CVX vs. IWN
CVX (Chevron Corporation) is a stock, while IWN (iShares Russell 2000 Value ETF) is Small Cap Value Equities fund tracking the Russell 2000 Value Index. Over the past 10 years, CVX returned 10.94%/yr vs 10.58%/yr for IWN. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
CVX vs. IWN - 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 IWN's 20.82% return. Both investments have delivered pretty close results over the past 10 years, with CVX having a 10.94% annualized return and IWN not far behind at 10.58%.
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%
IWN
- 1D
- 1.17%
- 1M
- 4.34%
- YTD
- 20.82%
- 6M
- 17.48%
- 1Y
- 42.26%
- 3Y*
- 17.41%
- 5Y*
- 6.89%
- 10Y*
- 10.58%
CVX vs. IWN - 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% |
IWN iShares Russell 2000 Value ETF | 20.82% | 12.40% | 7.63% | 14.56% | -14.77% | 27.96% | 4.66% | 22.01% | -13.01% | 7.69% |
Correlation
The correlation between CVX and IWN is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2001 | 0.53 |
The correlation between CVX and IWN shifts across timeframes, from -0.00 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CVX vs. IWN — Risk / Return Rank
CVX
IWN
CVX vs. IWN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Chevron Corporation (CVX) and iShares Russell 2000 Value ETF (IWN). 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 | IWN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.40 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 5.02 | -2.54 |
| Martin ratioReturn relative to average drawdown | 6.10 | 16.91 | -10.81 |
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Drawdowns
CVX vs. IWN - Drawdown Comparison
The maximum CVX drawdown since its inception was -55.77%, smaller than the maximum IWN drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for CVX and IWN.
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Drawdown Indicators
| CVX | IWN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.77% | -61.55% | +5.78% |
Max Drawdown (1Y)Largest decline over 1 year | -13.99% | -8.45% | -5.54% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | -26.70% | +6.06% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -26.70% | +1.75% |
Max Drawdown (10Y)Largest decline over 10 years | -55.77% | -46.08% | -9.69% |
Current DrawdownCurrent decline from peak | -10.52% | 0.00% | -10.52% |
Average DrawdownAverage peak-to-trough decline | -11.39% | -10.15% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.68% | 2.51% | +3.17% |
Volatility
CVX vs. IWN - Volatility Comparison
Chevron Corporation (CVX) has a higher volatility of 7.62% compared to iShares Russell 2000 Value ETF (IWN) at 5.80%. This indicates that CVX's price experiences larger fluctuations and is considered to be riskier than IWN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVX | IWN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 5.80% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 17.86% | 12.25% | +5.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.06% | 18.09% | +3.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.15% | 21.47% | +3.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.16% | 23.41% | +5.75% |
Dividends
CVX vs. IWN - Dividend Comparison
CVX's dividend yield for the trailing twelve months is around 3.73%, more than IWN's 1.42% 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% |
IWN iShares Russell 2000 Value ETF | 1.42% | 1.70% | 1.80% | 2.04% | 2.12% | 1.48% | 1.60% | 1.92% | 1.99% | 1.78% | 1.74% | 2.15% |
Frequently Asked Questions
CVX and IWN have a correlation of -0.00, 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 IWN (5.80%). In terms of maximum drawdown, CVX dropped -55.77% vs IWN's -61.55%.
IWN currently has the higher Sharpe Ratio (2.35 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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