CVX vs. CF
CVX (Chevron Corporation) and CF (CF Industries Holdings, Inc.) are both stocks. CVX operates in Oil & Gas Integrated (Energy), while CF operates in Agricultural Inputs (Basic Materials). Over the past 10 years, CVX returned 11.68%/yr vs 20.99%/yr for CF. Their 0.43 correlation means their historical movements had little consistent relationship.
Performance
CVX vs. CF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CVX achieves a 31.60% return, which is significantly lower than CF's 63.40% return. Over the past 10 years, CVX has underperformed CF with an annualized return of 11.68%, while CF has yielded a comparatively higher 20.99% annualized return.
CVX
- 1D
- 2.35%
- 1M
- 18.79%
- 6M
- 13.38%
- YTD
- 31.60%
- 1Y
- 35.24%
- 3Y*
- 11.23%
- 5Y*
- 18.87%
- 10Y*
- 11.68%
- ALL TIME*
- 10.44%
CF
- 1D
- -0.46%
- 1M
- 15.75%
- 6M
- 35.55%
- YTD
- 63.40%
- 1Y
- 37.75%
- 3Y*
- 18.16%
- 5Y*
- 24.12%
- 10Y*
- 20.99%
- ALL TIME*
- 21.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $259.19M | $278.77M | $321.72M | |
| $1.44B | $1.41B | $1.67B |
CVX vs. CF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVX Chevron Corporation | 31.60% | 10.10% | 1.29% | -13.63% | 58.46% | 46.24% | -25.95% | 15.27% | -9.75% | 10.59% |
CF CF Industries Holdings, Inc. | 63.40% | -7.17% | 10.08% | -4.75% | 22.29% | 87.18% | -15.76% | 12.73% | 5.13% | 40.24% |
Correlation
The correlation between CVX and CF is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2005 | 0.43 |
The correlation between CVX and CF has been stable across timeframes, ranging from 0.43 to 0.50 - a consistent structural relationship.
Fundamentals
CVX:
$392.09B
CF:
$19.23B
CVX:
$10.42
CF:
$11.18
CVX:
18.89
CF:
11.20
CVX:
1.84
CF:
0.18
CVX:
1.86
CF:
2.66
CVX:
2.05
CF:
2.34
CVX:
$208.71B
CF:
$7.41B
CVX:
$64.69B
CF:
$2.99B
CVX:
$55.77B
CF:
$2.60B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CVX vs. CF — Risk / Return Rank
CVX
CF
CVX vs. CF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Chevron Corporation (CVX) 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.
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 | CF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.18 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.49 | +0.21 |
| Martin ratioReturn relative to average drawdown | 4.61 | 3.31 | +1.30 |
Loading charts...
Drawdowns
CVX vs. CF - Drawdown Comparison
The maximum CVX drawdown since its inception was -55.77%, smaller than the maximum CF drawdown of -76.73%. Use the drawdown chart below to compare losses from any high point for CVX and CF.
Loading charts...
Drawdown Indicators
| CVX | CF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.77% | -76.73% | +20.96% |
Max Drawdown (1Y)Largest decline over 1 year | -20.81% | -25.45% | +4.64% |
Max Drawdown (3Y)Largest decline over 3 years | -20.81% | -29.16% | +8.35% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -48.36% | +23.41% |
Max Drawdown (10Y)Largest decline over 10 years | -55.77% | -60.74% | +4.97% |
Current DrawdownCurrent decline from peak | -5.93% | -8.65% | +2.72% |
Average DrawdownAverage peak-to-trough decline | -11.40% | -24.87% | +13.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.66% | 11.44% | -3.78% |
Volatility
CVX vs. CF - Volatility Comparison
The current volatility for Chevron Corporation (CVX) is 6.84%, while CF Industries Holdings, Inc. (CF) has a volatility of 10.07%. This indicates that CVX 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.
Loading charts...
Volatility by Period
| CVX | CF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.84% | 10.07% | -3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 18.21% | 35.61% | -17.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.82% | 42.03% | -19.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.15% | 38.14% | -12.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.24% | 40.08% | -10.84% |
Dividends
CVX vs. CF - Dividend Comparison
CVX's dividend yield for the trailing twelve months is around 3.55%, more than CF's 1.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CF CF Industries Holdings, Inc. | 1.60% | 2.59% | 2.34% | 2.01% | 1.76% | 1.70% | 3.10% | 2.51% | 2.76% | 2.82% | 3.81% | 2.94% |
CVX Chevron Corporation | 3.55% | 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. CF - Financials Comparison
This section allows you to compare key financial metrics between Chevron Corporation 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
CVX vs. CF - Profitability Comparison
CVX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Chevron Corporation reported a gross profit of 30.59B and revenue of 67.20B. Therefore, the gross margin over that period was 45.5%.
CF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
CVX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Chevron Corporation reported an operating income of 21.48B and revenue of 67.20B, resulting in an operating margin of 32.0%.
CF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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%.
CVX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Chevron Corporation reported a net income of 12.07B and revenue of 67.20B, resulting in a net margin of 18.0%.
CF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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
CVX and CF have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CF has higher volatility (10.07%) compared to CVX (6.84%). In terms of maximum drawdown, CVX dropped -55.77% vs CF's -76.73%.
CVX currently has the higher Sharpe Ratio (1.55 vs 0.90), 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.
Find the right allocation for CVX and CF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer