XLRE vs. DVN
XLRE (Real Estate Select Sector SPDR Fund) is REIT fund tracking the Real Estate Select Sector Index, while DVN (Devon Energy Corporation) is a stock. Over the past 10 years, XLRE returned 7.15%/yr vs 6.14%/yr for DVN. At a 0.19 correlation, their price movements are largely independent.
Performance
XLRE vs. DVN - Performance Comparison
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Returns By Period
In the year-to-date period, XLRE achieves a 13.17% return, which is significantly lower than DVN's 24.34% return. Over the past 10 years, XLRE has outperformed DVN with an annualized return of 7.15%, while DVN has yielded a comparatively lower 6.14% annualized return.
XLRE
- 1D
- 0.98%
- 1M
- 3.30%
- YTD
- 13.17%
- 6M
- 13.29%
- 1Y
- 12.05%
- 3Y*
- 10.41%
- 5Y*
- 3.32%
- 10Y*
- 7.15%
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%
XLRE vs. DVN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLRE Real Estate Select Sector SPDR Fund | 13.17% | 2.63% | 5.09% | 12.36% | -26.25% | 46.10% | -2.18% | 28.68% | -2.39% | 10.69% |
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 XLRE and DVN is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2015 | 0.19 |
The correlation between XLRE and DVN shifts across timeframes, from -0.01 (1 year) to 0.19 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XLRE vs. DVN — Risk / Return Rank
XLRE
DVN
XLRE vs. DVN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Real Estate Select Sector SPDR Fund (XLRE) 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.
| XLRE | DVN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.19 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 2.31 | -0.97 |
| Martin ratioReturn relative to average drawdown | 3.69 | 5.17 | -1.48 |
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Drawdowns
XLRE vs. DVN - Drawdown Comparison
The maximum XLRE drawdown since its inception was -38.83%, smaller than the maximum DVN drawdown of -94.93%. Use the drawdown chart below to compare losses from any high point for XLRE and DVN.
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Drawdown Indicators
| XLRE | DVN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.83% | -94.93% | +56.10% |
Max Drawdown (1Y)Largest decline over 1 year | -8.33% | -15.36% | +7.03% |
Max Drawdown (3Y)Largest decline over 3 years | -16.74% | -49.22% | +32.48% |
Max Drawdown (5Y)Largest decline over 5 years | -34.12% | -61.45% | +27.33% |
Max Drawdown (10Y)Largest decline over 10 years | -38.83% | -88.51% | +49.68% |
Current DrawdownCurrent decline from peak | 0.00% | -42.02% | +42.02% |
Average DrawdownAverage peak-to-trough decline | -9.58% | -35.93% | +26.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 6.86% | -3.83% |
Volatility
XLRE vs. DVN - Volatility Comparison
The current volatility for Real Estate Select Sector SPDR Fund (XLRE) is 4.81%, while Devon Energy Corporation (DVN) has a volatility of 12.66%. This indicates that XLRE 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
| XLRE | DVN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 12.66% | -7.85% |
Volatility (6M)Calculated over the trailing 6-month period | 10.20% | 26.63% | -16.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 34.17% | -20.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.10% | 41.13% | -22.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.42% | 49.62% | -29.20% |
Dividends
XLRE vs. DVN - Dividend Comparison
XLRE's dividend yield for the trailing twelve months is around 3.08%, more 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% |
XLRE Real Estate Select Sector SPDR Fund | 3.08% | 3.45% | 3.43% | 3.31% | 3.70% | 2.61% | 3.15% | 3.06% | 3.78% | 3.25% | 4.22% | 1.09% |
Frequently Asked Questions
XLRE and DVN have a correlation of -0.01, 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 XLRE (4.81%). In terms of maximum drawdown, XLRE dropped -38.83% vs DVN's -94.93%.
DVN currently has the higher Sharpe Ratio (1.04 vs 0.81), 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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