DX vs. D

Last updated Jun 9, 2026

DX (Dynex Capital, Inc.) and D (Dominion Energy, Inc.) are both stocks. DX operates in REIT - Mortgage (Real Estate), while D operates in Utilities - Diversified (Utilities). Over the past 10 years, DX returned 7.34%/yr vs 3.25%/yr for D. At a 0.16 correlation, their price movements are largely independent.

Performance

DX vs. D - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dynex Capital, Inc. (DX) and Dominion Energy, Inc. (D). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DX achieves a -2.00% return, which is significantly lower than D's 14.15% return. Over the past 10 years, DX has outperformed D with an annualized return of 7.34%, while D has yielded a comparatively lower 3.25% annualized return.

DX

• 1D: -1.09%
• 1M: -3.80%
• YTD: -2.00%
• 6M: -1.37%
• 1Y: 22.41%
• 3Y*: 17.30%
• 5Y*: 3.34%
• 10Y*: 7.34%

D

• 1D: -2.06%
• 1M: 6.92%
• YTD: 14.15%
• 6M: 14.44%
• 1Y: 22.67%
• 3Y*: 12.57%
• 5Y*: 1.37%
• 10Y*: 3.25%

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

DX vs. D - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DX Dynex Capital, Inc.	-2.00%	29.48%	13.64%	11.91%	-15.39%	2.25%	17.09%	11.12%	-8.46%	13.80%
D Dominion Energy, Inc.	14.15%	13.96%	20.43%	-19.13%	-19.12%	8.12%	-5.35%	21.50%	-7.59%	9.91%

Correlation

The correlation between DX and D is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jul 3, 1989	0.16

The correlation between DX and D shifts across timeframes, from 0.16 (all time) to 0.29 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS DX : $1.59 D : $3.67
PE Ratio DX : 8.00 D : 17.84
PS Ratio DX : 2.78 D : 2.41
Total Revenue (TTM) DX : $695.85M D : $17.45B
Gross Profit (TTM) DX : $695.85M D : $6.03B
EBITDA (TTM) DX : $900.29M D : $7.08B

Return for Risk

DX vs. D — Risk / Return Rank

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

DX

DX Risk / Return Rank: 73
DX Sharpe Ratio Rank: 79
DX Sortino Ratio Rank: 73
DX Omega Ratio Rank: 71
DX Calmar Ratio Rank: 70
DX Martin Ratio Rank: 75

D

D Risk / Return Rank: 75
D Sharpe Ratio Rank: 75
D Sortino Ratio Rank: 71
D Omega Ratio Rank: 69
D Calmar Ratio Rank: 78
D Martin Ratio Rank: 81

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.

DX vs. D - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dynex Capital, Inc. (DX) and Dominion Energy, Inc. (D). 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.

	DX	D	Difference
Sharpe ratio: Return per unit of total volatility	1.28	1.09	+0.19
Sortino ratio: Return per unit of downside risk	1.83	1.73	+0.10
Omega ratio: Gain probability vs. loss probability	1.23	1.21	+0.02
Calmar ratio: Return relative to maximum drawdown	1.47	2.33	-0.86
Martin ratio: Return relative to average drawdown	4.60	6.33	-1.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DX vs. D - Sharpe Ratio Comparison

The current DX Sharpe Ratio is 1.28, which is comparable to the D Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of DX and D, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DX	D	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.28	1.09	+0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.06	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	0.14	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.49	-0.32

Drawdowns

DX vs. D - Drawdown Comparison

The maximum DX drawdown since its inception was -99.12%, which is greater than D's maximum drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for DX and D.

Drawdown Indicators

	DX	D	Difference
Max Drawdown Largest peak-to-trough decline	-99.12%	-52.20%	-46.92%
Max Drawdown (1Y) Largest decline over 1 year	-15.27%	-9.77%	-5.50%
Max Drawdown (3Y) Largest decline over 3 years	-25.81%	-26.41%	+0.60%
Max Drawdown (5Y) Largest decline over 5 years	-38.63%	-52.20%	+13.57%
Max Drawdown (10Y) Largest decline over 10 years	-56.76%	-52.20%	-4.56%
Current Drawdown Current decline from peak	-32.93%	-9.67%	-23.26%
Average Drawdown Average peak-to-trough decline	-56.81%	-9.58%	-47.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.89%	3.59%	+1.30%

Volatility

DX vs. D - Volatility Comparison

The current volatility for Dynex Capital, Inc. (DX) is 4.62%, while Dominion Energy, Inc. (D) has a volatility of 11.14%. This indicates that DX experiences smaller price fluctuations and is considered to be less risky than D based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DX	D	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.62%	11.14%	-6.52%
Volatility (6M) Calculated over the trailing 6-month period	13.63%	16.66%	-3.03%
Volatility (1Y) Calculated over the trailing 1-year period	17.57%	20.90%	-3.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.87%	22.85%	+1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.89%	23.73%	+6.16%

Dividends

DX vs. D - Dividend Comparison

DX's dividend yield for the trailing twelve months is around 16.03%, more than D's 4.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
D Dominion Energy, Inc.	4.08%	4.56%	4.96%	5.68%	4.35%	3.21%	4.59%	4.43%	4.67%	3.74%	3.66%	3.83%
DX Dynex Capital, Inc.	16.03%	14.13%	11.46%	12.46%	12.26%	9.34%	9.33%	11.87%	12.59%	10.27%	12.32%	15.12%

Financials

DX vs. D - Profitability Comparison

The chart below illustrates the profitability comparison between Dynex Capital, Inc. and Dominion Energy, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

DX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dynex Capital, Inc. reported a gross profit of 257.39M and revenue of 257.39M. Therefore, the gross margin over that period was 100.0%.

D - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dominion Energy, Inc. reported a gross profit of 0.00 and revenue of 5.02B. Therefore, the gross margin over that period was 0.0%.

DX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dynex Capital, Inc. reported an operating income of 236.91M and revenue of 257.39M, resulting in an operating margin of 92.0%.

D - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dominion Energy, Inc. reported an operating income of 1.39B and revenue of 5.02B, resulting in an operating margin of 27.7%.

DX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dynex Capital, Inc. reported a net income of -80.36M and revenue of 257.39M, resulting in a net margin of -31.2%.

D - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dominion Energy, Inc. reported a net income of 690.00K and revenue of 5.02B, resulting in a net margin of 0.0%.

Frequently Asked Questions

Can I hold both DX and D in my portfolio?

DX and D have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DX or D?

D has higher volatility (11.14%) compared to DX (4.62%). In terms of maximum drawdown, DX dropped -99.12% vs D's -52.20%.

Which has better risk-adjusted returns?

DX currently has the higher Sharpe Ratio (1.28 vs 1.09), 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.