CVX vs. WMT
CVX (Chevron Corporation) and WMT (Walmart Inc.) are both stocks. CVX operates in Oil & Gas Integrated (Energy), while WMT operates in Discount Stores (Consumer Defensive). Over the past 10 years, CVX returned 10.98%/yr vs 19.62%/yr for WMT. At a 0.24 correlation, their price movements are largely independent.
Performance
CVX vs. WMT - Performance Comparison
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Returns By Period
In the year-to-date period, CVX achieves a 26.53% return, which is significantly higher than WMT's 7.98% return. Over the past 10 years, CVX has underperformed WMT with an annualized return of 10.98%, while WMT has yielded a comparatively higher 19.62% 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%
WMT
- 1D
- 0.80%
- 1M
- -8.13%
- YTD
- 7.98%
- 6M
- 6.15%
- 1Y
- 23.97%
- 3Y*
- 34.37%
- 5Y*
- 22.47%
- 10Y*
- 19.62%
CVX vs. WMT - 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% |
WMT Walmart Inc. | 7.98% | 24.49% | 73.99% | 12.88% | -0.46% | 1.97% | 23.32% | 30.16% | -3.43% | 46.56% |
Correlation
The correlation between CVX and WMT is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2001 | 0.24 |
The correlation between CVX and WMT shifts across timeframes, from -0.03 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CVX:
$375.81B
WMT:
$958.52B
CVX:
$5.75
WMT:
$2.88
CVX:
32.89
WMT:
41.62
CVX:
3.20
WMT:
2.72
CVX:
1.95
WMT:
1.32
CVX:
2.05
WMT:
10.16
CVX:
$185.89B
WMT:
$725.31B
CVX:
$47.27B
WMT:
$181.16B
CVX:
$40.44B
WMT:
$44.32B
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Return for Risk
CVX vs. WMT — Risk / Return Rank
CVX
WMT
CVX vs. WMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Chevron Corporation (CVX) and Walmart Inc. (WMT). 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 | WMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.20 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 1.53 | +1.39 |
| Martin ratioReturn relative to average drawdown | 7.37 | 5.02 | +2.35 |
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 | WMT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 1.02 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 1.04 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.91 | -0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.64 | -0.26 |
Drawdowns
CVX vs. WMT - Drawdown Comparison
The maximum CVX drawdown since its inception was -55.77%, smaller than the maximum WMT drawdown of -77.14%. Use the drawdown chart below to compare losses from any high point for CVX and WMT.
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Drawdown Indicators
| CVX | WMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.77% | -77.14% | +21.37% |
Max Drawdown (1Y)Largest decline over 1 year | -13.99% | -15.75% | +1.76% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | -21.93% | +1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -25.74% | +0.79% |
Max Drawdown (10Y)Largest decline over 10 years | -55.77% | -25.74% | -30.03% |
Current DrawdownCurrent decline from peak | -9.56% | -10.71% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -11.39% | -14.63% | +3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.53% | 4.79% | +0.74% |
Volatility
CVX vs. WMT - Volatility Comparison
The current volatility for Chevron Corporation (CVX) is 7.14%, while Walmart Inc. (WMT) has a volatility of 10.26%. This indicates that CVX experiences smaller price fluctuations and is considered to be less risky than WMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVX | WMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.14% | 10.26% | -3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 17.78% | 18.59% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.97% | 23.72% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.13% | 21.68% | +3.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.16% | 21.73% | +7.43% |
Dividends
CVX vs. WMT - Dividend Comparison
CVX's dividend yield for the trailing twelve months is around 3.69%, more than WMT's 0.81% 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% |
WMT Walmart Inc. | 0.81% | 0.84% | 0.92% | 1.45% | 1.58% | 1.52% | 1.50% | 1.78% | 2.23% | 2.07% | 2.89% | 3.20% |
Financials
CVX vs. WMT - Financials Comparison
This section allows you to compare key financial metrics between Chevron Corporation and Walmart 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. WMT - 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%.
WMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Walmart Inc. reported a gross profit of 44.69B and revenue of 177.75B. Therefore, the gross margin over that period was 25.1%.
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%.
WMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Walmart Inc. reported an operating income of 7.49B and revenue of 177.75B, resulting in an operating margin of 4.2%.
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%.
WMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Walmart Inc. reported a net income of 5.65B and revenue of 177.75B, resulting in a net margin of 3.2%.
Frequently Asked Questions
CVX and WMT have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WMT has higher volatility (10.26%) compared to CVX (7.14%). In terms of maximum drawdown, CVX dropped -55.77% vs WMT's -77.14%.
CVX currently has the higher Sharpe Ratio (1.86 vs 1.02), 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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