AVNT vs. CVX
AVNT (Avient Corporation) and CVX (Chevron Corporation) are both stocks. AVNT operates in Specialty Chemicals (Basic Materials), while CVX operates in Oil & Gas Integrated (Energy). Over the past 10 years, AVNT returned 2.45%/yr vs 10.94%/yr for CVX. At a 0.39 correlation, their price movements are largely independent.
Performance
AVNT vs. CVX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AVNT achieves a 21.85% return, which is significantly lower than CVX's 25.18% return. Over the past 10 years, AVNT has underperformed CVX with an annualized return of 2.45%, while CVX has yielded a comparatively higher 10.94% annualized return.
AVNT
- 1D
- 3.40%
- 1M
- 9.99%
- YTD
- 21.85%
- 6M
- 22.95%
- 1Y
- 9.14%
- 3Y*
- 0.46%
- 5Y*
- -3.52%
- 10Y*
- 2.45%
CVX
- 1D
- 0.75%
- 1M
- 1.58%
- YTD
- 25.18%
- 6M
- 27.20%
- 1Y
- 34.55%
- 3Y*
- 10.25%
- 5Y*
- 16.33%
- 10Y*
- 10.94%
AVNT vs. CVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVNT Avient Corporation | 21.85% | -21.17% | 0.62% | 26.38% | -38.23% | 41.33% | 12.93% | 31.90% | -33.01% | 37.84% |
CVX Chevron Corporation | 25.18% | 10.10% | 1.29% | -13.63% | 58.46% | 46.24% | -25.95% | 15.27% | -9.75% | 10.59% |
Correlation
The correlation between AVNT and CVX 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 | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2001 | 0.39 |
The correlation between AVNT and CVX shifts across timeframes, from -0.01 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
Fundamentals
AVNT:
$3.47B
CVX:
$371.80B
AVNT:
$1.72
CVX:
$5.75
AVNT:
21.97
CVX:
32.54
AVNT:
0.47
CVX:
3.17
AVNT:
1.06
CVX:
1.93
AVNT:
1.44
CVX:
2.02
AVNT:
$3.28B
CVX:
$185.89B
AVNT:
$1.04B
CVX:
$47.27B
AVNT:
$481.10M
CVX:
$40.44B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AVNT vs. CVX — Risk / Return Rank
AVNT
CVX
AVNT vs. CVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avient Corporation (AVNT) 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.
| AVNT | CVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.27 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 2.48 | -2.14 |
| Martin ratioReturn relative to average drawdown | 0.69 | 6.10 | -5.41 |
Loading charts...
Drawdowns
AVNT vs. CVX - Drawdown Comparison
The maximum AVNT drawdown since its inception was -89.80%, which is greater than CVX's maximum drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for AVNT and CVX.
Loading charts...
Drawdown Indicators
| AVNT | CVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.80% | -55.77% | -34.03% |
Max Drawdown (1Y)Largest decline over 1 year | -26.89% | -13.99% | -12.90% |
Max Drawdown (3Y)Largest decline over 3 years | -46.88% | -20.64% | -26.24% |
Max Drawdown (5Y)Largest decline over 5 years | -52.94% | -24.95% | -27.99% |
Max Drawdown (10Y)Largest decline over 10 years | -76.89% | -55.77% | -21.12% |
Current DrawdownCurrent decline from peak | -30.39% | -10.52% | -19.87% |
Average DrawdownAverage peak-to-trough decline | -28.85% | -11.39% | -17.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.37% | 5.68% | +7.69% |
Volatility
AVNT vs. CVX - Volatility Comparison
Avient Corporation (AVNT) has a higher volatility of 10.37% compared to Chevron Corporation (CVX) at 7.62%. This indicates that AVNT's price experiences larger fluctuations and is considered to be riskier than CVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AVNT | CVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.37% | 7.62% | +2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 23.62% | 17.86% | +5.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.79% | 22.06% | +11.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.99% | 25.15% | +11.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.88% | 29.16% | +10.72% |
Dividends
AVNT vs. CVX - Dividend Comparison
AVNT's dividend yield for the trailing twelve months is around 2.89%, less than CVX's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVNT Avient Corporation | 2.89% | 3.47% | 2.55% | 2.41% | 2.84% | 1.56% | 2.04% | 2.14% | 2.52% | 1.33% | 1.54% | 1.32% |
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% |
Financials
AVNT vs. CVX - Financials Comparison
This section allows you to compare key financial metrics between Avient Corporation and Chevron Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AVNT vs. CVX - Profitability Comparison
AVNT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Avient Corporation reported a gross profit of 272.60M and revenue of 847.40M. Therefore, the gross margin over that period was 32.2%.
CVX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Chevron Corporation reported a gross profit of 4.55B and revenue of 47.56B. Therefore, the gross margin over that period was 9.6%.
AVNT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Avient Corporation reported an operating income of 95.80M and revenue of 847.40M, resulting in an operating margin of 11.3%.
CVX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Chevron Corporation reported an operating income of 3.24B and revenue of 47.56B, resulting in an operating margin of 6.8%.
AVNT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Avient Corporation reported a net income of 55.70M and revenue of 847.40M, resulting in a net margin of 6.6%.
CVX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Chevron Corporation reported a net income of 2.21B and revenue of 47.56B, resulting in a net margin of 4.7%.
Frequently Asked Questions
AVNT and CVX 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.
AVNT has higher volatility (10.37%) compared to CVX (7.62%). In terms of maximum drawdown, AVNT dropped -89.80% vs CVX's -55.77%.
CVX currently has the higher Sharpe Ratio (1.57 vs 0.27), 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.
Find the right allocation for AVNT and CVX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer