DVN vs. USCI

Last updated Jul 11, 2026

DVN (Devon Energy Corporation) is a stock, while USCI (United States Commodity Index Fund) is Commodities fund tracking the SummerHaven Dynamic Commodity Index Total Return. Over the past 10 years, DVN returned 4.23%/yr vs 8.41%/yr for USCI. At a 0.47 correlation, their price movements are largely independent.

Performance

DVN vs. USCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Devon Energy Corporation (DVN) and United States Commodity Index Fund (USCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVN achieves a 16.71% return, which is significantly lower than USCI's 23.68% return. Over the past 10 years, DVN has underperformed USCI with an annualized return of 4.23%, while USCI has yielded a comparatively higher 8.41% annualized 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%

USCI

• 1D: -0.50%
• 1M: -0.05%
• 6M: 22.70%
• YTD: 23.68%
• 1Y: 28.10%
• 3Y*: 20.39%
• 5Y*: 19.25%
• 10Y*: 8.41%

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

DVN vs. USCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DVN Devon Energy Corporation	16.71%	15.03%	-25.21%	-23.08%	50.86%	199.88%	-35.34%	16.81%	-45.09%	-8.74%
USCI United States Commodity Index Fund	23.68%	17.63%	17.24%	-0.00%	29.47%	33.07%	-11.47%	-1.68%	-11.76%	6.32%

Correlation

The correlation between DVN and USCI is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Aug 10, 2010	0.47

The correlation between DVN and USCI has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.

Return for Risk

DVN vs. USCI — Risk / Return Rank

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

DVN

DVN Risk / Return Rank: 69
DVN Sharpe Ratio Rank: 72
DVN Sortino Ratio Rank: 66
DVN Omega Ratio Rank: 65
DVN Calmar Ratio Rank: 70
DVN Martin Ratio Rank: 73

USCI

USCI Risk / Return Rank: 65
USCI Sharpe Ratio Rank: 68
USCI Sortino Ratio Rank: 65
USCI Omega Ratio Rank: 62
USCI Calmar Ratio Rank: 67
USCI Martin Ratio Rank: 61

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. USCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Devon Energy Corporation (DVN) and United States Commodity Index Fund (USCI). 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	USCI	Difference
Sharpe ratio: Return per unit of total volatility	0.82	1.77	-0.94
Sortino ratio: Return per unit of downside risk	1.30	2.40	-1.10
Omega ratio: Gain probability vs. loss probability	1.16	1.30	-0.14
Calmar ratio: Return relative to maximum drawdown	1.25	2.67	-1.42
Martin ratio: Return relative to average drawdown	3.40	8.50	-5.10

DVN vs. USCI - Sharpe Ratio Comparison

The current DVN Sharpe Ratio is 0.82, which is lower than the USCI Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of DVN and USCI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DVN vs. USCI - Drawdown Comparison

The maximum DVN drawdown since its inception was -94.93%, which is greater than USCI's maximum drawdown of -66.41%. Use the drawdown chart below to compare losses from any high point for DVN and USCI.

Drawdown Indicators

	DVN	USCI	Difference
Max Drawdown Largest peak-to-trough decline	-94.93%	-66.41%	-28.52%
Max Drawdown (1Y) Largest decline over 1 year	-22.15%	-11.19%	-10.96%
Max Drawdown (3Y) Largest decline over 3 years	-49.22%	-12.01%	-37.21%
Max Drawdown (5Y) Largest decline over 5 years	-61.45%	-18.84%	-42.61%
Max Drawdown (10Y) Largest decline over 10 years	-88.51%	-45.82%	-42.69%
Current Drawdown Current decline from peak	-45.58%	-6.52%	-39.06%
Average Drawdown Average peak-to-trough decline	-35.95%	-29.37%	-6.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.15%	3.51%	+4.64%

Volatility

DVN vs. USCI - Volatility Comparison

Devon Energy Corporation (DVN) has a higher volatility of 11.41% compared to United States Commodity Index Fund (USCI) at 4.94%. This indicates that DVN's price experiences larger fluctuations and is considered to be riskier than USCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVN	USCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.41%	4.94%	+6.47%
Volatility (6M) Calculated over the trailing 6-month period	25.77%	14.42%	+11.35%
Volatility (1Y) Calculated over the trailing 1-year period	33.75%	16.91%	+16.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.87%	18.40%	+22.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.49%	15.88%	+33.61%

Dividends

DVN vs. USCI - Dividend Comparison

DVN's dividend yield for the trailing twelve months is around 2.46%, while USCI has not paid dividends to shareholders.

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%
USCI United States Commodity Index Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DVN and USCI in my portfolio?

DVN and USCI have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVN or USCI?

DVN has higher volatility (11.41%) compared to USCI (4.94%). In terms of maximum drawdown, DVN dropped -94.93% vs USCI's -66.41%.

Which has better risk-adjusted returns?

USCI currently has the higher Sharpe Ratio (1.77 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.