ASWC.DE vs. CVX
ASWC.DE (HANetf Future of Defence UCITS ETF Acc EUR) is Aerospace & Defense fund tracking the EQM Future of Defence Index, while CVX (Chevron Corporation) is a stock. Over the past year, ASWC.DE returned 18.25% vs 34.79% for CVX. At a 0.09 correlation, their price movements are largely independent.
Performance
ASWC.DE vs. CVX - Performance Comparison
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Different Trading Currencies
ASWC.DE is traded in EUR, while CVX is traded in USD. To make them comparable, the CVX values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ASWC.DE achieves a 13.04% return, which is significantly lower than CVX's 27.10% return.
ASWC.DE
- 1D
- -0.80%
- 1M
- 8.50%
- YTD
- 13.04%
- 6M
- 13.30%
- 1Y
- 18.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CVX
- 1D
- 0.84%
- 1M
- 2.86%
- YTD
- 27.10%
- 6M
- 29.08%
- 1Y
- 34.79%
- 3Y*
- 7.72%
- 5Y*
- 17.39%
- 10Y*
- 10.58%
ASWC.DE vs. CVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ASWC.DE HANetf Future of Defence UCITS ETF Acc EUR | 13.04% | 38.30% | 39.36% | 14.37% |
CVX Chevron Corporation | 27.10% | -2.96% | 7.97% | -4.29% |
Correlation
The correlation between ASWC.DE and CVX is -0.00, 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 | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2023 | 0.09 |
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Return for Risk
ASWC.DE vs. CVX — Risk / Return Rank
ASWC.DE
CVX
ASWC.DE vs. CVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) and Chevron Corporation (CVX). 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.
| ASWC.DE | CVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.26 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 2.16 | -0.81 |
| Martin ratioReturn relative to average drawdown | 3.10 | 5.52 | -2.42 |
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Drawdowns
ASWC.DE vs. CVX - Drawdown Comparison
The maximum ASWC.DE drawdown since its inception was -12.58%, smaller than the maximum CVX drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for ASWC.DE and CVX.
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Drawdown Indicators
| ASWC.DE | CVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.58% | -54.63% | +42.05% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -16.17% | +3.59% |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.72% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.63% | — |
Current DrawdownCurrent decline from peak | -2.83% | -11.16% | +8.33% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -11.70% | +9.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.51% | 6.32% | -0.81% |
Volatility
ASWC.DE vs. CVX - Volatility Comparison
The current volatility for HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) is 5.89%, while Chevron Corporation (CVX) has a volatility of 8.17%. This indicates that ASWC.DE experiences smaller price fluctuations and is considered to be less risky than CVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASWC.DE | CVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 8.17% | -2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 15.89% | 19.25% | -3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.35% | 23.58% | -3.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 25.97% | -6.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.11% | 29.78% | -10.67% |
Dividends
ASWC.DE vs. CVX - Dividend Comparison
ASWC.DE has not paid dividends to shareholders, while CVX's dividend yield for the trailing twelve months is around 3.73%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASWC.DE HANetf Future of Defence UCITS ETF Acc EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CVX Chevron Corporation | 3.73% | 4.49% | 4.50% | 4.05% | 3.16% | 4.52% | 6.11% | 3.95% | 4.12% | 3.45% | 3.64% | 4.76% |
Frequently Asked Questions
ASWC.DE and CVX have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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