CVX vs. DLN
CVX (Chevron Corporation) is a stock, while DLN (WisdomTree US LargeCap Dividend ETF) is Large Cap Growth Equities fund tracking the WisdomTree LargeCap Dividend Index. Over the past 10 years, CVX returned 10.94%/yr vs 12.82%/yr for DLN. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
CVX vs. DLN - 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 DLN's 10.67% return. Over the past 10 years, CVX has underperformed DLN with an annualized return of 10.94%, while DLN has yielded a comparatively higher 12.82% 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%
DLN
- 1D
- 0.74%
- 1M
- 2.26%
- YTD
- 10.67%
- 6M
- 10.77%
- 1Y
- 21.75%
- 3Y*
- 17.97%
- 5Y*
- 12.38%
- 10Y*
- 12.82%
CVX vs. DLN - 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% |
DLN WisdomTree US LargeCap Dividend ETF | 10.67% | 15.53% | 19.66% | 9.95% | -3.78% | 25.60% | 4.59% | 28.91% | -5.82% | 18.22% |
Correlation
The correlation between CVX and DLN is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2006 | 0.60 |
Over the past year, the correlation between CVX and DLN has dropped to 0.09 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
CVX vs. DLN — Risk / Return Rank
CVX
DLN
CVX vs. DLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Chevron Corporation (CVX) and WisdomTree US LargeCap Dividend ETF (DLN). 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 | DLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.43 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 3.58 | -1.10 |
| Martin ratioReturn relative to average drawdown | 6.10 | 15.07 | -8.98 |
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Drawdowns
CVX vs. DLN - Drawdown Comparison
The maximum CVX drawdown since its inception was -55.77%, roughly equal to the maximum DLN drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for CVX and DLN.
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Drawdown Indicators
| CVX | DLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.77% | -57.84% | +2.07% |
Max Drawdown (1Y)Largest decline over 1 year | -13.99% | -6.10% | -7.89% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | -13.71% | -6.93% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -16.26% | -8.69% |
Max Drawdown (10Y)Largest decline over 10 years | -55.77% | -35.82% | -19.95% |
Current DrawdownCurrent decline from peak | -10.52% | -0.08% | -10.44% |
Average DrawdownAverage peak-to-trough decline | -11.39% | -7.51% | -3.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.68% | 1.45% | +4.23% |
Volatility
CVX vs. DLN - Volatility Comparison
Chevron Corporation (CVX) has a higher volatility of 7.62% compared to WisdomTree US LargeCap Dividend ETF (DLN) at 2.77%. This indicates that CVX's price experiences larger fluctuations and is considered to be riskier than DLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVX | DLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 2.77% | +4.85% |
Volatility (6M)Calculated over the trailing 6-month period | 17.86% | 6.98% | +10.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.06% | 9.03% | +13.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.15% | 13.29% | +11.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.16% | 16.16% | +13.00% |
Dividends
CVX vs. DLN - Dividend Comparison
CVX's dividend yield for the trailing twelve months is around 3.73%, more than DLN's 1.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
DLN WisdomTree US LargeCap Dividend ETF | 1.78% | 1.90% | 2.00% | 2.43% | 2.53% | 2.01% | 2.66% | 2.51% | 2.90% | 2.33% | 2.64% | 2.80% |
Frequently Asked Questions
CVX and DLN have a correlation of 0.09, 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 DLN (2.77%). In terms of maximum drawdown, CVX dropped -55.77% vs DLN's -57.84%.
DLN currently has the higher Sharpe Ratio (2.42 vs 1.57), 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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