E vs. CVX
E (Eni S.p.A.) and CVX (Chevron Corporation) are both stocks. Both operate in the Oil & Gas Integrated industry within the Energy sector. Over the past 10 years, E returned 12.97%/yr vs 11.68%/yr for CVX. Their 0.64 correlation means they have sometimes moved together and sometimes differently.
Performance
E vs. CVX - Performance Comparison
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Returns By Period
In the year-to-date period, E achieves a 49.82% return, which is significantly higher than CVX's 31.60% return. Over the past 10 years, E has outperformed CVX with an annualized return of 12.97%, while CVX has yielded a comparatively lower 11.68% annualized return.
E
- 1D
- 0.00%
- 1M
- 18.54%
- 6M
- 38.91%
- YTD
- 49.82%
- 1Y
- 72.88%
- 3Y*
- 30.16%
- 5Y*
- 26.94%
- 10Y*
- 12.97%
- ALL TIME*
- 9.39%
CVX
- 1D
- 2.35%
- 1M
- 16.33%
- 6M
- 13.38%
- YTD
- 31.60%
- 1Y
- 35.45%
- 3Y*
- 11.23%
- 5Y*
- 18.87%
- 10Y*
- 11.68%
- ALL TIME*
- 10.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.44B | $1.41B | $1.67B | |
| $24.39M | $21.06M | $21.85M |
E vs. CVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
E Eni S.p.A. | 49.82% | 48.40% | -13.95% | 26.73% | 10.92% | 43.12% | -28.73% | 4.29% | -0.98% | 7.27% |
CVX Chevron Corporation | 31.60% | 10.10% | 1.29% | -13.63% | 58.46% | 46.24% | -25.95% | 15.27% | -9.75% | 10.59% |
Correlation
The correlation between E and CVX is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2001 | 0.64 |
The correlation between E and CVX shifts across timeframes, from 0.54 (3 years) to 0.64 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
E:
$80.49B
CVX:
$392.09B
E:
€3.51
CVX:
$10.42
E:
13.74
CVX:
18.89
E:
1.18
CVX:
1.84
E:
0.88
CVX:
1.86
E:
1.39
CVX:
2.05
E:
€83.24B
CVX:
$208.71B
E:
€5.52B
CVX:
$64.69B
E:
€15.32B
CVX:
$55.77B
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Return for Risk
E vs. CVX — Risk / Return Rank
E
CVX
E vs. CVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eni S.p.A. (E) 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.
| E | CVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.27 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 1.70 | +1.94 |
| Martin ratioReturn relative to average drawdown | 12.58 | 4.61 | +7.97 |
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Drawdowns
E vs. CVX - Drawdown Comparison
The maximum E drawdown since its inception was -70.53%, which is greater than CVX's maximum drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for E and CVX.
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Drawdown Indicators
| E | CVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.53% | -55.77% | -14.76% |
Max Drawdown (1Y)Largest decline over 1 year | -20.00% | -20.81% | +0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -20.81% | +0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -33.71% | -24.95% | -8.76% |
Max Drawdown (10Y)Largest decline over 10 years | -61.59% | -55.77% | -5.82% |
Current DrawdownCurrent decline from peak | -2.47% | -5.93% | +3.46% |
Average DrawdownAverage peak-to-trough decline | -23.02% | -11.40% | -11.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.79% | 7.66% | -1.87% |
Volatility
E vs. CVX - Volatility Comparison
Eni S.p.A. (E) has a higher volatility of 10.66% compared to Chevron Corporation (CVX) at 6.84%. This indicates that E'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
| E | CVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.66% | 6.84% | +3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 21.89% | 18.21% | +3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.66% | 22.82% | +2.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.37% | 25.15% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.17% | 29.24% | -1.07% |
Dividends
E vs. CVX - Dividend Comparison
E's dividend yield for the trailing twelve months is around 4.34%, more than CVX's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVX Chevron Corporation | 3.55% | 4.49% | 4.50% | 4.05% | 3.16% | 4.52% | 6.11% | 3.95% | 4.12% | 3.45% | 3.64% | 4.76% |
E Eni S.p.A. | 4.34% | 5.88% | 7.69% | 5.74% | 6.38% | 5.79% | 5.91% | 6.11% | 5.15% | 3.96% | 3.98% | 5.14% |
Financials
E vs. CVX - Financials Comparison
This section allows you to compare key financial metrics between Eni S.p.A. 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
E vs. CVX - Profitability Comparison
E - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Eni S.p.A. reported a gross profit of 2.08B and revenue of 22.68B. Therefore, the gross margin over that period was 9.2%.
CVX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Chevron Corporation reported a gross profit of 30.59B and revenue of 67.20B. Therefore, the gross margin over that period was 45.5%.
E - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Eni S.p.A. reported an operating income of 2.39B and revenue of 22.68B, resulting in an operating margin of 10.5%.
CVX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Chevron Corporation reported an operating income of 21.48B and revenue of 67.20B, resulting in an operating margin of 32.0%.
E - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Eni S.p.A. reported a net income of 3.37B and revenue of 22.68B, resulting in a net margin of 14.9%.
CVX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Chevron Corporation reported a net income of 12.07B and revenue of 67.20B, resulting in a net margin of 18.0%.
Frequently Asked Questions
E and CVX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
E has higher volatility (10.66%) compared to CVX (6.84%). In terms of maximum drawdown, E dropped -70.53% vs CVX's -55.77%.
E currently has the higher Sharpe Ratio (2.84 vs 1.55), 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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