CVX vs. AWK
CVX (Chevron Corporation) and AWK (American Water Works Company, Inc.) are both stocks. CVX operates in Oil & Gas Integrated (Energy), while AWK operates in Utilities - Regulated Water (Utilities). Over the past 10 years, CVX returned 10.94%/yr vs 7.02%/yr for AWK. At a 0.20 correlation, their price movements are largely independent.
Performance
CVX vs. AWK - Performance Comparison
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Returns By Period
In the year-to-date period, CVX achieves a 25.18% return, which is significantly higher than AWK's -1.86% return. Over the past 10 years, CVX has outperformed AWK with an annualized return of 10.94%, while AWK has yielded a comparatively lower 7.02% annualized return.
CVX
- 1D
- 0.75%
- 1M
- 1.58%
- YTD
- 25.18%
- 6M
- 27.20%
- 1Y
- 34.55%
- 3Y*
- 10.25%
- 5Y*
- 16.33%
- 10Y*
- 10.94%
AWK
- 1D
- 1.49%
- 1M
- -0.83%
- YTD
- -1.86%
- 6M
- -2.64%
- 1Y
- -8.27%
- 3Y*
- -2.50%
- 5Y*
- -2.65%
- 10Y*
- 7.02%
CVX vs. AWK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVX Chevron Corporation | 25.18% | 10.10% | 1.29% | -13.63% | 58.46% | 46.24% | -25.95% | 15.27% | -9.75% | 10.59% |
AWK American Water Works Company, Inc. | -1.86% | 7.40% | -3.53% | -11.68% | -17.89% | 24.83% | 26.88% | 37.79% | 1.32% | 29.01% |
Correlation
The correlation between CVX and AWK is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2008 | 0.20 |
The correlation between CVX and AWK shifts across timeframes, from 0.01 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CVX:
$371.80B
AWK:
$24.63B
CVX:
$5.75
AWK:
$5.65
CVX:
32.54
AWK:
22.35
CVX:
1.93
AWK:
4.73
CVX:
2.02
AWK:
2.23
CVX:
$185.89B
AWK:
$5.21B
CVX:
$47.27B
AWK:
$2.27B
CVX:
$40.44B
AWK:
$2.48B
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Return for Risk
CVX vs. AWK — Risk / Return Rank
CVX
AWK
CVX vs. AWK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Chevron Corporation (CVX) and American Water Works Company, Inc. (AWK). 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.
| CVX | AWK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.96 | ||
| Sortino ratioReturn per unit of downside risk | +2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.95 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | -0.54 | +3.02 |
| Martin ratioReturn relative to average drawdown | 6.10 | -0.99 | +7.08 |
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Drawdowns
CVX vs. AWK - Drawdown Comparison
The maximum CVX drawdown since its inception was -55.77%, which is greater than AWK's maximum drawdown of -37.10%. Use the drawdown chart below to compare losses from any high point for CVX and AWK.
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Drawdown Indicators
| CVX | AWK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.77% | -37.10% | -18.67% |
Max Drawdown (1Y)Largest decline over 1 year | -13.99% | -15.45% | +1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | -22.33% | +1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -37.10% | +12.15% |
Max Drawdown (10Y)Largest decline over 10 years | -55.77% | -37.10% | -18.67% |
Current DrawdownCurrent decline from peak | -10.52% | -26.26% | +15.74% |
Average DrawdownAverage peak-to-trough decline | -11.39% | -9.51% | -1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.68% | 8.38% | -2.70% |
Volatility
CVX vs. AWK - Volatility Comparison
Chevron Corporation (CVX) has a higher volatility of 7.62% compared to American Water Works Company, Inc. (AWK) at 6.28%. This indicates that CVX's price experiences larger fluctuations and is considered to be riskier than AWK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVX | AWK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 6.28% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 17.86% | 15.71% | +2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.06% | 21.59% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.15% | 22.93% | +2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.16% | 23.72% | +5.44% |
Dividends
CVX vs. AWK - Dividend Comparison
CVX's dividend yield for the trailing twelve months is around 3.73%, more than AWK's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWK American Water Works Company, Inc. | 2.67% | 2.49% | 2.41% | 2.10% | 1.68% | 1.25% | 1.40% | 1.59% | 1.96% | 1.77% | 2.02% | 2.23% |
CVX Chevron Corporation | 3.73% | 4.49% | 4.50% | 4.05% | 3.16% | 4.52% | 6.11% | 3.95% | 4.12% | 3.45% | 3.64% | 4.76% |
Financials
CVX vs. AWK - Financials Comparison
This section allows you to compare key financial metrics between Chevron Corporation and American Water Works Company, 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
CVX vs. AWK - Profitability Comparison
CVX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Chevron Corporation reported a gross profit of 4.55B and revenue of 47.56B. Therefore, the gross margin over that period was 9.6%.
AWK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, American Water Works Company, Inc. reported a gross profit of 714.00M and revenue of 1.21B. Therefore, the gross margin over that period was 59.2%.
CVX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Chevron Corporation reported an operating income of 3.24B and revenue of 47.56B, resulting in an operating margin of 6.8%.
AWK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, American Water Works Company, Inc. reported an operating income of 391.00M and revenue of 1.21B, resulting in an operating margin of 32.4%.
CVX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Chevron Corporation reported a net income of 2.21B and revenue of 47.56B, resulting in a net margin of 4.7%.
AWK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, American Water Works Company, Inc. reported a net income of 196.00M and revenue of 1.21B, resulting in a net margin of 16.2%.
Frequently Asked Questions
CVX and AWK have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVX has higher volatility (7.62%) compared to AWK (6.28%). In terms of maximum drawdown, CVX dropped -55.77% vs AWK's -37.10%.
CVX currently has the higher Sharpe Ratio (1.57 vs -0.38), 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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