DAL vs. CVX
DAL (Delta Air Lines, Inc.) and CVX (Chevron Corporation) are both stocks. DAL operates in Airlines (Industrials), while CVX operates in Oil & Gas Integrated (Energy). Over the past 10 years, DAL returned 11.09%/yr vs 9.47%/yr for CVX. At a 0.23 correlation, their price movements are largely independent.
Performance
DAL vs. CVX - Performance Comparison
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Returns By Period
In the year-to-date period, DAL achieves a 34.97% return, which is significantly higher than CVX's 12.64% return. Over the past 10 years, DAL has outperformed CVX with an annualized return of 11.09%, while CVX has yielded a comparatively lower 9.47% annualized return.
DAL
- 1D
- 0.65%
- 1M
- 12.96%
- YTD
- 34.97%
- 6M
- 34.72%
- 1Y
- 90.13%
- 3Y*
- 26.52%
- 5Y*
- 17.35%
- 10Y*
- 11.09%
CVX
- 1D
- -1.51%
- 1M
- -7.67%
- YTD
- 12.64%
- 6M
- 13.70%
- 1Y
- 22.07%
- 3Y*
- 6.70%
- 5Y*
- 14.58%
- 10Y*
- 9.47%
DAL vs. CVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DAL Delta Air Lines, Inc. | 34.97% | 16.09% | 52.00% | 23.03% | -15.92% | -2.81% | -30.77% | 20.38% | -8.66% | 16.23% |
CVX Chevron Corporation | 12.64% | 10.10% | 1.29% | -13.63% | 58.46% | 46.24% | -25.95% | 15.27% | -9.75% | 10.59% |
Correlation
The correlation between DAL and CVX is -0.22, 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 | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since May 3, 2007 | 0.23 |
The correlation between DAL and CVX shifts across timeframes, from -0.22 (1 year) to 0.23 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
DAL:
$60.75B
CVX:
$334.56B
DAL:
$6.85
CVX:
$5.57
DAL:
13.60
CVX:
30.24
DAL:
0.09
CVX:
2.94
DAL:
0.93
CVX:
1.79
DAL:
2.98
CVX:
1.82
DAL:
$65.18B
CVX:
$185.89B
DAL:
$17.07B
CVX:
$47.27B
DAL:
$9.66B
CVX:
$40.44B
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Return for Risk
DAL vs. CVX — Risk / Return Rank
DAL
CVX
DAL vs. CVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delta Air Lines, Inc. (DAL) and Chevron Corporation (CVX). 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.
| DAL | CVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.18 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 1.14 | +2.82 |
| Martin ratioReturn relative to average drawdown | 12.64 | 3.38 | +9.27 |
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Drawdowns
DAL vs. CVX - Drawdown Comparison
The maximum DAL drawdown since its inception was -81.93%, which is greater than CVX's maximum drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for DAL and CVX.
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Drawdown Indicators
| DAL | CVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.93% | -55.77% | -26.16% |
Max Drawdown (1Y)Largest decline over 1 year | -22.90% | -19.48% | -3.42% |
Max Drawdown (3Y)Largest decline over 3 years | -47.92% | -20.64% | -27.28% |
Max Drawdown (5Y)Largest decline over 5 years | -47.92% | -24.95% | -22.97% |
Max Drawdown (10Y)Largest decline over 10 years | -69.18% | -55.77% | -13.41% |
Current DrawdownCurrent decline from peak | 0.00% | -19.48% | +19.48% |
Average DrawdownAverage peak-to-trough decline | -29.06% | -11.39% | -17.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.15% | 6.55% | +0.60% |
Volatility
DAL vs. CVX - Volatility Comparison
Delta Air Lines, Inc. (DAL) has a higher volatility of 12.04% compared to Chevron Corporation (CVX) at 6.89%. This indicates that DAL's price experiences larger fluctuations and is considered to be riskier than CVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAL | CVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.04% | 6.89% | +5.15% |
Volatility (6M)Calculated over the trailing 6-month period | 30.26% | 18.49% | +11.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.44% | 22.52% | +18.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.03% | 25.12% | +15.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.12% | 29.19% | +12.93% |
Dividends
DAL vs. CVX - Dividend Comparison
DAL's dividend yield for the trailing twelve months is around 0.80%, less than CVX's 4.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVX Chevron Corporation | 4.14% | 4.49% | 4.50% | 4.05% | 3.16% | 4.52% | 6.11% | 3.95% | 4.12% | 3.45% | 3.64% | 4.76% |
DAL Delta Air Lines, Inc. | 0.80% | 0.97% | 0.83% | 0.50% | 0.00% | 0.00% | 1.00% | 2.57% | 2.63% | 1.81% | 1.37% | 0.89% |
Financials
DAL vs. CVX - Financials Comparison
This section allows you to compare key financial metrics between Delta Air Lines, Inc. and Chevron Corporation. 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
DAL vs. CVX - Profitability Comparison
DAL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Delta Air Lines, Inc. reported a gross profit of 4.54B and revenue of 15.85B. Therefore, the gross margin over that period was 28.6%.
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%.
DAL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Delta Air Lines, Inc. reported an operating income of 501.00M and revenue of 15.85B, resulting in an operating margin of 3.2%.
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%.
DAL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Delta Air Lines, Inc. reported a net income of -289.00M and revenue of 15.85B, resulting in a net margin of -1.8%.
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%.
Frequently Asked Questions
DAL and CVX have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DAL has higher volatility (12.04%) compared to CVX (6.89%). In terms of maximum drawdown, DAL dropped -81.93% vs CVX's -55.77%.
DAL currently has the higher Sharpe Ratio (2.19 vs 0.99), 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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