PARR vs. DVN

Last updated Jun 4, 2026

PARR (Par Pacific Holdings, Inc.) and DVN (Devon Energy Corporation) are both stocks. Both are in the Energy sector — PARR in Oil & Gas Refining & Marketing, DVN in Oil & Gas E&P. Over the past 10 years, PARR returned 14.04%/yr vs 6.25%/yr for DVN. At a 0.44 correlation, their price movements are largely independent.

Performance

PARR vs. DVN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Par Pacific Holdings, Inc. (PARR) and Devon Energy Corporation (DVN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PARR achieves a 62.75% return, which is significantly higher than DVN's 26.73% return. Over the past 10 years, PARR has outperformed DVN with an annualized return of 14.04%, while DVN has yielded a comparatively lower 6.25% annualized return.

PARR

• 1D: -0.02%
• 1M: -15.10%
• YTD: 62.75%
• 6M: 28.03%
• 1Y: 161.74%
• 3Y*: 36.80%
• 5Y*: 30.90%
• 10Y*: 14.04%

DVN

• 1D: -0.09%
• 1M: -9.91%
• YTD: 26.73%
• 6M: 23.96%
• 1Y: 48.00%
• 3Y*: 1.45%
• 5Y*: 13.05%
• 10Y*: 6.25%

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

PARR vs. DVN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PARR Par Pacific Holdings, Inc.	62.75%	114.40%	-54.94%	56.43%	40.99%	17.95%	-39.85%	63.89%	-26.45%	32.60%
DVN Devon Energy Corporation	26.73%	15.03%	-25.21%	-23.08%	50.86%	199.88%	-35.34%	16.81%	-45.09%	-8.74%

Correlation

The correlation between PARR and DVN is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Sep 6, 2012	0.44

The correlation between PARR and DVN shifts across timeframes, from 0.41 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS PARR : $11.90 DVN : $4.54
PE Ratio PARR : 4.80 DVN : 10.18
PEG Ratio PARR : 0.03 DVN : 0.78
PS Ratio PARR : 0.29 DVN : 1.79
Total Revenue (TTM) PARR : $7.54B DVN : $12.24B
Gross Profit (TTM) PARR : $1.47B DVN : $2.67B
EBITDA (TTM) PARR : $744.08M DVN : $5.67B

Return for Risk

PARR vs. DVN — Risk / Return Rank

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

PARR

PARR Risk / Return Rank: 91
PARR Sharpe Ratio Rank: 94
PARR Sortino Ratio Rank: 89
PARR Omega Ratio Rank: 87
PARR Calmar Ratio Rank: 94
PARR Martin Ratio Rank: 92

DVN

DVN Risk / Return Rank: 78
DVN Sharpe Ratio Rank: 80
DVN Sortino Ratio Rank: 75
DVN Omega Ratio Rank: 72
DVN Calmar Ratio Rank: 83
DVN 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.

PARR vs. DVN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Par Pacific Holdings, Inc. (PARR) and Devon Energy Corporation (DVN). 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.

	PARR	DVN	Difference
Sharpe ratio Return per unit of total volatility	2.92	1.44	+1.48
Sortino ratio Return per unit of downside risk	3.14	2.00	+1.13
Omega ratio Gain probability vs. loss probability	1.39	1.25	+0.14
Calmar ratio Return relative to maximum drawdown	6.21	3.16	+3.05
Martin ratio Return relative to average drawdown	14.37	7.42	+6.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PARR vs. DVN - Sharpe Ratio Comparison

The current PARR Sharpe Ratio is 2.92, which is higher than the DVN Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of PARR and DVN, 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

	PARR	DVN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.92	1.44	+1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.32	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	0.13	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.21	+0.33

Drawdowns

PARR vs. DVN - Drawdown Comparison

The maximum PARR drawdown since its inception was -78.51%, smaller than the maximum DVN drawdown of -94.93%. Use the drawdown chart below to compare losses from any high point for PARR and DVN.

Drawdown Indicators

	PARR	DVN	Difference
Max Drawdown Largest peak-to-trough decline	-78.51%	-94.93%	+16.42%
Max Drawdown (1Y) Largest decline over 1 year	-26.21%	-15.29%	-10.92%
Max Drawdown (3Y) Largest decline over 3 years	-69.71%	-49.22%	-20.49%
Max Drawdown (5Y) Largest decline over 5 years	-69.71%	-61.45%	-8.26%
Max Drawdown (10Y) Largest decline over 10 years	-76.37%	-88.51%	+12.14%
Current Drawdown Current decline from peak	-17.36%	-40.91%	+23.55%
Average Drawdown Average peak-to-trough decline	-31.00%	-35.93%	+4.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.31%	6.49%	+4.82%

Volatility

PARR vs. DVN - Volatility Comparison

Par Pacific Holdings, Inc. (PARR) has a higher volatility of 15.32% compared to Devon Energy Corporation (DVN) at 13.29%. This indicates that PARR's price experiences larger fluctuations and is considered to be riskier than DVN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PARR	DVN	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.32%	13.29%	+2.03%
Volatility (6M) Calculated over the trailing 6-month period	38.47%	25.38%	+13.09%
Volatility (1Y) Calculated over the trailing 1-year period	55.71%	33.49%	+22.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.73%	41.01%	+9.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.18%	49.64%	+2.54%

Dividends

PARR vs. DVN - Dividend Comparison

PARR has not paid dividends to shareholders, while DVN's dividend yield for the trailing twelve months is around 2.08%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVN Devon Energy Corporation	2.08%	2.62%	4.43%	4.55%	8.41%	5.24%	4.30%	1.35%	1.33%	0.58%	0.92%	3.00%
PARR Par Pacific Holdings, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

PARR vs. DVN - Profitability Comparison

The chart below illustrates the profitability comparison between Par Pacific Holdings, Inc. and Devon Energy Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PARR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Par Pacific Holdings, Inc. reported a gross profit of 265.25M and revenue of 1.82B. Therefore, the gross margin over that period was 14.5%.

DVN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Devon Energy Corporation reported a gross profit of 0.00 and revenue of 3.81M. Therefore, the gross margin over that period was 0.0%.

PARR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Par Pacific Holdings, Inc. reported an operating income of 65.32M and revenue of 1.82B, resulting in an operating margin of 3.6%.

DVN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Devon Energy Corporation reported an operating income of 0.00 and revenue of 3.81M, resulting in an operating margin of 0.0%.

PARR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Par Pacific Holdings, Inc. reported a net income of 54.45M and revenue of 1.82B, resulting in a net margin of 3.0%.

DVN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Devon Energy Corporation reported a net income of 120.00K and revenue of 3.81M, resulting in a net margin of 3.2%.

Frequently Asked Questions

Can I hold both PARR and DVN in my portfolio?

PARR and DVN have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PARR or DVN?

PARR has higher volatility (15.32%) compared to DVN (13.29%). In terms of maximum drawdown, PARR dropped -78.51% vs DVN's -94.93%.

Which has better risk-adjusted returns?

PARR currently has the higher Sharpe Ratio (2.92 vs 1.44), 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.