CL=F vs. CVX
Compare and contrast key facts about Crude Oil WTI (CL=F) and Chevron Corporation (CVX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CL=F or CVX.
Correlation
The correlation between CL=F and CVX is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CL=F vs. CVX - Performance Comparison
Key characteristics
CL=F:
-0.39
CVX:
0.02
CL=F:
-0.37
CVX:
0.16
CL=F:
0.96
CVX:
1.02
CL=F:
-0.20
CVX:
0.02
CL=F:
-0.83
CVX:
0.07
CL=F:
13.03%
CVX:
6.17%
CL=F:
27.62%
CVX:
19.17%
CL=F:
-93.11%
CVX:
-55.77%
CL=F:
-52.08%
CVX:
-16.83%
Returns By Period
In the year-to-date period, CL=F achieves a -2.83% return, which is significantly lower than CVX's 0.76% return. Over the past 10 years, CL=F has underperformed CVX with an annualized return of 1.85%, while CVX has yielded a comparatively higher 6.95% annualized return.
CL=F
-2.83%
0.67%
-13.61%
-5.20%
2.53%
1.85%
CVX
0.76%
-10.38%
-4.01%
-0.89%
8.53%
6.95%
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Risk-Adjusted Performance
CL=F vs. CVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Crude Oil WTI (CL=F) 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.
Drawdowns
CL=F vs. CVX - Drawdown Comparison
The maximum CL=F drawdown since its inception was -93.11%, which is greater than CVX's maximum drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for CL=F and CVX. For additional features, visit the drawdowns tool.
Volatility
CL=F vs. CVX - Volatility Comparison
Crude Oil WTI (CL=F) has a higher volatility of 7.14% compared to Chevron Corporation (CVX) at 5.60%. This indicates that CL=F'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.