EPM vs. CVI

Last updated Jun 4, 2026

EPM (Evolution Petroleum Corporation) and CVI (CVR Energy, Inc.) are both stocks. Both are in the Energy sector — EPM in Oil & Gas E&P, CVI in Oil & Gas Refining & Marketing. Over the past 10 years, EPM returned 3.89%/yr vs 20.29%/yr for CVI. At a 0.32 correlation, their price movements are largely independent.

Performance

EPM vs. CVI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Evolution Petroleum Corporation (EPM) and CVR Energy, Inc. (CVI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPM achieves a 25.82% return, which is significantly lower than CVI's 42.18% return. Over the past 10 years, EPM has underperformed CVI with an annualized return of 3.89%, while CVI has yielded a comparatively higher 20.29% annualized return.

EPM

• 1D: -0.23%
• 1M: -11.97%
• YTD: 25.82%
• 6M: 11.10%
• 1Y: 2.26%
• 3Y*: -11.56%
• 5Y*: 7.68%
• 10Y*: 3.89%

CVI

• 1D: -0.42%
• 1M: 4.14%
• YTD: 42.18%
• 6M: 5.42%
• 1Y: 52.30%
• 3Y*: 23.14%
• 5Y*: 31.66%
• 10Y*: 20.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EPM vs. CVI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EPM Evolution Petroleum Corporation	25.82%	-25.17%	-2.04%	-17.30%	58.73%	86.00%	-44.78%	-14.47%	4.19%	-28.70%
CVI CVR Energy, Inc.	42.18%	51.83%	-34.88%	11.51%	210.18%	25.69%	-61.31%	25.44%	-0.80%	59.94%

Correlation

The correlation between EPM and CVI is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Oct 24, 2007	0.32

The correlation between EPM and CVI shifts across timeframes, from 0.32 (1 year) to 0.42 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap EPM : $147.47M CVI : $3.57B
EPS EPM : -$0.11 CVI : -$0.42
PS Ratio EPM : 1.77 CVI : 0.48
PB Ratio EPM : 2.52 CVI : 6.63
Total Revenue (TTM) EPM : $83.24M CVI : $7.50B
Gross Profit (TTM) EPM : $3.92M CVI : -$1.54B
EBITDA (TTM) EPM : $2.18M CVI : $441.00M

Return for Risk

EPM vs. CVI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EPM

EPM Risk / Return Rank: 40
EPM Sharpe Ratio Rank: 42
EPM Sortino Ratio Rank: 38
EPM Omega Ratio Rank: 38
EPM Calmar Ratio Rank: 42
EPM Martin Ratio Rank: 42

CVI

CVI Risk / Return Rank: 65
CVI Sharpe Ratio Rank: 71
CVI Sortino Ratio Rank: 67
CVI Omega Ratio Rank: 65
CVI Calmar Ratio Rank: 62
CVI Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EPM vs. CVI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolution Petroleum Corporation (EPM) and CVR Energy, Inc. (CVI). 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.

	EPM	CVI	Difference
Sharpe ratio Return per unit of total volatility	0.06	1.02	-0.96
Sortino ratio Return per unit of downside risk	0.35	1.62	-1.28
Omega ratio Gain probability vs. loss probability	1.04	1.20	-0.15
Calmar ratio Return relative to maximum drawdown	0.06	1.09	-1.03
Martin ratio Return relative to average drawdown	0.14	2.38	-2.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EPM vs. CVI - Sharpe Ratio Comparison

The current EPM Sharpe Ratio is 0.06, which is lower than the CVI Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of EPM and CVI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EPM	CVI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.06	1.02	-0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.55	-0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.08	0.34	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	0.21	-0.33

Drawdowns

EPM vs. CVI - Drawdown Comparison

The maximum EPM drawdown since its inception was -99.99%, which is greater than CVI's maximum drawdown of -92.39%. Use the drawdown chart below to compare losses from any high point for EPM and CVI.

Drawdown Indicators

	EPM	CVI	Difference
Max Drawdown Largest peak-to-trough decline	-99.99%	-92.39%	-7.60%
Max Drawdown (1Y) Largest decline over 1 year	-38.29%	-48.21%	+9.92%
Max Drawdown (3Y) Largest decline over 3 years	-59.45%	-56.17%	-3.28%
Max Drawdown (5Y) Largest decline over 5 years	-59.45%	-56.17%	-3.28%
Max Drawdown (10Y) Largest decline over 10 years	-80.49%	-80.26%	-0.23%
Current Drawdown Current decline from peak	-99.85%	-9.60%	-90.25%
Average Drawdown Average peak-to-trough decline	-96.49%	-35.18%	-61.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.48%	22.04%	-5.56%

Volatility

EPM vs. CVI - Volatility Comparison

Evolution Petroleum Corporation (EPM) has a higher volatility of 17.57% compared to CVR Energy, Inc. (CVI) at 14.58%. This indicates that EPM's price experiences larger fluctuations and is considered to be riskier than CVI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPM	CVI	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.57%	14.58%	+2.99%
Volatility (6M) Calculated over the trailing 6-month period	30.95%	40.17%	-9.22%
Volatility (1Y) Calculated over the trailing 1-year period	38.74%	51.62%	-12.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.67%	58.18%	-12.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.08%	59.08%	-9.00%

Dividends

EPM vs. CVI - Dividend Comparison

EPM's dividend yield for the trailing twelve months is around 11.06%, more than CVI's 1.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CVI CVR Energy, Inc.	1.32%	8.88%	8.00%	14.85%	32.04%	14.28%	8.05%	7.54%	7.25%	5.37%	7.88%	5.08%
EPM Evolution Petroleum Corporation	11.06%	13.56%	9.18%	8.26%	5.83%	4.55%	6.14%	7.31%	5.87%	4.23%	2.15%	4.16%

Financials

Frequently Asked Questions

Can I hold both EPM and CVI in my portfolio?

EPM and CVI have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPM or CVI?

EPM has higher volatility (17.57%) compared to CVI (14.58%). In terms of maximum drawdown, EPM dropped -99.99% vs CVI's -92.39%.

Which has better risk-adjusted returns?

CVI currently has the higher Sharpe Ratio (1.02 vs 0.06), 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.