ETRN vs. CVX

Last updated Jun 4, 2026

ETRN (Equitrans Midstream Corporation) and CVX (Chevron Corporation) are both stocks. Both are in the Energy sector — ETRN in Oil & Gas Midstream, CVX in Oil & Gas Integrated. At a 0.38 correlation, their price movements are largely independent.

Performance

ETRN vs. CVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Equitrans Midstream Corporation (ETRN) and Chevron Corporation (CVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ETRN

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

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

ETRN vs. CVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ETRN Equitrans Midstream Corporation	0.00%	0.00%	25.17%	65.24%	-30.12%	38.50%	-33.24%	-25.27%	2.67%
CVX Chevron Corporation	26.84%	10.10%	1.29%	-13.63%	58.46%	46.24%	-25.95%	15.27%	-1.61%

Correlation

The correlation between ETRN and CVX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (All Time) Calculated using the full available price history since Nov 1, 2018	0.38

The correlation between ETRN and CVX shifts across timeframes, from 0.16 (3 years) to 0.38 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Total Revenue (TTM) ETRN : $1.42B CVX : $185.89B
Gross Profit (TTM) ETRN : $1.03B CVX : $47.27B
EBITDA (TTM) ETRN : $1.38B CVX : $40.44B

Return for Risk

ETRN vs. CVX — Risk / Return Rank

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

CVX

CVX Risk / Return Rank: 83
CVX Sharpe Ratio Rank: 86
CVX Sortino Ratio Rank: 82
CVX Omega Ratio Rank: 81
CVX Calmar Ratio Rank: 82
CVX Martin Ratio Rank: 82

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.

ETRN vs. CVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Equitrans Midstream Corporation (ETRN) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ETRN	CVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.90	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.38	—

Drawdowns

Drawdown Indicators

	ETRN	CVX	Difference
Max Drawdown Largest peak-to-trough decline	—	-55.77%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-13.99%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.64%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.95%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-55.77%	—
Current Drawdown Current decline from peak	—	-9.33%	—
Average Drawdown Average peak-to-trough decline	—	-11.39%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.42%	—

Volatility

Volatility by Period

	ETRN	CVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	22.10%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	25.12%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	29.16%	—

Dividends

ETRN vs. CVX - Dividend Comparison

ETRN 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%
ETRN Equitrans Midstream Corporation	0.00%	0.00%	2.42%	5.89%	8.96%	5.80%	11.19%	13.17%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both ETRN and CVX in my portfolio?

ETRN and CVX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.