CVE vs DVN
Comparison between Cenovus Energy Inc (CVE, Company) and Devon Energy Corp (DVN, Company).
Both CVE and DVN are from the Energy sector.
5-Year PerformanceCVE has outperformed DVN, delivering a return of +33.1% compared to +17.1%
CVE vs DVN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
CVE vs DVN - Historical Returns
Returns include dividend reinvestment.
CVE vs DVN - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | CVE | DVN |
|---|---|---|
| 2026 | +65.88% | +17.81% |
| 2025 | +14.53% | +12.72% |
| 2024 | -5.45% | -26.10% |
| 2023 | -6.75% | -18.64% |
| 2022 | +56.46% | +46.03% |
| 2021 | +100.10% | +194.20% |
| 2020 | -39.41% | -34.82% |
| 2019 | +42.28% | +13.42% |
| 2018 | -26.42% | -46.16% |
| 2017 | -38.78% | -11.48% |
| 2016 | +23.43% | +43.30% |
| 2015 | -35.68% | -46.38% |
| 2014 | -23.99% | +1.53% |
| 2013 | -13.39% | +19.72% |
| 2012 | -0.11% | -20.23% |
| 2011 | +1.74% | -20.46% |
| 2010 | +28.53% | +3.49% |
| 2009 | +1.62% | +8.50% |
| 2008 | N/A | -27.84% |
| 2007 | N/A | +38.08% |
| 2006 | N/A | +4.47% |
| 2005 | N/A | +69.04% |
| 2004 | N/A | +36.74% |
| 2003 | N/A | +21.03% |
| 2002 | N/A | +20.66% |
| 2001 | N/A | -34.28% |
| 2000 | N/A | +89.00% |
| 1999 | N/A | -15.30% |
CVE vs DVN Drawdown Comparison
The maximum drawdown for CVE was -94.85%, occurring on Mar 18, 2020. Recovery took 3713 trading sessions.
The maximum drawdown for DVN was -94.93%, occurring on Mar 18, 2020. This drawdown has not yet recovered.
The current CVE drawdown is -9.13%. The current DVN drawdown is -43.12%.
| Rank | CVE | DVN |
|---|---|---|
| #1 | -94.85% Jul 22, 2011 - Apr 29, 2026 | -94.93% May 20, 2008 - Mar 18, 2020 |
| #2 | -22.95% May 19, 2026 - Jul 6, 2026 | -52.94% Mar 9, 2001 - Jun 23, 2004 |
| #3 | -18.93% Apr 14, 2010 - Oct 13, 2010 | -29.66% Sep 29, 2005 - Sep 5, 2006 |
| #4 | -16.58% Apr 8, 2011 - Jul 22, 2011 | -28.49% Jun 14, 2000 - Aug 23, 2000 |
| #5 | -12.97% Jan 4, 2010 - Apr 1, 2010 | -26.25% Nov 18, 1999 - Mar 7, 2000 |
| #6 | -10.99% Mar 2, 2011 - Apr 1, 2011 | -23.05% Oct 12, 2000 - Mar 8, 2001 |
| #7 | -9.62% Nov 27, 2009 - Jan 4, 2010 | -17.80% Sep 5, 2006 - Nov 29, 2006 |
| #8 | -7.42% Oct 13, 2010 - Nov 11, 2010 | -15.56% Apr 1, 2005 - Jun 20, 2005 |
| #9 | -6.73% May 5, 2026 - May 15, 2026 | -15.07% Oct 29, 2007 - Feb 11, 2008 |
| #10 | -6.40% Nov 11, 2010 - Dec 2, 2010 | -14.20% Dec 5, 2006 - Apr 10, 2007 |
| #11 | -5.81% Jan 4, 2011 - Jan 31, 2011 | -12.83% Jun 18, 2007 - Sep 19, 2007 |
| #12 | -3.73% Dec 6, 2010 - Dec 21, 2010 | -11.52% Nov 30, 2004 - Feb 1, 2005 |
| #13 | -3.53% Apr 5, 2010 - Apr 9, 2010 | -9.68% Apr 3, 2000 - May 5, 2000 |
| #14 | -2.66% Apr 1, 2011 - Apr 8, 2011 | -9.06% Feb 28, 2008 - Mar 26, 2008 |
| #15 | -1.50% Jan 31, 2011 - Feb 10, 2011 | -9.03% Apr 22, 2008 - May 16, 2008 |
Correlation
Correlation between CVE and DVN is 0.81 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (1999 - 2026)
CVE vs DVN dividend yield comparison.
| Year | CVE | DVN |
|---|---|---|
| 2026 | 1.06% | 1.27% |
| 2025 | 3.32% | 2.62% |
| 2024 | 3.92% | 4.43% |
| 2023 | 2.33% | 4.55% |
| 2022 | 1.81% | 8.41% |
| 2021 | 0.56% | 5.24% |
| 2020 | 0.75% | 4.30% |
| 2019 | 1.58% | 1.35% |
| 2018 | 2.34% | 1.33% |
| 2017 | 2.19% | 0.58% |
| 2016 | 1.32% | 0.92% |
| 2015 | 6.75% | 3.00% |
| 2014 | 5.16% | 1.54% |
| 2013 | 3.38% | 1.39% |
| 2012 | 2.62% | 1.54% |
| 2011 | 2.41% | 1.08% |
| 2010 | 2.41% | 0.82% |
| 2009 | 0.79% | 0.87% |
| 2008 | 0.00% | 0.97% |
| 2007 | 0.00% | 0.63% |
| 2006 | 0.00% | 0.67% |
| 2005 | 0.00% | 0.48% |
| 2004 | 0.00% | 0.51% |
| 2003 | 0.00% | 0.35% |
| 2002 | 0.00% | 0.44% |
| 2001 | 0.00% | 0.39% |
| 2000 | 0.00% | 0.33% |
| 1999 | 0.00% | 0.15% |
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