DVN vs. PFIX
Compare and contrast key facts about Devon Energy Corporation (DVN) and Simplify Interest Rate Hedge ETF (PFIX).
PFIX is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 10, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DVN or PFIX.
Key characteristics
| DVN | PFIX | |
|---|---|---|
| YTD Return | 12.61% | 29.10% |
| 1Y Return | 10.25% | 39.12% |
| Sharpe Ratio | 0.31 | 1.05 |
| Daily Std Dev | 27.39% | 39.96% |
| Max Drawdown | -94.93% | -39.17% |
| Current Drawdown | -39.70% | -18.93% |
Correlation
The correlation between DVN and PFIX is 0.04, 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.
Performance
DVN vs. PFIX - Performance Comparison
In the year-to-date period, DVN achieves a 12.61% return, which is significantly lower than PFIX's 29.10% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
DVN vs. PFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Devon Energy Corporation (DVN) and Simplify Interest Rate Hedge ETF (PFIX). 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.
Dividends
DVN vs. PFIX - Dividend Comparison
DVN's dividend yield for the trailing twelve months is around 4.79%, less than PFIX's 63.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVN Devon Energy Corporation | 4.79% | 6.34% | 8.41% | 3.47% | 4.30% | 1.35% | 1.29% | 0.63% | 0.85% | 3.00% | 1.54% | 1.39% |
PFIX Simplify Interest Rate Hedge ETF | 63.61% | 80.99% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DVN vs. PFIX - Drawdown Comparison
The maximum DVN drawdown since its inception was -94.93%, which is greater than PFIX's maximum drawdown of -39.17%. Use the drawdown chart below to compare losses from any high point for DVN and PFIX. For additional features, visit the drawdowns tool.
Volatility
DVN vs. PFIX - Volatility Comparison
The current volatility for Devon Energy Corporation (DVN) is 5.55%, while Simplify Interest Rate Hedge ETF (PFIX) has a volatility of 13.56%. This indicates that DVN experiences smaller price fluctuations and is considered to be less risky than PFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.