DVN vs. NEE
DVN (Devon Energy Corporation) and NEE (NextEra Energy, Inc.) are both stocks. DVN operates in Oil & Gas E&P (Energy), while NEE operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, DVN returned 6.14%/yr vs 13.51%/yr for NEE. At a 0.20 correlation, their price movements are largely independent.
Performance
DVN vs. NEE - Performance Comparison
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Returns By Period
In the year-to-date period, DVN achieves a 24.34% return, which is significantly higher than NEE's 8.63% return. Over the past 10 years, DVN has underperformed NEE with an annualized return of 6.14%, while NEE has yielded a comparatively higher 13.51% annualized return.
DVN
- 1D
- 1.57%
- 1M
- -3.39%
- YTD
- 24.34%
- 6M
- 22.17%
- 1Y
- 35.40%
- 3Y*
- -0.45%
- 5Y*
- 14.12%
- 10Y*
- 6.14%
NEE
- 1D
- 1.36%
- 1M
- -9.47%
- YTD
- 8.63%
- 6M
- 6.81%
- 1Y
- 18.32%
- 3Y*
- 8.11%
- 5Y*
- 5.94%
- 10Y*
- 13.51%
DVN vs. NEE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DVN Devon Energy Corporation | 24.34% | 15.03% | -25.21% | -23.08% | 50.86% | 199.88% | -35.34% | 16.81% | -45.09% | -8.74% |
NEE NextEra Energy, Inc. | 8.63% | 15.47% | 21.46% | -25.30% | -8.54% | 23.39% | 30.06% | 42.69% | 14.30% | 34.39% |
Correlation
The correlation between DVN and NEE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 10, 2003 | 0.20 |
The correlation between DVN and NEE shifts across timeframes, from 0.07 (10 years) to 0.20 (all time), reflecting how their relationship changes across market environments.
Fundamentals
DVN:
$4.54
NEE:
$5.27
DVN:
9.99
NEE:
16.32
DVN:
0.77
NEE:
0.83
DVN:
1.75
NEE:
4.78
DVN:
$12.24B
NEE:
$27.93B
DVN:
$2.67B
NEE:
$13.35B
DVN:
$5.67B
NEE:
$14.56B
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Return for Risk
DVN vs. NEE — Risk / Return Rank
DVN
NEE
DVN vs. NEE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Devon Energy Corporation (DVN) and NextEra Energy, Inc. (NEE). 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 | NEE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.17 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 1.37 | +0.94 |
| Martin ratioReturn relative to average drawdown | 5.17 | 3.78 | +1.39 |
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Drawdowns
DVN vs. NEE - Drawdown Comparison
The maximum DVN drawdown since its inception was -94.93%, which is greater than NEE's maximum drawdown of -47.81%. Use the drawdown chart below to compare losses from any high point for DVN and NEE.
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Drawdown Indicators
| DVN | NEE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.93% | -47.81% | -47.12% |
Max Drawdown (1Y)Largest decline over 1 year | -15.36% | -14.53% | -0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -49.22% | -34.57% | -14.65% |
Max Drawdown (5Y)Largest decline over 5 years | -61.45% | -44.97% | -16.48% |
Max Drawdown (10Y)Largest decline over 10 years | -88.51% | -44.97% | -43.54% |
Current DrawdownCurrent decline from peak | -42.02% | -11.50% | -30.52% |
Average DrawdownAverage peak-to-trough decline | -35.93% | -8.93% | -27.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.86% | 5.25% | +1.61% |
Volatility
DVN vs. NEE - Volatility Comparison
Devon Energy Corporation (DVN) has a higher volatility of 12.66% compared to NextEra Energy, Inc. (NEE) at 8.52%. This indicates that DVN's price experiences larger fluctuations and is considered to be riskier than NEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DVN | NEE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.66% | 8.52% | +4.14% |
Volatility (6M)Calculated over the trailing 6-month period | 26.63% | 16.75% | +9.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.17% | 23.78% | +10.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.13% | 26.91% | +14.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.62% | 25.49% | +24.13% |
Dividends
DVN vs. NEE - Dividend Comparison
DVN's dividend yield for the trailing twelve months is around 2.12%, less than NEE's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVN Devon Energy Corporation | 1.59% | 2.62% | 4.43% | 4.55% | 8.41% | 5.24% | 4.30% | 1.35% | 1.33% | 0.58% | 0.92% | 3.00% |
NEE NextEra Energy, Inc. | 2.77% | 2.82% | 2.87% | 3.08% | 2.03% | 1.65% | 1.81% | 2.06% | 2.55% | 2.52% | 2.91% | 2.96% |
Financials
DVN vs. NEE - Financials Comparison
This section allows you to compare key financial metrics between Devon Energy Corporation and NextEra 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
DVN vs. NEE - Profitability Comparison
DVN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Devon Energy Corporation reported a gross profit of 0.00 and revenue of 3.81M. Therefore, the gross margin over that period was 0.0%.
NEE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NextEra Energy, Inc. reported a gross profit of 0.00 and revenue of 6.70B. Therefore, the gross margin over that period was 0.0%.
DVN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Devon Energy Corporation reported an operating income of 0.00 and revenue of 3.81M, resulting in an operating margin of 0.0%.
NEE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NextEra Energy, Inc. reported an operating income of 2.21B and revenue of 6.70B, resulting in an operating margin of 33.0%.
DVN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Devon Energy Corporation reported a net income of 120.00K and revenue of 3.81M, resulting in a net margin of 3.2%.
NEE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NextEra Energy, Inc. reported a net income of 2.18B and revenue of 6.70B, resulting in a net margin of 32.6%.
Frequently Asked Questions
DVN and NEE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DVN has higher volatility (12.66%) compared to NEE (8.52%). In terms of maximum drawdown, DVN dropped -94.93% vs NEE's -47.81%.
DVN currently has the higher Sharpe Ratio (1.04 vs 0.84), 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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