CVX vs. HCA
CVX (Chevron Corporation) and HCA (HCA Healthcare, Inc.) are both stocks. CVX operates in Oil & Gas Integrated (Energy), while HCA operates in Medical Care Facilities (Healthcare). Over the past 10 years, CVX returned 10.98%/yr vs 17.23%/yr for HCA. At a 0.29 correlation, their price movements are largely independent.
Performance
CVX vs. HCA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CVX achieves a 26.53% return, which is significantly higher than HCA's -22.49% return. Over the past 10 years, CVX has underperformed HCA with an annualized return of 10.98%, while HCA has yielded a comparatively higher 17.23% annualized return.
CVX
- 1D
- 1.03%
- 1M
- 5.15%
- YTD
- 26.53%
- 6M
- 29.68%
- 1Y
- 40.62%
- 3Y*
- 10.57%
- 5Y*
- 16.60%
- 10Y*
- 10.98%
HCA
- 1D
- -2.90%
- 1M
- -16.97%
- YTD
- -22.49%
- 6M
- -25.30%
- 1Y
- -5.36%
- 3Y*
- 10.82%
- 5Y*
- 12.59%
- 10Y*
- 17.23%
CVX vs. HCA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVX Chevron Corporation | 26.53% | 10.10% | 1.29% | -13.63% | 58.46% | 46.24% | -25.95% | 15.27% | -9.75% | 10.59% |
HCA HCA Healthcare, Inc. | -22.49% | 56.71% | 11.75% | 13.83% | -5.64% | 57.58% | 12.07% | 20.24% | 43.37% | 18.67% |
Correlation
The correlation between CVX and HCA is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2011 | 0.29 |
The correlation between CVX and HCA shifts across timeframes, from -0.15 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CVX:
$5.75
HCA:
$28.46
CVX:
32.89
HCA:
12.70
CVX:
3.20
HCA:
1.51
CVX:
1.95
HCA:
1.14
CVX:
$185.89B
HCA:
$75.60B
CVX:
$47.27B
HCA:
$31.37B
CVX:
$40.44B
HCA:
$15.60B
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. HCA — Risk / Return Rank
CVX
HCA
CVX vs. HCA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Chevron Corporation (CVX) and HCA Healthcare, Inc. (HCA). 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.
| CVX | HCA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.06 | ||
| Sortino ratioReturn per unit of downside risk | +2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.99 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | -0.16 | +3.08 |
| Martin ratioReturn relative to average drawdown | 7.37 | -0.51 | +7.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CVX | HCA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | -0.20 | +2.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.42 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.53 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.60 | -0.22 |
Drawdowns
CVX vs. HCA - Drawdown Comparison
The maximum CVX drawdown since its inception was -55.77%, roughly equal to the maximum HCA drawdown of -54.74%. Use the drawdown chart below to compare losses from any high point for CVX and HCA.
Loading charts...
Drawdown Indicators
| CVX | HCA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.77% | -54.74% | -1.03% |
Max Drawdown (1Y)Largest decline over 1 year | -13.99% | -33.62% | +19.63% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | -33.62% | +12.98% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -39.49% | +14.54% |
Max Drawdown (10Y)Largest decline over 10 years | -55.77% | -54.74% | -1.03% |
Current DrawdownCurrent decline from peak | -9.56% | -33.62% | +24.06% |
Average DrawdownAverage peak-to-trough decline | -11.39% | -11.03% | -0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.53% | 10.49% | -4.96% |
Volatility
CVX vs. HCA - Volatility Comparison
Chevron Corporation (CVX) and HCA Healthcare, Inc. (HCA) have volatilities of 7.14% and 7.50%, 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.
Loading charts...
Volatility by Period
| CVX | HCA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.14% | 7.50% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 17.78% | 21.36% | -3.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.97% | 27.25% | -5.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.13% | 29.85% | -4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.16% | 32.63% | -3.47% |
Dividends
CVX vs. HCA - Dividend Comparison
CVX's dividend yield for the trailing twelve months is around 3.69%, more than HCA's 0.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVX Chevron Corporation | 3.69% | 4.49% | 4.50% | 4.05% | 3.16% | 4.52% | 6.11% | 3.95% | 4.12% | 3.45% | 3.64% | 4.76% |
HCA HCA Healthcare, Inc. | 0.81% | 0.62% | 0.88% | 0.89% | 0.93% | 0.75% | 0.63% | 1.08% | 1.12% | 0.00% | 0.00% | 0.00% |
Financials
CVX vs. HCA - Financials Comparison
This section allows you to compare key financial metrics between Chevron Corporation and HCA Healthcare, 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. HCA - 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%.
HCA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HCA Healthcare, Inc. reported a gross profit of 8.18B and revenue of 19.51B. Therefore, the gross margin over that period was 41.9%.
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%.
HCA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HCA Healthcare, Inc. reported an operating income of 3.18B and revenue of 19.51B, resulting in an operating margin of 16.3%.
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%.
HCA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HCA Healthcare, Inc. reported a net income of 1.88B and revenue of 19.51B, resulting in a net margin of 9.6%.
Frequently Asked Questions
CVX and HCA 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.
HCA has higher volatility (7.50%) compared to CVX (7.14%). In terms of maximum drawdown, CVX dropped -55.77% vs HCA's -54.74%.
CVX currently has the higher Sharpe Ratio (1.86 vs -0.20), 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 HCA
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