DVN vs. XLE
Compare and contrast key facts about Devon Energy Corporation (DVN) and Energy Select Sector SPDR Fund (XLE).
XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DVN or XLE.
Key characteristics
| DVN | XLE | |
|---|---|---|
| YTD Return | 12.61% | 11.30% |
| 1Y Return | 10.25% | 22.61% |
| 3Y Return (Ann) | 37.46% | 27.22% |
| 5Y Return (Ann) | 16.06% | 12.96% |
| 10Y Return (Ann) | -0.01% | 3.73% |
| Sharpe Ratio | 0.31 | 1.14 |
| Daily Std Dev | 27.39% | 18.66% |
| Max Drawdown | -94.93% | -71.54% |
| Current Drawdown | -39.70% | -5.62% |
Correlation
The correlation between DVN and XLE is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DVN vs. XLE - Performance Comparison
In the year-to-date period, DVN achieves a 12.61% return, which is significantly higher than XLE's 11.30% return. Over the past 10 years, DVN has underperformed XLE with an annualized return of -0.01%, while XLE has yielded a comparatively higher 3.73% annualized 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. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Devon Energy Corporation (DVN) and Energy Select Sector SPDR Fund (XLE). 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. XLE - Dividend Comparison
DVN's dividend yield for the trailing twelve months is around 4.79%, more than XLE's 3.15% 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% |
XLE Energy Select Sector SPDR Fund | 3.15% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% | 1.73% |
Drawdowns
DVN vs. XLE - Drawdown Comparison
The maximum DVN drawdown since its inception was -94.93%, which is greater than XLE's maximum drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for DVN and XLE. For additional features, visit the drawdowns tool.
Volatility
DVN vs. XLE - Volatility Comparison
Devon Energy Corporation (DVN) has a higher volatility of 5.55% compared to Energy Select Sector SPDR Fund (XLE) at 4.68%. This indicates that DVN's price experiences larger fluctuations and is considered to be riskier than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.