CVX vs. RY.TO
CVX (Chevron Corporation) and RY.TO (Royal Bank of Canada) are both stocks. CVX operates in Oil & Gas Integrated (Energy), while RY.TO operates in Banks - Diversified (Financial Services). Over the past 10 years, CVX returned 10.94%/yr vs 17.12%/yr for RY.TO. At a 0.35 correlation, their price movements are largely independent.
Performance
CVX vs. RY.TO - Performance Comparison
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Different Trading Currencies
CVX is traded in USD, while RY.TO is traded in CAD. To make them comparable, the RY.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CVX achieves a 25.18% return, which is significantly higher than RY.TO's 18.47% return. Over the past 10 years, CVX has underperformed RY.TO with an annualized return of 10.94%, while RY.TO has yielded a comparatively higher 17.12% annualized return.
CVX
- 1D
- 0.75%
- 1M
- -1.13%
- YTD
- 25.18%
- 6M
- 27.20%
- 1Y
- 33.69%
- 3Y*
- 10.25%
- 5Y*
- 16.33%
- 10Y*
- 10.94%
RY.TO
- 1D
- 0.18%
- 1M
- 8.50%
- YTD
- 18.47%
- 6M
- 22.15%
- 1Y
- 61.13%
- 3Y*
- 33.54%
- 5Y*
- 18.10%
- 10Y*
- 17.12%
CVX vs. RY.TO - 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% |
RY.TO Royal Bank of Canada | 18.47% | 46.28% | 23.88% | 12.48% | -7.39% | 33.15% | 9.11% | 19.24% | -12.83% | 25.63% |
Correlation
The correlation between CVX and RY.TO is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.35 |
The correlation between CVX and RY.TO shifts across timeframes, from -0.13 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CVX:
$371.80B
RY.TO:
CA$389.54B
CVX:
$5.75
RY.TO:
CA$15.77
CVX:
32.54
RY.TO:
17.69
CVX:
3.17
RY.TO:
2.60
CVX:
1.93
RY.TO:
3.25
CVX:
2.02
RY.TO:
3.01
CVX:
$185.89B
RY.TO:
CA$120.33B
CVX:
$47.27B
RY.TO:
CA$65.64B
CVX:
$40.44B
RY.TO:
CA$14.74B
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Return for Risk
CVX vs. RY.TO — Risk / Return Rank
CVX
RY.TO
CVX vs. RY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Chevron Corporation (CVX) and Royal Bank of Canada (RY.TO). 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 | RY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.59 | ||
| Sortino ratioReturn per unit of downside risk | -3.91 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.74 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 6.18 | -3.69 |
| Martin ratioReturn relative to average drawdown | 6.10 | 22.81 | -16.72 |
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Drawdowns
CVX vs. RY.TO - Drawdown Comparison
The maximum CVX drawdown since its inception was -55.77%, smaller than the maximum RY.TO drawdown of -63.01%. Use the drawdown chart below to compare losses from any high point for CVX and RY.TO.
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Drawdown Indicators
| CVX | RY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.77% | -63.01% | +7.24% |
Max Drawdown (1Y)Largest decline over 1 year | -13.99% | -9.82% | -4.17% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | -19.58% | -1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -28.47% | +3.52% |
Max Drawdown (10Y)Largest decline over 10 years | -55.77% | -39.33% | -16.44% |
Current DrawdownCurrent decline from peak | -10.52% | 0.00% | -10.52% |
Average DrawdownAverage peak-to-trough decline | -11.39% | -9.84% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.68% | 2.65% | +3.03% |
Volatility
CVX vs. RY.TO - Volatility Comparison
Chevron Corporation (CVX) has a higher volatility of 7.62% compared to Royal Bank of Canada (RY.TO) at 4.32%. This indicates that CVX's price experiences larger fluctuations and is considered to be riskier than RY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVX | RY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 4.32% | +3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 17.86% | 10.83% | +7.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.06% | 14.58% | +7.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.15% | 16.55% | +8.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.16% | 18.66% | +10.50% |
Dividends
CVX vs. RY.TO - Dividend Comparison
CVX's dividend yield for the trailing twelve months is around 3.73%, more than RY.TO's 2.28% 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% |
RY.TO Royal Bank of Canada | 2.28% | 2.58% | 3.23% | 3.99% | 3.90% | 3.22% | 4.10% | 3.96% | 4.03% | 3.39% | 3.57% | 4.15% |
Financials
CVX vs. RY.TO - Financials Comparison
This section allows you to compare key financial metrics between Chevron Corporation and Royal Bank of Canada. 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. RY.TO - 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%.
RY.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Royal Bank of Canada reported a gross profit of 16.52B and revenue of 33.95B. Therefore, the gross margin over that period was 48.7%.
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%.
RY.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Royal Bank of Canada reported an operating income of 7.10B and revenue of 33.95B, resulting in an operating margin of 20.9%.
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%.
RY.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Royal Bank of Canada reported a net income of 5.51B and revenue of 33.95B, resulting in a net margin of 16.2%.
Frequently Asked Questions
CVX and RY.TO have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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