COP vs. CF
COP (ConocoPhillips Company) and CF (CF Industries Holdings, Inc.) are both stocks. COP operates in Oil & Gas E&P (Energy), while CF operates in Agricultural Inputs (Basic Materials). Over the past 10 years, COP returned 13.80%/yr vs 17.28%/yr for CF. At a 0.45 correlation, their price movements are largely independent.
Performance
COP vs. CF - Performance Comparison
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Returns By Period
In the year-to-date period, COP achieves a 28.95% return, which is significantly lower than CF's 42.85% return. Over the past 10 years, COP has underperformed CF with an annualized return of 13.80%, while CF has yielded a comparatively higher 17.28% annualized return.
COP
- 1D
- 1.49%
- 1M
- 5.18%
- YTD
- 28.95%
- 6M
- 29.96%
- 1Y
- 40.83%
- 3Y*
- 8.10%
- 5Y*
- 18.98%
- 10Y*
- 13.80%
CF
- 1D
- -3.56%
- 1M
- -4.45%
- YTD
- 42.85%
- 6M
- 43.00%
- 1Y
- 21.33%
- 3Y*
- 19.92%
- 5Y*
- 17.00%
- 10Y*
- 17.28%
COP vs. CF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COP ConocoPhillips Company | 28.95% | -2.34% | -12.02% | 1.98% | 71.69% | 86.60% | -36.04% | 6.63% | 15.63% | 11.95% |
CF CF Industries Holdings, Inc. | 42.85% | -7.17% | 10.08% | -4.75% | 22.29% | 87.18% | -15.76% | 12.73% | 5.13% | 40.24% |
Correlation
The correlation between COP and CF is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2005 | 0.45 |
The correlation between COP and CF has been stable across timeframes, ranging from 0.44 to 0.54 - a consistent structural relationship.
Fundamentals
COP:
$145.64B
CF:
$16.91B
COP:
$5.90
CF:
$11.08
COP:
20.15
CF:
9.88
COP:
1.16
CF:
0.16
COP:
2.53
CF:
2.35
COP:
2.26
CF:
2.05
COP:
$58.31B
CF:
$7.41B
COP:
$17.02B
CF:
$2.99B
COP:
$22.44B
CF:
$2.60B
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Return for Risk
COP vs. CF — Risk / Return Rank
COP
CF
COP vs. CF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ConocoPhillips Company (COP) and CF Industries Holdings, Inc. (CF). 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.
| COP | CF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.12 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 0.86 | +1.89 |
| Martin ratioReturn relative to average drawdown | 6.17 | 1.52 | +4.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COP | CF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 0.51 | +0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.45 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.43 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.46 | -0.23 |
Drawdowns
COP vs. CF - Drawdown Comparison
The maximum COP drawdown since its inception was -84.55%, which is greater than CF's maximum drawdown of -76.73%. Use the drawdown chart below to compare losses from any high point for COP and CF.
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Drawdown Indicators
| COP | CF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.55% | -76.73% | -7.82% |
Max Drawdown (1Y)Largest decline over 1 year | -14.90% | -24.87% | +9.97% |
Max Drawdown (3Y)Largest decline over 3 years | -36.19% | -29.16% | -7.03% |
Max Drawdown (5Y)Largest decline over 5 years | -36.19% | -48.36% | +12.17% |
Max Drawdown (10Y)Largest decline over 10 years | -70.66% | -60.74% | -9.92% |
Current DrawdownCurrent decline from peak | -10.48% | -20.13% | +9.65% |
Average DrawdownAverage peak-to-trough decline | -25.48% | -24.93% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.63% | 14.04% | -7.41% |
Volatility
COP vs. CF - Volatility Comparison
The current volatility for ConocoPhillips Company (COP) is 7.55%, while CF Industries Holdings, Inc. (CF) has a volatility of 14.18%. This indicates that COP experiences smaller price fluctuations and is considered to be less risky than CF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COP | CF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.55% | 14.18% | -6.63% |
Volatility (6M)Calculated over the trailing 6-month period | 22.71% | 35.48% | -12.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.22% | 42.26% | -13.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.73% | 38.23% | -5.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.65% | 40.31% | -2.66% |
Dividends
COP vs. CF - Dividend Comparison
COP's dividend yield for the trailing twelve months is around 2.78%, more than CF's 1.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CF CF Industries Holdings, Inc. | 1.83% | 2.59% | 2.34% | 2.01% | 1.76% | 1.70% | 3.10% | 2.51% | 2.76% | 2.82% | 3.81% | 2.94% |
COP ConocoPhillips Company | 2.78% | 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. CF - Financials Comparison
This section allows you to compare key financial metrics between ConocoPhillips Company and CF Industries Holdings, Inc.. 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. CF - 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%.
CF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CF Industries Holdings, Inc. reported a gross profit of 746.00M and revenue of 1.99B. Therefore, the gross margin over that period was 37.6%.
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%.
CF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CF Industries Holdings, Inc. reported an operating income of 6.00M and revenue of 1.99B, resulting in an operating margin of 0.3%.
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%.
CF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CF Industries Holdings, Inc. reported a net income of 615.00M and revenue of 1.99B, resulting in a net margin of 31.0%.
Frequently Asked Questions
COP and CF have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CF has higher volatility (14.18%) compared to COP (7.55%). In terms of maximum drawdown, COP dropped -84.55% vs CF's -76.73%.
COP currently has the higher Sharpe Ratio (1.41 vs 0.51), 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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