XLF vs. DVN
XLF (State Street Financial Select Sector SPDR ETF) is Financials Equities fund tracking the Financial Select Sector Index, while DVN (Devon Energy Corporation) is a stock. Over the past 10 years, XLF returned 13.33%/yr vs 6.14%/yr for DVN. At a 0.37 correlation, their price movements are largely independent.
Performance
XLF vs. DVN - Performance Comparison
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Returns By Period
In the year-to-date period, XLF achieves a -2.11% return, which is significantly lower than DVN's 24.34% return. Over the past 10 years, XLF has outperformed DVN with an annualized return of 13.33%, while DVN has yielded a comparatively lower 6.14% annualized return.
XLF
- 1D
- 1.37%
- 1M
- 4.00%
- YTD
- -2.11%
- 6M
- -2.09%
- 1Y
- 8.41%
- 3Y*
- 18.86%
- 5Y*
- 9.15%
- 10Y*
- 13.33%
DVN
- 1D
- 1.57%
- 1M
- -3.39%
- YTD
- 24.34%
- 6M
- 22.17%
- 1Y
- 35.40%
- 3Y*
- -0.45%
- 5Y*
- 14.12%
- 10Y*
- 6.14%
XLF vs. DVN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLF State Street Financial Select Sector SPDR ETF | -2.11% | 14.90% | 30.56% | 12.03% | -10.59% | 34.80% | -1.74% | 31.88% | -13.06% | 22.00% |
DVN Devon Energy Corporation | 24.34% | 15.03% | -25.21% | -23.08% | 50.86% | 199.88% | -35.34% | 16.81% | -45.09% | -8.74% |
Correlation
The correlation between XLF and DVN is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 1998 | 0.37 |
The correlation between XLF and DVN shifts across timeframes, from -0.06 (1 year) to 0.43 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
XLF vs. DVN — Risk / Return Rank
XLF
DVN
XLF vs. DVN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Financial Select Sector SPDR ETF (XLF) 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.
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.
| XLF | DVN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.19 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 2.31 | -1.89 |
| Martin ratioReturn relative to average drawdown | 1.08 | 5.17 | -4.09 |
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Drawdowns
XLF vs. DVN - Drawdown Comparison
The maximum XLF drawdown since its inception was -82.69%, smaller than the maximum DVN drawdown of -94.93%. Use the drawdown chart below to compare losses from any high point for XLF and DVN.
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Drawdown Indicators
| XLF | DVN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.69% | -94.93% | +12.24% |
Max Drawdown (1Y)Largest decline over 1 year | -14.79% | -15.36% | +0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -15.54% | -49.22% | +33.68% |
Max Drawdown (5Y)Largest decline over 5 years | -25.81% | -61.45% | +35.64% |
Max Drawdown (10Y)Largest decline over 10 years | -42.86% | -88.51% | +45.65% |
Current DrawdownCurrent decline from peak | -4.94% | -42.02% | +37.08% |
Average DrawdownAverage peak-to-trough decline | -20.01% | -35.93% | +15.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.76% | 6.86% | -1.10% |
Volatility
XLF vs. DVN - Volatility Comparison
The current volatility for State Street Financial Select Sector SPDR ETF (XLF) is 4.23%, while Devon Energy Corporation (DVN) has a volatility of 12.66%. This indicates that XLF 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.
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Volatility by Period
| XLF | DVN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 12.66% | -8.43% |
Volatility (6M)Calculated over the trailing 6-month period | 11.26% | 26.63% | -15.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.69% | 34.17% | -19.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.66% | 41.13% | -22.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.17% | 49.62% | -27.45% |
Dividends
XLF vs. DVN - Dividend Comparison
XLF's dividend yield for the trailing twelve months is around 1.49%, less than DVN's 2.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVN Devon Energy Corporation | 1.59% | 2.62% | 4.43% | 4.55% | 8.41% | 5.24% | 4.30% | 1.35% | 1.33% | 0.58% | 0.92% | 3.00% |
XLF State Street Financial Select Sector SPDR ETF | 1.49% | 1.31% | 1.42% | 1.71% | 2.04% | 1.63% | 2.03% | 1.87% | 2.08% | 1.48% | 21.10% | 1.95% |
Frequently Asked Questions
XLF and DVN have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DVN has higher volatility (12.66%) compared to XLF (4.23%). In terms of maximum drawdown, XLF dropped -82.69% vs DVN's -94.93%.
DVN currently has the higher Sharpe Ratio (1.04 vs 0.42), 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.
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