DVN vs. XOP
DVN (Devon Energy Corporation) is a stock, while XOP (SPDR S&P Oil & Gas Exploration & Production ETF) is Energy Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry. Over the past 10 years, DVN returned 4.23%/yr vs 2.97%/yr for XOP. Their correlation of 0.86 suggests significant overlap in exposure.
Performance
DVN vs. XOP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DVN achieves a 16.71% return, which is significantly lower than XOP's 26.71% return. Over the past 10 years, DVN has outperformed XOP with an annualized return of 4.23%, while XOP has yielded a comparatively lower 2.97% 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%
XOP
- 1D
- -0.56%
- 1M
- -2.49%
- 6M
- 25.57%
- YTD
- 26.71%
- 1Y
- 21.93%
- 3Y*
- 8.56%
- 5Y*
- 13.75%
- 10Y*
- 2.97%
DVN vs. XOP - 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% |
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 26.71% | -2.15% | -1.00% | 3.56% | 45.37% | 66.74% | -36.40% | -9.44% | -28.10% | -9.47% |
Correlation
The correlation between DVN and XOP is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2006 | 0.86 |
The correlation between DVN and XOP has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DVN vs. XOP — Risk / Return Rank
DVN
XOP
DVN vs. XOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Devon Energy Corporation (DVN) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP). 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 | XOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.15 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.23 | +0.02 |
| Martin ratioReturn relative to average drawdown | 3.40 | 3.01 | +0.39 |
Loading charts...
Drawdowns
DVN vs. XOP - Drawdown Comparison
The maximum DVN drawdown since its inception was -94.93%, which is greater than XOP's maximum drawdown of -90.27%. Use the drawdown chart below to compare losses from any high point for DVN and XOP.
Loading charts...
Drawdown Indicators
| DVN | XOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.93% | -90.27% | -4.66% |
Max Drawdown (1Y)Largest decline over 1 year | -22.15% | -18.50% | -3.65% |
Max Drawdown (3Y)Largest decline over 3 years | -49.22% | -34.98% | -14.24% |
Max Drawdown (5Y)Largest decline over 5 years | -61.45% | -34.98% | -26.47% |
Max Drawdown (10Y)Largest decline over 10 years | -88.51% | -82.61% | -5.90% |
Current DrawdownCurrent decline from peak | -45.58% | -40.77% | -4.81% |
Average DrawdownAverage peak-to-trough decline | -35.95% | -42.57% | +6.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.15% | 7.54% | +0.61% |
Volatility
DVN vs. XOP - Volatility Comparison
Devon Energy Corporation (DVN) has a higher volatility of 11.41% compared to SPDR S&P Oil & Gas Exploration & Production ETF (XOP) at 7.88%. This indicates that DVN's price experiences larger fluctuations and is considered to be riskier than XOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DVN | XOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.41% | 7.88% | +3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 25.77% | 22.07% | +3.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.75% | 28.03% | +5.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.87% | 33.73% | +7.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.49% | 40.17% | +9.32% |
Dividends
DVN vs. XOP - Dividend Comparison
DVN's dividend yield for the trailing twelve months is around 2.46%, more than XOP's 2.05% 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% |
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 2.05% | 2.62% | 2.45% | 2.63% | 2.47% | 1.61% | 2.34% | 1.47% | 0.99% | 0.76% | 0.76% | 2.21% |
Frequently Asked Questions
DVN and XOP have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DVN has higher volatility (11.41%) compared to XOP (7.88%). In terms of maximum drawdown, DVN dropped -94.93% vs XOP's -90.27%.
DVN currently has the higher Sharpe Ratio (0.82 vs 0.81), 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.
Find the right allocation for DVN and XOP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer