ENOV vs. CVX
ENOV (Enovis Corp) and CVX (Chevron Corporation) are both stocks. ENOV operates in Specialty Industrial Machinery (Industrials), while CVX operates in Oil & Gas Integrated (Energy). Over the past 10 years, ENOV returned -7.79%/yr vs 11.15%/yr for CVX. At a 0.42 correlation, their price movements are largely independent.
Performance
ENOV vs. CVX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ENOV achieves a -19.07% return, which is significantly lower than CVX's 26.84% return. Over the past 10 years, ENOV has underperformed CVX with an annualized return of -7.79%, while CVX has yielded a comparatively higher 11.15% annualized return.
ENOV
- 1D
- -1.73%
- 1M
- -7.63%
- YTD
- -19.07%
- 6M
- -26.37%
- 1Y
- -29.73%
- 3Y*
- -27.36%
- 5Y*
- -22.84%
- 10Y*
- -7.79%
CVX
- 1D
- 1.15%
- 1M
- -0.43%
- YTD
- 26.84%
- 6M
- 27.53%
- 1Y
- 41.64%
- 3Y*
- 11.27%
- 5Y*
- 16.52%
- 10Y*
- 11.15%
ENOV vs. CVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENOV Enovis Corp | -19.07% | -39.29% | -21.67% | 4.67% | -32.36% | 20.21% | 5.11% | 74.07% | -47.25% | 10.27% |
CVX Chevron Corporation | 26.84% | 10.10% | 1.29% | -13.63% | 58.46% | 46.24% | -25.95% | 15.27% | -9.75% | 10.59% |
Correlation
The correlation between ENOV and CVX is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since May 9, 2008 | 0.42 |
The correlation between ENOV and CVX shifts across timeframes, from -0.02 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ENOV:
-$26.70
CVX:
$5.75
ENOV:
0.40
CVX:
1.95
ENOV:
$2.28B
CVX:
$185.89B
ENOV:
$1.38B
CVX:
$47.27B
ENOV:
-$840.37M
CVX:
$40.44B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ENOV vs. CVX — Risk / Return Rank
ENOV
CVX
ENOV vs. CVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enovis Corp (ENOV) 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.
| ENOV | CVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.45 | ||
| Sortino ratioReturn per unit of downside risk | -3.02 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.32 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 2.99 | -3.73 |
| Martin ratioReturn relative to average drawdown | -1.17 | 7.70 | -8.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ENOV | CVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.55 | 1.90 | -2.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.59 | 0.66 | -1.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.18 | 0.38 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 0.38 | -0.44 |
Drawdowns
ENOV vs. CVX - Drawdown Comparison
The maximum ENOV drawdown since its inception was -83.36%, which is greater than CVX's maximum drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for ENOV and CVX.
Loading charts...
Drawdown Indicators
| ENOV | CVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.36% | -55.77% | -27.59% |
Max Drawdown (1Y)Largest decline over 1 year | -40.29% | -13.99% | -26.30% |
Max Drawdown (3Y)Largest decline over 3 years | -67.26% | -20.64% | -46.62% |
Max Drawdown (5Y)Largest decline over 5 years | -76.46% | -24.95% | -51.51% |
Max Drawdown (10Y)Largest decline over 10 years | -76.46% | -55.77% | -20.69% |
Current DrawdownCurrent decline from peak | -83.28% | -9.33% | -73.95% |
Average DrawdownAverage peak-to-trough decline | -45.92% | -11.39% | -34.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.34% | 5.42% | +19.92% |
Volatility
ENOV vs. CVX - Volatility Comparison
Enovis Corp (ENOV) has a higher volatility of 19.66% compared to Chevron Corporation (CVX) at 8.29%. This indicates that ENOV'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.
Loading charts...
Volatility by Period
| ENOV | CVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.66% | 8.29% | +11.37% |
Volatility (6M)Calculated over the trailing 6-month period | 39.94% | 17.82% | +22.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.08% | 22.10% | +31.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.61% | 25.12% | +13.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.30% | 29.16% | +13.14% |
Dividends
ENOV vs. CVX - Dividend Comparison
ENOV has not paid dividends to shareholders, while CVX's dividend yield for the trailing twelve months is around 3.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVX Chevron Corporation | 3.68% | 4.49% | 4.50% | 4.05% | 3.16% | 4.52% | 6.11% | 3.95% | 4.12% | 3.45% | 3.64% | 4.76% |
ENOV Enovis Corp | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ENOV vs. CVX - Financials Comparison
This section allows you to compare key financial metrics between Enovis Corp 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
ENOV vs. CVX - Profitability Comparison
ENOV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Enovis Corp reported a gross profit of 365.49M and revenue of 589.15M. Therefore, the gross margin over that period was 62.0%.
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%.
ENOV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Enovis Corp reported an operating income of 6.53M and revenue of 589.15M, resulting in an operating margin of 1.1%.
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%.
ENOV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Enovis Corp reported a net income of -8.76M and revenue of 589.15M, resulting in a net margin of -1.5%.
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
ENOV and CVX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENOV has higher volatility (19.66%) compared to CVX (8.29%). In terms of maximum drawdown, ENOV dropped -83.36% vs CVX's -55.77%.
CVX currently has the higher Sharpe Ratio (1.90 vs -0.55), 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.
Find the right allocation for ENOV and CVX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer