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:
-0.02
CVX:
0.66
CL=F:
0.17
CVX:
0.99
CL=F:
1.02
CVX:
1.13
CL=F:
-0.01
CVX:
0.59
CL=F:
-0.03
CVX:
1.93
CL=F:
13.76%
CVX:
6.55%
CL=F:
27.20%
CVX:
19.18%
CL=F:
-93.11%
CVX:
-55.77%
CL=F:
-46.49%
CVX:
-9.43%
Returns By Period
The year-to-date returns for both stocks are quite close, with CL=F having a 8.41% return and CVX slightly lower at 8.33%. Over the past 10 years, CL=F has underperformed CVX with an annualized return of 4.21%, while CVX has yielded a comparatively higher 8.65% annualized return.
CL=F
8.41%
9.06%
-3.73%
6.81%
5.13%
4.21%
CVX
8.33%
1.97%
1.59%
11.13%
10.93%
8.65%
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Risk-Adjusted Performance
CL=F vs. CVX — Risk-Adjusted Performance Rank
CL=F
CVX
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 6.05% compared to Chevron Corporation (CVX) at 4.12%. 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.