COP vs. AVY
COP (ConocoPhillips Company) and AVY (Avery Dennison Corporation) are both stocks. COP operates in Oil & Gas E&P (Energy), while AVY operates in Business Equipment & Supplies (Industrials). Over the past 10 years, COP returned 13.66%/yr vs 9.69%/yr for AVY. At a 0.28 correlation, their price movements are largely independent.
Performance
COP vs. AVY - Performance Comparison
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Returns By Period
In the year-to-date period, COP achieves a 26.87% return, which is significantly higher than AVY's -11.44% return. Over the past 10 years, COP has outperformed AVY with an annualized return of 13.66%, while AVY has yielded a comparatively lower 9.69% annualized return.
COP
- 1D
- 1.40%
- 1M
- -4.44%
- YTD
- 26.87%
- 6M
- 24.31%
- 1Y
- 24.65%
- 3Y*
- 7.68%
- 5Y*
- 18.49%
- 10Y*
- 13.66%
AVY
- 1D
- 0.31%
- 1M
- 2.60%
- YTD
- -11.44%
- 6M
- -11.79%
- 1Y
- -6.75%
- 3Y*
- 0.06%
- 5Y*
- -4.53%
- 10Y*
- 9.69%
COP vs. AVY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COP ConocoPhillips Company | 26.87% | -2.34% | -12.02% | 1.98% | 71.69% | 86.60% | -36.04% | 6.63% | 15.63% | 11.95% |
AVY Avery Dennison Corporation | -11.44% | -0.73% | -5.95% | 13.66% | -15.06% | 41.41% | 20.86% | 48.54% | -20.28% | 66.75% |
Correlation
The correlation between COP and AVY is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 1983 | 0.28 |
Over the past year, the correlation between COP and AVY has dropped to 0.00 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
Fundamentals
COP:
$143.30B
AVY:
$12.26B
COP:
$5.90
AVY:
$8.87
COP:
19.83
AVY:
17.95
COP:
1.15
AVY:
5.99
COP:
2.49
AVY:
1.37
COP:
2.22
AVY:
5.33
COP:
$58.31B
AVY:
$9.01B
COP:
$17.02B
AVY:
$2.59B
COP:
$22.44B
AVY:
$1.24B
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Return for Risk
COP vs. AVY — Risk / Return Rank
COP
AVY
COP vs. AVY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ConocoPhillips Company (COP) and Avery Dennison Corporation (AVY). 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.
| COP | AVY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.95 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | -0.43 | +2.29 |
| Martin ratioReturn relative to average drawdown | 4.08 | -0.91 | +4.98 |
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Drawdowns
COP vs. AVY - Drawdown Comparison
The maximum COP drawdown since its inception was -84.55%, which is greater than AVY's maximum drawdown of -73.03%. Use the drawdown chart below to compare losses from any high point for COP and AVY.
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Drawdown Indicators
| COP | AVY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.55% | -73.03% | -11.52% |
Max Drawdown (1Y)Largest decline over 1 year | -14.90% | -21.62% | +6.72% |
Max Drawdown (3Y)Largest decline over 3 years | -36.19% | -30.56% | -5.63% |
Max Drawdown (5Y)Largest decline over 5 years | -36.19% | -31.80% | -4.39% |
Max Drawdown (10Y)Largest decline over 10 years | -70.66% | -43.52% | -27.14% |
Current DrawdownCurrent decline from peak | -11.92% | -27.73% | +15.81% |
Average DrawdownAverage peak-to-trough decline | -25.49% | -16.79% | -8.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.80% | 10.16% | -3.36% |
Volatility
COP vs. AVY - Volatility Comparison
ConocoPhillips Company (COP) has a higher volatility of 8.72% compared to Avery Dennison Corporation (AVY) at 7.39%. This indicates that COP's price experiences larger fluctuations and is considered to be riskier than AVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COP | AVY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.72% | 7.39% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 23.05% | 16.29% | +6.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.33% | 23.82% | +5.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.80% | 24.68% | +8.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.64% | 27.06% | +10.58% |
Dividends
COP vs. AVY - Dividend Comparison
COP's dividend yield for the trailing twelve months is around 2.82%, more than AVY's 2.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVY Avery Dennison Corporation | 2.40% | 2.03% | 1.84% | 1.57% | 1.62% | 1.23% | 1.52% | 1.73% | 2.24% | 1.53% | 2.28% | 2.33% |
COP ConocoPhillips Company | 2.82% | 3.40% | 3.35% | 3.37% | 4.23% | 2.70% | 4.23% | 2.05% | 1.86% | 1.93% | 1.99% | 6.30% |
Financials
COP vs. AVY - Financials Comparison
This section allows you to compare key financial metrics between ConocoPhillips Company and Avery Dennison 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
COP vs. AVY - Profitability Comparison
COP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ConocoPhillips Company reported a gross profit of 7.50B and revenue of 16.05B. Therefore, the gross margin over that period was 46.7%.
AVY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Avery Dennison Corporation reported a gross profit of 664.80M and revenue of 2.30B. Therefore, the gross margin over that period was 28.9%.
COP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ConocoPhillips Company reported an operating income of 3.36B and revenue of 16.05B, resulting in an operating margin of 21.0%.
AVY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Avery Dennison Corporation reported an operating income of 271.90M and revenue of 2.30B, resulting in an operating margin of 11.8%.
COP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ConocoPhillips Company reported a net income of 2.18B and revenue of 16.05B, resulting in a net margin of 13.6%.
AVY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Avery Dennison Corporation reported a net income of 168.10M and revenue of 2.30B, resulting in a net margin of 7.3%.
Frequently Asked Questions
COP and AVY have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COP has higher volatility (8.72%) compared to AVY (7.39%). In terms of maximum drawdown, COP dropped -84.55% vs AVY's -73.03%.
COP currently has the higher Sharpe Ratio (0.95 vs -0.39), 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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