CVX vs. VTI

Last updated Jun 9, 2026

CVX (Chevron Corporation) is a stock, while VTI (Vanguard Total Stock Market ETF) is Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Over the past 10 years, CVX returned 10.98%/yr vs 14.84%/yr for VTI. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

CVX vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Chevron Corporation (CVX) and Vanguard Total Stock Market ETF (VTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CVX achieves a 26.53% return, which is significantly higher than VTI's 9.05% return. Over the past 10 years, CVX has underperformed VTI with an annualized return of 10.98%, while VTI has yielded a comparatively higher 14.84% 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%

VTI

• 1D: 0.30%
• 1M: 0.44%
• YTD: 9.05%
• 6M: 8.94%
• 1Y: 24.96%
• 3Y*: 21.05%
• 5Y*: 12.25%
• 10Y*: 14.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CVX vs. VTI - 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%
VTI Vanguard Total Stock Market ETF	9.05%	17.10%	23.81%	26.05%	-19.52%	25.68%	21.08%	30.67%	-5.23%	21.21%

Correlation

The correlation between CVX and VTI is -0.14, 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	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Oct 19, 2001	0.55

The correlation between CVX and VTI shifts across timeframes, from -0.14 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CVX vs. VTI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CVX

CVX Risk / Return Rank: 84
CVX Sharpe Ratio Rank: 87
CVX Sortino Ratio Rank: 83
CVX Omega Ratio Rank: 82
CVX Calmar Ratio Rank: 83
CVX Martin Ratio Rank: 83

VTI

VTI Risk / Return Rank: 68
VTI Sharpe Ratio Rank: 68
VTI Sortino Ratio Rank: 66
VTI Omega Ratio Rank: 68
VTI Calmar Ratio Rank: 62
VTI Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CVX vs. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Chevron Corporation (CVX) and Vanguard Total Stock Market ETF (VTI). 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	VTI	Difference
Sharpe ratio: Return per unit of total volatility	1.86	2.02	-0.16
Sortino ratio: Return per unit of downside risk	2.45	2.73	-0.28
Omega ratio: Gain probability vs. loss probability	1.32	1.36	-0.04
Calmar ratio: Return relative to maximum drawdown	2.92	2.81	+0.11
Martin ratio: Return relative to average drawdown	7.37	12.85	-5.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CVX vs. VTI - Sharpe Ratio Comparison

The current CVX Sharpe Ratio is 1.86, which is comparable to the VTI Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of CVX and VTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CVX	VTI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	2.02	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.71	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	0.81	-0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.50	-0.13

Drawdowns

CVX vs. VTI - Drawdown Comparison

The maximum CVX drawdown since its inception was -55.77%, roughly equal to the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for CVX and VTI.

Drawdown Indicators

	CVX	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-55.77%	-55.45%	-0.32%
Max Drawdown (1Y) Largest decline over 1 year	-13.99%	-8.92%	-5.07%
Max Drawdown (3Y) Largest decline over 3 years	-20.64%	-19.30%	-1.34%
Max Drawdown (5Y) Largest decline over 5 years	-24.95%	-25.36%	+0.41%
Max Drawdown (10Y) Largest decline over 10 years	-55.77%	-35.00%	-20.77%
Current Drawdown Current decline from peak	-9.56%	-2.64%	-6.92%
Average Drawdown Average peak-to-trough decline	-11.39%	-8.02%	-3.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.53%	1.95%	+3.58%

Volatility

CVX vs. VTI - Volatility Comparison

Chevron Corporation (CVX) has a higher volatility of 7.14% compared to Vanguard Total Stock Market ETF (VTI) at 3.88%. This indicates that CVX's price experiences larger fluctuations and is considered to be riskier than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CVX	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.14%	3.88%	+3.26%
Volatility (6M) Calculated over the trailing 6-month period	17.78%	9.55%	+8.23%
Volatility (1Y) Calculated over the trailing 1-year period	21.97%	12.44%	+9.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.13%	17.44%	+7.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.16%	18.33%	+10.83%

Dividends

CVX vs. VTI - Dividend Comparison

CVX's dividend yield for the trailing twelve months is around 3.69%, more than VTI's 1.03% 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%
VTI Vanguard Total Stock Market ETF	1.03%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both CVX and VTI in my portfolio?

CVX and VTI have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CVX or VTI?

CVX has higher volatility (7.14%) compared to VTI (3.88%). In terms of maximum drawdown, CVX dropped -55.77% vs VTI's -55.45%.

Which has better risk-adjusted returns?

VTI currently has the higher Sharpe Ratio (2.02 vs 1.86), 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.