XLE vs. DVN
Compare and contrast key facts about Energy Select Sector SPDR Fund (XLE) and Devon Energy Corporation (DVN).
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: XLE or DVN.
Correlation
The correlation between XLE and DVN is 0.43, 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.
Performance
XLE vs. DVN - Performance Comparison
Key characteristics
XLE:
-0.46
DVN:
-0.97
XLE:
-0.45
DVN:
-1.35
XLE:
0.93
DVN:
0.82
XLE:
-0.57
DVN:
-0.58
XLE:
-1.52
DVN:
-1.51
XLE:
7.53%
DVN:
25.44%
XLE:
25.08%
DVN:
39.55%
XLE:
-71.54%
DVN:
-94.93%
XLE:
-13.92%
DVN:
-60.79%
Returns By Period
In the year-to-date period, XLE achieves a -3.07% return, which is significantly higher than DVN's -3.53% return. Over the past 10 years, XLE has outperformed DVN with an annualized return of 4.00%, while DVN has yielded a comparatively lower -4.10% annualized return.
XLE
-3.07%
-10.86%
-6.73%
-11.11%
22.95%
4.00%
DVN
-3.53%
-14.72%
-18.91%
-38.57%
30.83%
-4.10%
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Risk-Adjusted Performance
XLE vs. DVN — Risk-Adjusted Performance Rank
XLE
DVN
XLE vs. DVN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Energy Select Sector SPDR Fund (XLE) 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.
Dividends
XLE vs. DVN - Dividend Comparison
XLE's dividend yield for the trailing twelve months is around 3.47%, less than DVN's 3.99% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLE Energy Select Sector SPDR Fund | 3.47% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% |
DVN Devon Energy Corporation | 3.99% | 4.43% | 6.34% | 8.41% | 4.47% | 4.30% | 1.35% | 1.33% | 0.58% | 0.92% | 3.00% | 1.54% |
Drawdowns
XLE vs. DVN - Drawdown Comparison
The maximum XLE drawdown since its inception was -71.54%, smaller than the maximum DVN drawdown of -94.93%. Use the drawdown chart below to compare losses from any high point for XLE and DVN. For additional features, visit the drawdowns tool.
Volatility
XLE vs. DVN - Volatility Comparison
The current volatility for Energy Select Sector SPDR Fund (XLE) is 17.44%, while Devon Energy Corporation (DVN) has a volatility of 28.72%. This indicates that XLE experiences smaller price fluctuations and is considered to be less risky than DVN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.