COVTY vs. COP
COVTY (Covestro ADR) and COP (ConocoPhillips Company) are both stocks. COVTY operates in Specialty Chemicals (Basic Materials), while COP operates in Oil & Gas E&P (Energy). Over the past 5 years, COVTY returned 0.98%/yr vs 18.95%/yr for COP. At a 0.24 correlation, their price movements are largely independent.
Performance
COVTY vs. COP - Performance Comparison
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Returns By Period
In the year-to-date period, COVTY achieves a 2.79% return, which is significantly lower than COP's 29.12% return.
COVTY
- 1D
- 1.16%
- 1M
- -0.65%
- YTD
- 2.79%
- 6M
- 0.63%
- 1Y
- 0.89%
- 3Y*
- 18.52%
- 5Y*
- 0.98%
- 10Y*
- —
COP
- 1D
- 1.87%
- 1M
- -3.98%
- YTD
- 29.12%
- 6M
- 31.65%
- 1Y
- 39.91%
- 3Y*
- 8.69%
- 5Y*
- 18.95%
- 10Y*
- 13.90%
COVTY vs. COP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COVTY Covestro ADR | 2.79% | 15.75% | -0.88% | 50.21% | -31.89% | 3.10% | 39.29% | -5.98% | -50.89% | 54.46% |
COP ConocoPhillips Company | 29.12% | -2.34% | -12.02% | 1.98% | 71.69% | 86.60% | -36.04% | 6.63% | 15.63% | 11.95% |
Correlation
The correlation between COVTY and COP 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 | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2016 | 0.24 |
Over the past year, the correlation between COVTY and COP has dropped to 0.00 - well below their long-term average of 0.24, suggesting their price drivers have been diverging.
Fundamentals
COVTY:
$13.16B
COP:
$145.83B
COVTY:
-$1.69
COP:
$5.90
COVTY:
1.01
COP:
2.53
COVTY:
1.88
COP:
2.26
COVTY:
$12.91B
COP:
$58.31B
COVTY:
$1.71B
COP:
$17.02B
COVTY:
$733.54M
COP:
$22.44B
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Return for Risk
COVTY vs. COP — Risk / Return Rank
COVTY
COP
COVTY vs. COP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Covestro ADR (COVTY) and ConocoPhillips Company (COP). 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.
| COVTY | COP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.22 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 2.69 | -2.60 |
| Martin ratioReturn relative to average drawdown | 0.23 | 6.13 | -5.90 |
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
| COVTY | COP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.04 | 1.37 | -1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 0.58 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.23 | -0.15 |
Drawdowns
COVTY vs. COP - Drawdown Comparison
The maximum COVTY drawdown since its inception was -77.54%, smaller than the maximum COP drawdown of -84.55%. Use the drawdown chart below to compare losses from any high point for COVTY and COP.
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Drawdown Indicators
| COVTY | COP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.54% | -84.55% | +7.01% |
Max Drawdown (1Y)Largest decline over 1 year | -10.23% | -14.90% | +4.67% |
Max Drawdown (3Y)Largest decline over 3 years | -16.19% | -36.19% | +20.00% |
Max Drawdown (5Y)Largest decline over 5 years | -57.49% | -36.19% | -21.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.66% | — |
Current DrawdownCurrent decline from peak | -33.11% | -10.36% | -22.75% |
Average DrawdownAverage peak-to-trough decline | -42.07% | -25.49% | -16.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 6.53% | -2.68% |
Volatility
COVTY vs. COP - Volatility Comparison
The current volatility for Covestro ADR (COVTY) is 6.36%, while ConocoPhillips Company (COP) has a volatility of 8.92%. This indicates that COVTY experiences smaller price fluctuations and is considered to be less risky than COP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COVTY | COP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 8.92% | -2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 17.69% | 22.81% | -5.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.86% | 29.27% | -5.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.95% | 32.72% | -1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.38% | 37.67% | -3.29% |
Dividends
COVTY vs. COP - Dividend Comparison
COVTY has not paid dividends to shareholders, while COP's dividend yield for the trailing twelve months is around 2.77%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COP ConocoPhillips Company | 2.77% | 3.40% | 3.35% | 3.37% | 4.23% | 2.70% | 4.23% | 2.05% | 1.86% | 1.93% | 1.99% | 6.30% |
COVTY Covestro ADR | 0.00% | 0.00% | 0.00% | 0.00% | 9.64% | 2.53% | 2.23% | 4.26% | 3.92% | 2.44% | 0.00% | 0.00% |
Financials
COVTY vs. COP - Financials Comparison
This section allows you to compare key financial metrics between Covestro ADR and ConocoPhillips Company. 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
COVTY vs. COP - Profitability Comparison
COVTY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Covestro ADR reported a gross profit of 210.01M and revenue of 2.89B. Therefore, the gross margin over that period was 7.3%.
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%.
COVTY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Covestro ADR reported an operating income of -317.00M and revenue of 2.89B, resulting in an operating margin of -11.0%.
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%.
COVTY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Covestro ADR reported a net income of -374.46M and revenue of 2.89B, resulting in a net margin of -13.0%.
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%.
Frequently Asked Questions
COVTY and COP 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 (8.92%) compared to COVTY (6.36%). In terms of maximum drawdown, COVTY dropped -77.54% vs COP's -84.55%.
COP currently has the higher Sharpe Ratio (1.37 vs 0.04), 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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