CVX vs. BLK
CVX (Chevron Corporation) and BLK (BlackRock, Inc.) are both stocks. CVX operates in Oil & Gas Integrated (Energy), while BLK operates in Asset Management (Financial Services). Over the past 10 years, CVX returned 10.94%/yr vs 14.55%/yr for BLK. At a 0.38 correlation, their price movements are largely independent.
Performance
CVX vs. BLK - 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 BLK's -2.50% return. Over the past 10 years, CVX has underperformed BLK with an annualized return of 10.94%, while BLK has yielded a comparatively higher 14.55% 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%
BLK
- 1D
- 1.52%
- 1M
- -5.14%
- YTD
- -2.50%
- 6M
- -4.18%
- 1Y
- 6.62%
- 3Y*
- 17.07%
- 5Y*
- 5.74%
- 10Y*
- 14.55%
CVX vs. BLK - 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% |
BLK BlackRock, Inc. | -2.50% | 6.55% | 29.29% | 17.86% | -20.40% | 29.39% | 47.21% | 31.87% | -21.59% | 38.20% |
Correlation
The correlation between CVX and BLK is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2001 | 0.38 |
The correlation between CVX and BLK shifts across timeframes, from -0.06 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CVX:
$371.80B
BLK:
$170.28B
CVX:
$5.75
BLK:
$38.89
CVX:
32.54
BLK:
26.53
CVX:
1.93
BLK:
6.46
CVX:
2.02
BLK:
3.00
CVX:
$185.89B
BLK:
$25.71B
CVX:
$47.27B
BLK:
$15.21B
CVX:
$40.44B
BLK:
$9.79B
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Return for Risk
CVX vs. BLK — Risk / Return Rank
CVX
BLK
CVX vs. BLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Chevron Corporation (CVX) and BlackRock, Inc. (BLK). 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 | BLK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.07 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 0.30 | +2.19 |
| Martin ratioReturn relative to average drawdown | 6.10 | 0.66 | +5.44 |
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Drawdowns
CVX vs. BLK - Drawdown Comparison
The maximum CVX drawdown since its inception was -55.77%, smaller than the maximum BLK drawdown of -60.36%. Use the drawdown chart below to compare losses from any high point for CVX and BLK.
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Drawdown Indicators
| CVX | BLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.77% | -60.36% | +4.59% |
Max Drawdown (1Y)Largest decline over 1 year | -13.99% | -22.45% | +8.46% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | -23.74% | +3.10% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -43.90% | +18.95% |
Max Drawdown (10Y)Largest decline over 10 years | -55.77% | -43.90% | -11.87% |
Current DrawdownCurrent decline from peak | -10.52% | -12.80% | +2.28% |
Average DrawdownAverage peak-to-trough decline | -11.39% | -11.93% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.68% | 10.05% | -4.37% |
Volatility
CVX vs. BLK - Volatility Comparison
The current volatility for Chevron Corporation (CVX) is 7.62%, while BlackRock, Inc. (BLK) has a volatility of 8.55%. This indicates that CVX experiences smaller price fluctuations and is considered to be less risky than BLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVX | BLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 8.55% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 17.86% | 20.59% | -2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.06% | 25.90% | -3.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.15% | 26.76% | -1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.16% | 27.75% | +1.41% |
Dividends
CVX vs. BLK - Dividend Comparison
CVX's dividend yield for the trailing twelve months is around 3.73%, more than BLK's 2.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLK BlackRock, Inc. | 2.12% | 1.95% | 1.99% | 2.46% | 2.75% | 1.80% | 2.01% | 2.63% | 3.08% | 1.95% | 2.41% | 2.56% |
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. BLK - Financials Comparison
This section allows you to compare key financial metrics between Chevron Corporation and BlackRock, 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. BLK - 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%.
BLK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BlackRock, Inc. reported a gross profit of 5.51B and revenue of 6.77B. Therefore, the gross margin over that period was 81.4%.
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%.
BLK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BlackRock, Inc. reported an operating income of 2.33B and revenue of 6.77B, resulting in an operating margin of 34.5%.
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%.
BLK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BlackRock, Inc. reported a net income of 2.21B and revenue of 6.77B, resulting in a net margin of 32.7%.
Frequently Asked Questions
CVX and BLK have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLK has higher volatility (8.55%) compared to CVX (7.62%). In terms of maximum drawdown, CVX dropped -55.77% vs BLK's -60.36%.
CVX currently has the higher Sharpe Ratio (1.57 vs 0.26), 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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