VOC vs. DVN

Last updated Apr 2, 2026

Compare and contrast key facts about VOC Energy Trust (VOC) and Devon Energy Corporation (DVN).

Performance

VOC vs. DVN - Performance Comparison

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

VOC vs. DVN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VOC VOC Energy Trust	25.96%	-35.74%	-24.87%	-23.37%	161.55%	138.08%	-47.61%	45.58%	-30.78%	108.09%
DVN Devon Energy Corporation	33.34%	15.03%	-25.21%	-23.08%	50.86%	199.88%	-35.34%	16.81%	-45.09%	-8.74%

Fundamentals

EPS VOC : $0.51 DVN : $4.18
PE Ratio VOC : 6.53 DVN : 11.61
PEG Ratio VOC : 0.12 DVN : 0.90
PS Ratio VOC : 5.73 DVN : 1.85
Total Revenue (TTM) VOC : $9.78M DVN : $16.61B
Gross Profit (TTM) VOC : $9.78M DVN : $3.77B
EBITDA (TTM) VOC : $16.90M DVN : $7.36B

Returns By Period

In the year-to-date period, VOC achieves a 25.96% return, which is significantly lower than DVN's 33.34% return. Over the past 10 years, VOC has outperformed DVN with an annualized return of 15.15%, while DVN has yielded a comparatively lower 10.05% annualized return.

VOC

• 1D: -4.62%
• 1M: -5.98%
• YTD: 25.96%
• 6M: 20.69%
• 1Y: 20.34%
• 3Y*: -17.00%
• 5Y*: 12.71%
• 10Y*: 15.15%

DVN

• 1D: -3.44%
• 1M: 8.66%
• YTD: 33.34%
• 6M: 39.18%
• 1Y: 32.68%
• 3Y*: 1.75%
• 5Y*: 21.55%
• 10Y*: 10.05%

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

Return for Risk

VOC vs. DVN — Risk / Return Rank

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

VOC

VOC Risk / Return Rank: 56
VOC Sharpe Ratio Rank: 56
VOC Sortino Ratio Rank: 53
VOC Omega Ratio Rank: 52
VOC Calmar Ratio Rank: 61
VOC Martin Ratio Rank: 59

DVN

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

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.

VOC vs. DVN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VOC Energy Trust (VOC) 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.

	VOC	DVN	Difference
Sharpe ratio Return per unit of total volatility	0.43	0.79	-0.35
Sortino ratio Return per unit of downside risk	0.99	1.28	-0.30
Omega ratio Gain probability vs. loss probability	1.12	1.18	-0.05
Calmar ratio Return relative to maximum drawdown	0.94	1.14	-0.19
Martin ratio Return relative to average drawdown	1.92	3.08	-1.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VOC vs. DVN - Sharpe Ratio Comparison

The current VOC Sharpe Ratio is 0.43, which is lower than the DVN Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of VOC and DVN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VOC	DVN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.43	0.79	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.52	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	0.20	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.22	-0.23

Correlation

The correlation between VOC and DVN is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

VOC vs. DVN - Dividend Comparison

VOC's dividend yield for the trailing twelve months is around 13.33%, more than DVN's 1.98% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VOC VOC Energy Trust	13.33%	16.11%	15.27%	12.43%	12.30%	10.87%	10.14%	15.01%	19.67%	8.36%	8.96%	19.11%
DVN Devon Energy Corporation	1.98%	2.62%	4.43%	4.55%	8.41%	5.24%	4.30%	1.35%	1.33%	0.58%	0.92%	3.00%

Drawdowns

VOC vs. DVN - Drawdown Comparison

The maximum VOC drawdown since its inception was -87.00%, smaller than the maximum DVN drawdown of -94.93%. Use the drawdown chart below to compare losses from any high point for VOC and DVN.

Drawdown Indicators

	VOC	DVN	Difference
Max Drawdown Largest peak-to-trough decline	-87.00%	-94.93%	+7.93%
Max Drawdown (1Y) Largest decline over 1 year	-21.62%	-29.32%	+7.70%
Max Drawdown (5Y) Largest decline over 5 years	-75.56%	-61.45%	-14.11%
Max Drawdown (10Y) Largest decline over 10 years	-78.42%	-88.51%	+10.09%
Current Drawdown Current decline from peak	-63.09%	-37.82%	-25.27%
Average Drawdown Average peak-to-trough decline	-47.84%	-35.91%	-11.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.57%	10.79%	-0.22%

Volatility

VOC vs. DVN - Volatility Comparison

VOC Energy Trust (VOC) has a higher volatility of 17.94% compared to Devon Energy Corporation (DVN) at 8.65%. This indicates that VOC'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

	VOC	DVN	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.94%	8.65%	+9.29%
Volatility (6M) Calculated over the trailing 6-month period	31.24%	22.52%	+8.72%
Volatility (1Y) Calculated over the trailing 1-year period	47.20%	41.79%	+5.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.22%	41.63%	+7.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.67%	49.76%	+4.91%

Financials

VOC vs. DVN - Profitability Comparison

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

VOC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, VOC Energy Trust reported a gross profit of 2.16M and revenue of 2.16M. Therefore, the gross margin over that period was 100.0%.

DVN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Devon Energy Corporation reported a gross profit of 792.00M and revenue of 3.94B. Therefore, the gross margin over that period was 20.1%.

VOC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, VOC Energy Trust reported an operating income of 1.87M and revenue of 2.16M, resulting in an operating margin of 86.7%.

DVN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Devon Energy Corporation reported an operating income of 657.00M and revenue of 3.94B, resulting in an operating margin of 16.7%.

VOC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, VOC Energy Trust reported a net income of 1.87M and revenue of 2.16M, resulting in a net margin of 86.7%.

DVN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Devon Energy Corporation reported a net income of 562.00M and revenue of 3.94B, resulting in a net margin of 14.3%.