46% | 2.62% | 4.43% | 4.55% | 8.41% | 5.24% | 4.30% | 1.35% | 1.33% | 0.58% | 0.92% | 3.00% |
EMEQ Nomura Focused Emerging Markets Equity ETF | 1.62% | 2.76% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DVN and EMEQ have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMEQ has higher volatility (18.22%) compared to DVN (11.41%). In terms of maximum drawdown, DVN dropped -94.93% vs EMEQ's -19.99%.
EMEQ currently has the higher Sharpe Ratio (3.27 vs 0.82), 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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