CVX vs. ULTY
CVX (Chevron Corporation) is a stock, while ULTY (YieldMax Ultra Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past year, CVX returned 34.55% vs 3.61% for ULTY. At a 0.03 correlation, their price movements are largely independent.
Performance
CVX vs. ULTY - 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 ULTY's 8.80% return.
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%
ULTY
- 1D
- 1.04%
- 1M
- -0.81%
- YTD
- 8.80%
- 6M
- 8.04%
- 1Y
- 3.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CVX vs. ULTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CVX Chevron Corporation | 25.18% | 10.10% | -1.90% |
ULTY YieldMax Ultra Option Income Strategy ETF | 8.80% | -0.84% | -4.73% |
Correlation
The correlation between CVX and ULTY is -0.10, 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 | -0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024 | 0.03 |
The correlation between CVX and ULTY shifts across timeframes, from -0.10 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CVX vs. ULTY — Risk / Return Rank
CVX
ULTY
CVX vs. ULTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Chevron Corporation (CVX) and YieldMax Ultra Option Income Strategy ETF (ULTY). 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 | ULTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.05 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 0.15 | +2.33 |
| Martin ratioReturn relative to average drawdown | 6.10 | 0.29 | +5.81 |
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Drawdowns
CVX vs. ULTY - Drawdown Comparison
The maximum CVX drawdown since its inception was -55.77%, which is greater than ULTY's maximum drawdown of -26.85%. Use the drawdown chart below to compare losses from any high point for CVX and ULTY.
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Drawdown Indicators
| CVX | ULTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.77% | -26.85% | -28.92% |
Max Drawdown (1Y)Largest decline over 1 year | -13.99% | -24.16% | +10.17% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -55.77% | — | — |
Current DrawdownCurrent decline from peak | -10.52% | -10.79% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -11.39% | -9.90% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.68% | 12.47% | -6.79% |
Volatility
CVX vs. ULTY - Volatility Comparison
The current volatility for Chevron Corporation (CVX) is 7.62%, while YieldMax Ultra Option Income Strategy ETF (ULTY) has a volatility of 8.04%. This indicates that CVX experiences smaller price fluctuations and is considered to be less risky than ULTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVX | ULTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 8.04% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 17.86% | 16.40% | +1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.06% | 21.55% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.15% | 27.32% | -2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.16% | 27.32% | +1.84% |
Dividends
CVX vs. ULTY - Dividend Comparison
CVX's dividend yield for the trailing twelve months is around 3.73%, less than ULTY's 113.38% 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% |
ULTY YieldMax Ultra Option Income Strategy ETF | 113.38% | 142.99% | 111.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CVX and ULTY have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ULTY has higher volatility (8.04%) compared to CVX (7.62%). In terms of maximum drawdown, CVX dropped -55.77% vs ULTY's -26.85%.
CVX currently has the higher Sharpe Ratio (1.57 vs 0.17), 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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