CVX vs. CL=F

Last updated Jun 24, 2026

CVX (Chevron Corporation) is a stock, while CL=F (Crude Oil WTI) is an asset. At a 0.11 correlation, their price movements are largely independent.

Performance

CVX vs. CL=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Chevron Corporation (CVX) and Crude Oil WTI (CL=F). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CVX

• 1D: 0.53%
• 1M: -8.07%
• YTD: 17.66%
• 6M: 19.15%
• 1Y: 24.85%
• 3Y*: 9.68%
• 5Y*: 15.06%
• 10Y*: 10.19%

CL=F

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CVX vs. CL=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CVX Chevron Corporation	17.66%	10.10%	1.29%	-13.63%	42.37%
CL=F Crude Oil WTI	0.00%	0.00%	0.00%	0.00%	18.11%

Correlation

The correlation between CVX and CL=F is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	0.11

Return for Risk

CVX vs. CL=F — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CVX

CVX Risk / Return Rank: 70
CVX Sharpe Ratio Rank: 75
CVX Sortino Ratio Rank: 68
CVX Omega Ratio Rank: 67
CVX Calmar Ratio Rank: 69
CVX Martin Ratio Rank: 73

CL=F

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CVX vs. CL=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Chevron Corporation (CVX) and Crude Oil WTI (CL=F). 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	CL=F	Difference
Sharpe ratio: Return per unit of total volatility	1.11	—	—
Sortino ratio: Return per unit of downside risk	1.58	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.47	—	—
Martin ratio: Return relative to average drawdown	4.06	—	—

Drawdowns

Drawdown Indicators

	CVX	CL=F	Difference
Max Drawdown Largest peak-to-trough decline	-55.77%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-17.02%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-55.77%	—	—
Current Drawdown Current decline from peak	-15.89%	—	—
Average Drawdown Average peak-to-trough decline	-11.39%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.14%	—	—

Volatility

Volatility by Period

	CVX	CL=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.47%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.12%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.19%	—	—

Frequently Asked Questions

Can I hold both CVX and CL=F in my portfolio?

CVX and CL=F have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.