CVX vs. VZ
CVX (Chevron Corporation) and VZ (Verizon Communications Inc.) are both stocks. CVX operates in Oil & Gas Integrated (Energy), while VZ operates in Telecom Services (Communication Services). Over the past 10 years, CVX returned 10.72%/yr vs 4.07%/yr for VZ. At a 0.33 correlation, their price movements are largely independent.
Performance
CVX vs. VZ - Performance Comparison
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Returns By Period
In the year-to-date period, CVX achieves a 25.24% return, which is significantly higher than VZ's 15.03% return. Over the past 10 years, CVX has outperformed VZ with an annualized return of 10.72%, while VZ has yielded a comparatively lower 4.07% annualized return.
CVX
- 1D
- -0.55%
- 1M
- 4.08%
- YTD
- 25.24%
- 6M
- 27.25%
- 1Y
- 39.19%
- 3Y*
- 10.91%
- 5Y*
- 16.22%
- 10Y*
- 10.72%
VZ
- 1D
- 1.11%
- 1M
- -3.92%
- YTD
- 15.03%
- 6M
- 12.38%
- 1Y
- 10.56%
- 3Y*
- 16.97%
- 5Y*
- 1.55%
- 10Y*
- 4.07%
CVX vs. VZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVX Chevron Corporation | 25.24% | 10.10% | 1.29% | -13.63% | 58.46% | 46.24% | -25.95% | 15.27% | -9.75% | 10.59% |
VZ Verizon Communications Inc. | 15.03% | 8.86% | 13.14% | 2.71% | -20.02% | -7.55% | -0.13% | 13.83% | 11.26% | 3.97% |
Correlation
The correlation between CVX and VZ is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2001 | 0.33 |
The correlation between CVX and VZ shifts across timeframes, from 0.13 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CVX:
$371.98B
VZ:
$191.01B
CVX:
$5.75
VZ:
$4.10
CVX:
32.55
VZ:
11.06
CVX:
1.93
VZ:
1.38
CVX:
2.02
VZ:
1.85
CVX:
$185.89B
VZ:
$139.15B
CVX:
$47.27B
VZ:
$81.89B
CVX:
$40.44B
VZ:
$48.65B
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Return for Risk
CVX vs. VZ — Risk / Return Rank
CVX
VZ
CVX vs. VZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Chevron Corporation (CVX) and Verizon Communications Inc. (VZ). 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 | VZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.12 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 0.89 | +2.16 |
| Martin ratioReturn relative to average drawdown | 7.76 | 1.91 | +5.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CVX | VZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 0.53 | +1.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.07 | +0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.20 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.20 | +0.18 |
Drawdowns
CVX vs. VZ - Drawdown Comparison
The maximum CVX drawdown since its inception was -55.77%, which is greater than VZ's maximum drawdown of -50.66%. Use the drawdown chart below to compare losses from any high point for CVX and VZ.
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Drawdown Indicators
| CVX | VZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.77% | -50.66% | -5.11% |
Max Drawdown (1Y)Largest decline over 1 year | -13.99% | -13.32% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | -14.93% | -5.71% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -38.38% | +13.43% |
Max Drawdown (10Y)Largest decline over 10 years | -55.77% | -41.21% | -14.56% |
Current DrawdownCurrent decline from peak | -10.48% | -10.37% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -11.39% | -14.83% | +3.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 6.20% | -0.70% |
Volatility
CVX vs. VZ - Volatility Comparison
Chevron Corporation (CVX) has a higher volatility of 7.27% compared to Verizon Communications Inc. (VZ) at 6.17%. This indicates that CVX's price experiences larger fluctuations and is considered to be riskier than VZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVX | VZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.27% | 6.17% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 17.77% | 17.96% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.03% | 22.57% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.12% | 21.60% | +3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.15% | 20.35% | +8.80% |
Dividends
CVX vs. VZ - Dividend Comparison
CVX's dividend yield for the trailing twelve months is around 3.73%, less than VZ's 6.09% 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% |
VZ Verizon Communications Inc. | 6.09% | 6.68% | 6.68% | 6.96% | 6.53% | 4.85% | 4.21% | 3.95% | 4.22% | 4.39% | 4.26% | 4.79% |
Financials
CVX vs. VZ - Financials Comparison
This section allows you to compare key financial metrics between Chevron Corporation and Verizon Communications 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. VZ - 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%.
VZ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Verizon Communications Inc. reported a gross profit of 20.77B and revenue of 34.44B. Therefore, the gross margin over that period was 60.3%.
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%.
VZ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Verizon Communications Inc. reported an operating income of 8.24B and revenue of 34.44B, resulting in an operating margin of 23.9%.
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%.
VZ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Verizon Communications Inc. reported a net income of 5.05B and revenue of 34.44B, resulting in a net margin of 14.7%.
Frequently Asked Questions
CVX and VZ 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.
CVX has higher volatility (7.27%) compared to VZ (6.17%). In terms of maximum drawdown, CVX dropped -55.77% vs VZ's -50.66%.
CVX currently has the higher Sharpe Ratio (1.94 vs 0.53), 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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