CVX vs. FRO
CVX (Chevron Corporation) and FRO (Frontline Ltd.) are both stocks. CVX operates in Oil & Gas Integrated (Energy), while FRO operates in Marine Shipping (Industrials). Over the past 10 years, CVX returned 11.68%/yr vs 26.54%/yr for FRO. Their 0.35 correlation means their historical movements had little consistent relationship.
Performance
CVX vs. FRO - Performance Comparison
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Returns By Period
In the year-to-date period, CVX achieves a 31.60% return, which is significantly lower than FRO's 94.26% return. Over the past 10 years, CVX has underperformed FRO with an annualized return of 11.68%, while FRO has yielded a comparatively higher 26.54% 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%
FRO
- 1D
- 0.69%
- 1M
- 13.46%
- 6M
- 48.31%
- YTD
- 94.26%
- 1Y
- 135.73%
- 3Y*
- 45.97%
- 5Y*
- 49.01%
- 10Y*
- 26.54%
- ALL TIME*
- 7.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.44B | $1.41B | $1.67B | |
| $66.00M | $77.57M | $107.06M |
CVX vs. FRO - 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% |
FRO Frontline Ltd. | 94.26% | 61.17% | -22.48% | 96.23% | 73.67% | 13.67% | -41.47% | 134.59% | 20.48% | -32.17% |
Correlation
The correlation between CVX and FRO is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.29 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2001 | 0.35 |
Over the past year, the correlation between CVX and FRO has dropped to 0.11 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
Fundamentals
CVX:
$392.09B
FRO:
$8.76B
CVX:
$10.42
FRO:
$4.06
CVX:
18.89
FRO:
9.69
CVX:
1.86
FRO:
3.89
CVX:
2.05
FRO:
3.08
CVX:
$208.71B
FRO:
$2.25B
CVX:
$64.69B
FRO:
$933.72M
CVX:
$55.77B
FRO:
$1.21B
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Return for Risk
CVX vs. FRO — Risk / Return Rank
CVX
FRO
CVX vs. FRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Chevron Corporation (CVX) and Frontline Ltd. (FRO). 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 | FRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.43 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 6.38 | -4.68 |
| Martin ratioReturn relative to average drawdown | 4.61 | 16.21 | -11.60 |
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Drawdowns
CVX vs. FRO - Drawdown Comparison
The maximum CVX drawdown since its inception was -55.77%, smaller than the maximum FRO drawdown of -98.36%. Use the drawdown chart below to compare losses from any high point for CVX and FRO.
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Drawdown Indicators
| CVX | FRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.77% | -98.36% | +42.59% |
Max Drawdown (1Y)Largest decline over 1 year | -20.81% | -21.41% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -20.81% | -52.04% | +31.23% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -52.04% | +27.09% |
Max Drawdown (10Y)Largest decline over 10 years | -55.77% | -52.04% | -3.73% |
Current DrawdownCurrent decline from peak | -5.93% | -69.74% | +63.81% |
Average DrawdownAverage peak-to-trough decline | -11.40% | -67.85% | +56.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.66% | 8.41% | -0.75% |
Volatility
CVX vs. FRO - Volatility Comparison
The current volatility for Chevron Corporation (CVX) is 6.84%, while Frontline Ltd. (FRO) has a volatility of 12.24%. This indicates that CVX experiences smaller price fluctuations and is considered to be less risky than FRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVX | FRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.84% | 12.24% | -5.40% |
Volatility (6M)Calculated over the trailing 6-month period | 18.21% | 33.26% | -15.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.82% | 43.30% | -20.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.15% | 49.77% | -24.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.24% | 51.17% | -21.93% |
Dividends
CVX vs. FRO - Dividend Comparison
CVX's dividend yield for the trailing twelve months is around 3.55%, less than FRO's 7.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FRO Frontline Ltd. | 7.95% | 4.26% | 13.74% | 14.31% | 1.24% | 0.00% | 25.72% | 0.78% | 0.00% | 6.54% | 19.83% | 1.67% |
Financials
CVX vs. FRO - Financials Comparison
This section allows you to compare key financial metrics between Chevron Corporation and Frontline Ltd.. 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. FRO - 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%.
FRO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Frontline Ltd. reported a gross profit of 395.96M and revenue of 714.24M. Therefore, the gross margin over that period was 55.4%.
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%.
FRO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Frontline Ltd. reported an operating income of 370.04M and revenue of 714.24M, resulting in an operating margin of 51.8%.
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%.
FRO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Frontline Ltd. reported a net income of 559.12M and revenue of 714.24M, resulting in a net margin of 78.3%.
Frequently Asked Questions
CVX and FRO 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.
FRO has higher volatility (12.24%) compared to CVX (6.84%). In terms of maximum drawdown, CVX dropped -55.77% vs FRO's -98.36%.
FRO currently has the higher Sharpe Ratio (3.16 vs 1.55), 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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