COP vs. MPC
COP (ConocoPhillips Company) and MPC (Marathon Petroleum Corporation) are both stocks. Both are in the Energy sector — COP in Oil & Gas E&P, MPC in Oil & Gas Refining & Marketing. Over the past 10 years, COP returned 13.69%/yr vs 25.97%/yr for MPC. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
COP vs. MPC - Performance Comparison
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Returns By Period
In the year-to-date period, COP achieves a 26.75% return, which is significantly lower than MPC's 63.18% return. Over the past 10 years, COP has underperformed MPC with an annualized return of 13.69%, while MPC has yielded a comparatively higher 25.97% annualized return.
COP
- 1D
- 1.12%
- 1M
- -4.43%
- YTD
- 26.75%
- 6M
- 32.89%
- 1Y
- 39.23%
- 3Y*
- 8.02%
- 5Y*
- 18.66%
- 10Y*
- 13.69%
MPC
- 1D
- 1.70%
- 1M
- 7.28%
- YTD
- 63.18%
- 6M
- 37.72%
- 1Y
- 68.95%
- 3Y*
- 36.95%
- 5Y*
- 36.17%
- 10Y*
- 25.97%
COP vs. MPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COP ConocoPhillips Company | 26.75% | -2.34% | -12.02% | 1.98% | 71.69% | 86.60% | -36.04% | 6.63% | 15.63% | 11.95% |
MPC Marathon Petroleum Corporation | 63.18% | 19.17% | -4.06% | 30.46% | 86.62% | 61.00% | -27.38% | 6.05% | -8.23% | 34.78% |
Correlation
The correlation between COP and MPC is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2011 | 0.57 |
The correlation between COP and MPC shifts across timeframes, from 0.57 (all time) to 0.67 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
COP:
$143.16B
MPC:
$77.60B
COP:
$5.90
MPC:
$15.35
COP:
19.81
MPC:
17.14
COP:
1.14
MPC:
0.08
COP:
2.49
MPC:
0.58
COP:
2.22
MPC:
4.63
COP:
$58.31B
MPC:
$135.75B
COP:
$17.02B
MPC:
$11.95B
COP:
$22.44B
MPC:
$12.39B
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Return for Risk
COP vs. MPC — Risk / Return Rank
COP
MPC
COP vs. MPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ConocoPhillips Company (COP) and Marathon Petroleum Corporation (MPC). 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 | MPC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 2.20 | -0.85 |
Sortino ratioReturn per unit of downside risk | 1.90 | 2.75 | -0.85 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.78 | 3.65 | -0.86 |
Martin ratioReturn relative to average drawdown | 6.38 | 9.65 | -3.27 |
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 | MPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 2.20 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 1.10 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.65 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.56 | -0.33 |
Drawdowns
COP vs. MPC - Drawdown Comparison
The maximum COP drawdown since its inception was -84.55%, which is greater than MPC's maximum drawdown of -79.67%. Use the drawdown chart below to compare losses from any high point for COP and MPC.
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Drawdown Indicators
| COP | MPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.55% | -79.67% | -4.88% |
Max Drawdown (1Y)Largest decline over 1 year | -14.90% | -18.33% | +3.43% |
Max Drawdown (3Y)Largest decline over 3 years | -36.19% | -44.75% | +8.56% |
Max Drawdown (5Y)Largest decline over 5 years | -36.19% | -44.75% | +8.56% |
Max Drawdown (10Y)Largest decline over 10 years | -70.66% | -79.67% | +9.01% |
Current DrawdownCurrent decline from peak | -12.00% | 0.00% | -12.00% |
Average DrawdownAverage peak-to-trough decline | -25.49% | -17.37% | -8.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.50% | 6.93% | -0.43% |
Volatility
COP vs. MPC - Volatility Comparison
The current volatility for ConocoPhillips Company (COP) is 8.82%, while Marathon Petroleum Corporation (MPC) has a volatility of 11.47%. This indicates that COP experiences smaller price fluctuations and is considered to be less risky than MPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COP | MPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.82% | 11.47% | -2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 22.80% | 25.79% | -2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.26% | 31.50% | -2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.71% | 33.03% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.68% | 40.27% | -2.59% |
Dividends
COP vs. MPC - Dividend Comparison
COP's dividend yield for the trailing twelve months is around 2.82%, more than MPC's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MPC Marathon Petroleum Corporation | 1.49% | 2.29% | 2.43% | 2.07% | 2.14% | 3.63% | 5.61% | 3.52% | 3.12% | 2.30% | 2.70% | 2.20% |
Financials
COP vs. MPC - Financials Comparison
This section allows you to compare key financial metrics between ConocoPhillips Company and Marathon Petroleum 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. MPC - 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%.
MPC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Marathon Petroleum Corporation reported a gross profit of 3.31B and revenue of 34.57B. Therefore, the gross margin over that period was 9.6%.
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%.
MPC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Marathon Petroleum Corporation reported an operating income of 1.40B and revenue of 34.57B, resulting in an operating margin of 4.1%.
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%.
MPC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Marathon Petroleum Corporation reported a net income of 511.00M and revenue of 34.57B, resulting in a net margin of 1.5%.
Frequently Asked Questions
COP and MPC have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPC has higher volatility (11.47%) compared to COP (8.82%). In terms of maximum drawdown, COP dropped -84.55% vs MPC's -79.67%.
MPC currently has the higher Sharpe Ratio (2.20 vs 1.35), 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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