CNX vs. CVX

Last updated Apr 3, 2026

Compare and contrast key facts about CNX Resources Corporation (CNX) and Chevron Corporation (CVX).

Performance

CNX vs. CVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CNX Resources Corporation (CNX) and Chevron Corporation (CVX). The values are adjusted to include any dividend payments, if applicable.

CNX vs. CVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CNX CNX Resources Corporation	5.28%	0.27%	83.35%	18.76%	22.47%	27.31%	22.03%	-22.50%	-21.94%	-19.75%
CVX Chevron Corporation	31.83%	10.10%	1.29%	-13.63%	58.46%	46.24%	-25.95%	15.27%	-9.75%	10.59%

Fundamentals

Market Cap CNX : $5.98B CVX : $397.34B
EPS CNX : $3.81 CVX : $6.70
PE Ratio CNX : 10.15 CVX : 29.68
PEG Ratio CNX : 0.01 CVX : 4.37
PS Ratio CNX : 2.85 CVX : 1.97
PB Ratio CNX : 1.38 CVX : 2.13
Total Revenue (TTM) CNX : $2.26B CVX : $187.03B
Gross Profit (TTM) CNX : $1.64B CVX : $34.38B
EBITDA (TTM) CNX : $1.53B CVX : $41.09B

Returns By Period

In the year-to-date period, CNX achieves a 5.28% return, which is significantly lower than CVX's 31.83% return. Over the past 10 years, CNX has outperformed CVX with an annualized return of 13.47%, while CVX has yielded a comparatively lower 12.53% annualized return.

CNX

• 1D: 0.73%
• 1M: -7.64%
• YTD: 5.28%
• 6M: 17.05%
• 1Y: 21.12%
• 3Y*: 33.61%
• 5Y*: 20.34%
• 10Y*: 13.47%

CVX

• 1D: 0.79%
• 1M: 5.40%
• YTD: 31.83%
• 6M: 32.46%
• 1Y: 24.90%
• 3Y*: 9.95%
• 5Y*: 18.30%
• 10Y*: 12.53%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CNX vs. CVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CNX

CNX Risk / Return Rank: 59
CNX Sharpe Ratio Rank: 64
CNX Sortino Ratio Rank: 56
CNX Omega Ratio Rank: 54
CNX Calmar Ratio Rank: 62
CNX Martin Ratio Rank: 61

CVX

CVX Risk / Return Rank: 66
CVX Sharpe Ratio Rank: 72
CVX Sortino Ratio Rank: 63
CVX Omega Ratio Rank: 66
CVX Calmar Ratio Rank: 64
CVX Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CNX vs. CVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CNX Resources Corporation (CNX) 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.

	CNX	CVX	Difference
Sharpe ratio Return per unit of total volatility	0.67	0.98	-0.31
Sortino ratio Return per unit of downside risk	1.08	1.37	-0.28
Omega ratio Gain probability vs. loss probability	1.13	1.20	-0.06
Calmar ratio Return relative to maximum drawdown	1.07	1.19	-0.12
Martin ratio Return relative to average drawdown	2.44	2.67	-0.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CNX vs. CVX - Sharpe Ratio Comparison

The current CNX Sharpe Ratio is 0.67, which is lower than the CVX Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of CNX and CVX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CNX	CVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	0.98	-0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.73	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	0.43	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.39	-0.23

Correlation

The correlation between CNX and CVX is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CNX vs. CVX - Dividend Comparison

CNX has not paid dividends to shareholders, while CVX's dividend yield for the trailing twelve months is around 3.47%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CNX CNX Resources Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	1.84%
CVX Chevron Corporation	3.47%	4.49%	4.50%	4.05%	3.16%	4.52%	6.11%	3.95%	4.12%	3.45%	3.64%	4.76%

Drawdowns

CNX vs. CVX - Drawdown Comparison

The maximum CNX drawdown since its inception was -95.41%, which is greater than CVX's maximum drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for CNX and CVX.

Drawdown Indicators

	CNX	CVX	Difference
Max Drawdown Largest peak-to-trough decline	-95.41%	-55.77%	-39.64%
Max Drawdown (1Y) Largest decline over 1 year	-20.14%	-14.34%	-5.80%
Max Drawdown (5Y) Largest decline over 5 years	-38.23%	-24.95%	-13.28%
Max Drawdown (10Y) Largest decline over 10 years	-77.19%	-55.77%	-21.42%
Current Drawdown Current decline from peak	-64.33%	-5.77%	-58.56%
Average Drawdown Average peak-to-trough decline	-58.11%	-11.39%	-46.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.83%	8.77%	+0.06%

Volatility

CNX vs. CVX - Volatility Comparison

The current volatility for CNX Resources Corporation (CNX) is 7.11%, while Chevron Corporation (CVX) has a volatility of 7.76%. This indicates that CNX experiences smaller price fluctuations and is considered to be less risky than CVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CNX	CVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.11%	7.76%	-0.65%
Volatility (6M) Calculated over the trailing 6-month period	22.10%	15.54%	+6.56%
Volatility (1Y) Calculated over the trailing 1-year period	31.68%	25.44%	+6.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.89%	25.05%	+10.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.16%	29.02%	+20.14%

Financials

CNX vs. CVX - Profitability Comparison

The chart below illustrates the profitability comparison between CNX Resources Corporation and Chevron Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CNX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, CNX Resources Corporation reported a gross profit of 610.48M and revenue of 655.18M. Therefore, the gross margin over that period was 93.2%.

CVX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Chevron Corporation reported a gross profit of 12.17B and revenue of 46.87B. Therefore, the gross margin over that period was 26.0%.

CNX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, CNX Resources Corporation reported an operating income of 269.10M and revenue of 655.18M, resulting in an operating margin of 41.1%.

CVX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Chevron Corporation reported an operating income of 4.60B and revenue of 46.87B, resulting in an operating margin of 9.8%.

CNX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, CNX Resources Corporation reported a net income of 196.25M and revenue of 655.18M, resulting in a net margin of 30.0%.

CVX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Chevron Corporation reported a net income of 2.85B and revenue of 46.87B, resulting in a net margin of 6.1%.