CARR vs. CVX
CARR (Carrier Global Corporation) and CVX (Chevron Corporation) are both stocks. CARR operates in Building Products & Equipment (Industrials), while CVX operates in Oil & Gas Integrated (Energy). Over the past 5 years, CARR returned 10.28%/yr vs 16.33%/yr for CVX. At a 0.23 correlation, their price movements are largely independent.
Performance
CARR vs. CVX - Performance Comparison
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Returns By Period
In the year-to-date period, CARR achieves a 33.35% return, which is significantly higher than CVX's 25.18% return.
CARR
- 1D
- 0.24%
- 1M
- 8.10%
- YTD
- 33.35%
- 6M
- 33.09%
- 1Y
- -0.12%
- 3Y*
- 16.03%
- 5Y*
- 10.28%
- 10Y*
- —
CVX
- 1D
- 0.75%
- 1M
- -1.13%
- YTD
- 25.18%
- 6M
- 27.20%
- 1Y
- 33.69%
- 3Y*
- 10.25%
- 5Y*
- 16.33%
- 10Y*
- 10.94%
CARR vs. CVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CARR Carrier Global Corporation | 33.35% | -21.57% | 20.26% | 41.47% | -22.68% | 45.31% | 176.86% |
CVX Chevron Corporation | 25.18% | 10.10% | 1.29% | -13.63% | 58.46% | 46.24% | 15.88% |
Correlation
The correlation between CARR and CVX is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2020 | 0.23 |
Over the past year, the correlation between CARR and CVX has dropped to 0.02 - well below their long-term average of 0.23, suggesting their price drivers have been diverging.
Fundamentals
CARR:
$58.92B
CVX:
$371.80B
CARR:
$1.55
CVX:
$5.75
CARR:
45.24
CVX:
32.54
CARR:
0.67
CVX:
3.17
CARR:
2.73
CVX:
1.93
CARR:
4.27
CVX:
2.02
CARR:
$21.87B
CVX:
$185.89B
CARR:
$5.43B
CVX:
$47.27B
CARR:
$3.15B
CVX:
$40.44B
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Return for Risk
CARR vs. CVX — Risk / Return Rank
CARR
CVX
CARR vs. CVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carrier Global Corporation (CARR) 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.
| CARR | CVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.27 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 2.48 | -2.53 |
| Martin ratioReturn relative to average drawdown | -0.08 | 6.10 | -6.17 |
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Drawdowns
CARR vs. CVX - Drawdown Comparison
The maximum CARR drawdown since its inception was -40.82%, smaller than the maximum CVX drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for CARR and CVX.
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Drawdown Indicators
| CARR | CVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.82% | -55.77% | +14.95% |
Max Drawdown (1Y)Largest decline over 1 year | -37.38% | -13.99% | -23.39% |
Max Drawdown (3Y)Largest decline over 3 years | -37.91% | -20.64% | -17.27% |
Max Drawdown (5Y)Largest decline over 5 years | -40.82% | -24.95% | -15.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.77% | — |
Current DrawdownCurrent decline from peak | -13.13% | -10.52% | -2.61% |
Average DrawdownAverage peak-to-trough decline | -14.21% | -11.39% | -2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.10% | 5.68% | +18.42% |
Volatility
CARR vs. CVX - Volatility Comparison
Carrier Global Corporation (CARR) has a higher volatility of 12.13% compared to Chevron Corporation (CVX) at 7.62%. This indicates that CARR'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.
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Volatility by Period
| CARR | CVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.13% | 7.62% | +4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 27.68% | 17.86% | +9.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.29% | 22.06% | +13.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.90% | 25.15% | +6.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.83% | 29.16% | +5.67% |
Dividends
CARR vs. CVX - Dividend Comparison
CARR's dividend yield for the trailing twelve months is around 1.65%, less than CVX's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CARR Carrier Global Corporation | 1.65% | 1.70% | 1.16% | 1.30% | 1.54% | 0.94% | 0.74% | 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% |
Financials
CARR vs. CVX - Financials Comparison
This section allows you to compare key financial metrics between Carrier Global 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
CARR vs. CVX - Profitability Comparison
CARR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Carrier Global Corporation reported a gross profit of 1.24B and revenue of 5.34B. Therefore, the gross margin over that period was 23.3%.
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%.
CARR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Carrier Global Corporation reported an operating income of 259.00M and revenue of 5.34B, resulting in an operating margin of 4.9%.
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%.
CARR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Carrier Global Corporation reported a net income of 238.00M and revenue of 5.34B, resulting in a net margin of 4.5%.
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
CARR and CVX have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CARR has higher volatility (12.13%) compared to CVX (7.62%). In terms of maximum drawdown, CARR dropped -40.82% vs CVX's -55.77%.
CVX currently has the higher Sharpe Ratio (1.57 vs -0.05), 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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