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.
Key characteristics
CL=F | CVX | |
---|---|---|
YTD Return | 11.74% | 11.36% |
1Y Return | 11.41% | 10.03% |
3Y Return (Ann) | 6.02% | 20.00% |
5Y Return (Ann) | 4.26% | 10.99% |
10Y Return (Ann) | -2.14% | 7.34% |
Sharpe Ratio | 0.26 | 0.49 |
Daily Std Dev | 27.48% | 20.27% |
Max Drawdown | -93.11% | -58.22% |
Current Drawdown | -44.90% | -8.07% |
Correlation
The correlation between CL=F and CVX is 0.29, 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
The year-to-date returns for both stocks are quite close, with CL=F having a 11.74% return and CVX slightly lower at 11.36%. Over the past 10 years, CL=F has underperformed CVX with an annualized return of -2.14%, while CVX has yielded a comparatively higher 7.34% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 -58.22%. 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 5.26% compared to Chevron Corporation (CVX) at 4.56%. 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.