CVX vs. GD
CVX (Chevron Corporation) and GD (General Dynamics Corporation) are both stocks. Over the past 10 years, CVX returned 10.76%/yr vs 12.36%/yr for GD. At a 0.41 correlation, their price movements are largely independent.
Performance
CVX vs. GD - Performance Comparison
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Returns By Period
In the year-to-date period, CVX achieves a 24.24% return, which is significantly higher than GD's 7.53% return. Over the past 10 years, CVX has underperformed GD with an annualized return of 10.76%, while GD has yielded a comparatively higher 12.36% annualized return.
CVX
- 1D
- -2.10%
- 1M
- 0.85%
- YTD
- 24.24%
- 6M
- 25.63%
- 1Y
- 33.72%
- 3Y*
- 10.25%
- 5Y*
- 16.15%
- 10Y*
- 10.76%
GD
- 1D
- 5.22%
- 1M
- 3.58%
- YTD
- 7.53%
- 6M
- 6.01%
- 1Y
- 32.49%
- 3Y*
- 21.43%
- 5Y*
- 15.84%
- 10Y*
- 12.36%
CVX vs. GD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVX Chevron Corporation | 24.24% | 10.10% | 1.29% | -13.63% | 58.46% | 46.24% | -25.95% | 15.27% | -9.75% | 10.59% |
GD General Dynamics Corporation | 7.53% | 30.39% | 3.52% | 7.13% | 21.69% | 43.77% | -13.14% | 14.80% | -21.34% | 19.85% |
Correlation
The correlation between CVX and GD is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2001 | 0.41 |
Over the past year, the correlation between CVX and GD has dropped to 0.15 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
Fundamentals
CVX:
$369.02B
GD:
$98.36B
CVX:
$5.75
GD:
$15.92
CVX:
32.29
GD:
22.54
CVX:
3.14
GD:
2.85
CVX:
1.91
GD:
1.82
CVX:
2.01
GD:
3.77
CVX:
$185.89B
GD:
$53.81B
CVX:
$47.27B
GD:
$7.48B
CVX:
$40.44B
GD:
$6.26B
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Return for Risk
CVX vs. GD — Risk / Return Rank
CVX
GD
CVX vs. GD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Chevron Corporation (CVX) and General Dynamics Corporation (GD). 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 | GD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 2.25 | +0.18 |
| Martin ratioReturn relative to average drawdown | 5.99 | 7.71 | -1.72 |
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Drawdowns
CVX vs. GD - Drawdown Comparison
The maximum CVX drawdown since its inception was -55.77%, smaller than the maximum GD drawdown of -75.67%. Use the drawdown chart below to compare losses from any high point for CVX and GD.
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Drawdown Indicators
| CVX | GD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.77% | -75.67% | +19.90% |
Max Drawdown (1Y)Largest decline over 1 year | -13.99% | -14.53% | +0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | -22.55% | +1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -22.55% | -2.40% |
Max Drawdown (10Y)Largest decline over 10 years | -55.77% | -51.63% | -4.14% |
Current DrawdownCurrent decline from peak | -11.19% | -1.87% | -9.32% |
Average DrawdownAverage peak-to-trough decline | -11.39% | -15.61% | +4.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.64% | 4.23% | +1.41% |
Volatility
CVX vs. GD - Volatility Comparison
Chevron Corporation (CVX) and General Dynamics Corporation (GD) have volatilities of 7.58% and 7.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVX | GD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.58% | 7.89% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 17.94% | 17.92% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.07% | 21.68% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.16% | 20.55% | +4.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.16% | 22.77% | +6.39% |
Dividends
CVX vs. GD - Dividend Comparison
CVX's dividend yield for the trailing twelve months is around 3.76%, more than GD's 1.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVX Chevron Corporation | 3.76% | 4.49% | 4.50% | 4.05% | 3.16% | 4.52% | 6.11% | 3.95% | 4.12% | 3.45% | 3.64% | 4.76% |
GD General Dynamics Corporation | 1.70% | 1.76% | 2.12% | 2.01% | 2.00% | 2.24% | 2.90% | 2.26% | 2.31% | 1.61% | 1.72% | 1.96% |
Financials
CVX vs. GD - Financials Comparison
This section allows you to compare key financial metrics between Chevron Corporation and General Dynamics Corporation. 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. GD - 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%.
GD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, General Dynamics Corporation reported a gross profit of 1.42B and revenue of 13.48B. Therefore, the gross margin over that period was 10.5%.
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%.
GD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, General Dynamics Corporation reported an operating income of 1.42B and revenue of 13.48B, resulting in an operating margin of 10.5%.
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%.
GD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, General Dynamics Corporation reported a net income of 1.13B and revenue of 13.48B, resulting in a net margin of 8.4%.
Frequently Asked Questions
CVX and GD have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GD has higher volatility (7.89%) compared to CVX (7.58%). In terms of maximum drawdown, CVX dropped -55.77% vs GD's -75.67%.
CVX currently has the higher Sharpe Ratio (1.54 vs 1.51), 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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