Seasonality
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DVN - Average growth of $100 invested at start of year
5 years of data
Apr is the seasonally strongest month over 5Y.
Apr averages +11.0% with a 71% win rate across 5 years of history.
Sep shows persistent seasonal weakness.
Sep averages -3.7% with only a 17% win rate across 5 years of history.
Q4 (Oct–Nov–Dec) is the seasonally strongest quarter.
The three months of Q4 combine for a +14.2% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +5.5% historically, with January alone posting a 83% win rate.
2026 YTD is tracking below the 5Y seasonal average.
At day 155 of the year, the current YTD return is -8.1% vs the historical average for the same point.
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.77% | 8.26% | 16.20% | 2.09% | -13.39% | -6.46% | 9.22% | 1.60% | ||||
| 2025 | 4.19% | 6.22% | 4.00% | -18.69% | -0.49% | 5.86% | 4.43% | 8.67% | -2.21% | -7.33% | 14.07% | -0.52% |
| 2024 | -7.24% | 4.85% | 14.96% | 1.99% | -4.10% | -2.68% | -0.78% | -4.78% | -11.67% | -1.12% | -1.89% | -13.20% |
| 2023 | 2.81% | -14.74% | -4.44% | 5.57% | -13.72% | 6.38% | 11.71% | -5.39% | -5.72% | -2.37% | -3.44% | 2.52% |
| 2022 | 14.80% | 17.76% | 0.96% | -1.62% | 28.76% | -25.20% | 14.04% | 12.36% | -12.89% | 28.64% | -11.42% | -8.28% |
| 2021 | 4.11% | 30.86% | 2.69% | 7.00% | 13.60% | 11.19% | -11.48% | 14.36% | 22.28% | 12.87% | 4.94% | 6.73% |
| 2020 | -25.23% | -56.99% | 80.46% | -13.31% | 5.86% | -7.50% | 5.82% | -11.88% | -5.60% | 56.66% | 13.81% | |
| Avg | 4.74% | 4.00% | -3.23% | 10.97% | -0.38% | -0.72% | 2.81% | 5.17% | -3.68% | 4.18% | 9.82% | 0.18% |
DVN - Average returns for the respective month in the last 5 years
DVN Distribution of Daily Returns from 2021 to 2026
DVN Distribution of Daily % Changes