FANG vs. CVX
FANG (Diamondback Energy, Inc.) and CVX (Chevron Corporation) are both stocks. Both are in the Energy sector — FANG in Oil & Gas E&P, CVX in Oil & Gas Integrated. Over the past 10 years, FANG returned 11.95%/yr vs 11.68%/yr for CVX. Their 0.64 correlation means they have sometimes moved together and sometimes differently.
Performance
FANG vs. CVX - Performance Comparison
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Returns By Period
In the year-to-date period, FANG achieves a 36.56% return, which is significantly higher than CVX's 31.60% return. Both investments have delivered pretty close results over the past 10 years, with FANG having a 11.95% annualized return and CVX not far behind at 11.68%.
FANG
- 1D
- 1.59%
- 1M
- 17.97%
- 6M
- 25.21%
- YTD
- 36.56%
- 1Y
- 42.46%
- 3Y*
- 15.28%
- 5Y*
- 26.60%
- 10Y*
- 11.95%
- ALL TIME*
- 21.62%
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 | |
| $369.57M | $368.14M | $455.33M |
FANG vs. CVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FANG Diamondback Energy, Inc. | 36.56% | -5.64% | 10.35% | 19.66% | 35.34% | 127.51% | -46.00% | 0.92% | -26.35% | 24.93% |
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 FANG and CVX is 0.69, 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. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2012 | 0.64 |
The correlation between FANG and CVX has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.
Fundamentals
FANG:
$57.09B
CVX:
$392.09B
FANG:
$1.41
CVX:
$10.42
FANG:
144.08
CVX:
18.89
FANG:
3.82
CVX:
1.86
FANG:
1.57
CVX:
2.05
FANG:
$15.19B
CVX:
$208.71B
FANG:
$7.30B
CVX:
$64.69B
FANG:
$5.54B
CVX:
$55.77B
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Return for Risk
FANG vs. CVX — Risk / Return Rank
FANG
CVX
FANG vs. CVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamondback Energy, Inc. (FANG) 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.
| FANG | CVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.27 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 1.70 | +0.41 |
| Martin ratioReturn relative to average drawdown | 6.23 | 4.61 | +1.62 |
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Drawdowns
FANG vs. CVX - Drawdown Comparison
The maximum FANG drawdown since its inception was -88.72%, which is greater than CVX's maximum drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for FANG and CVX.
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Drawdown Indicators
| FANG | CVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.72% | -55.77% | -32.95% |
Max Drawdown (1Y)Largest decline over 1 year | -19.09% | -20.81% | +1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -42.10% | -20.81% | -21.29% |
Max Drawdown (5Y)Largest decline over 5 years | -42.10% | -24.95% | -17.15% |
Max Drawdown (10Y)Largest decline over 10 years | -88.72% | -55.77% | -32.95% |
Current DrawdownCurrent decline from peak | -4.50% | -5.93% | +1.43% |
Average DrawdownAverage peak-to-trough decline | -19.29% | -11.40% | -7.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.47% | 7.66% | -1.19% |
Volatility
FANG vs. CVX - Volatility Comparison
Diamondback Energy, Inc. (FANG) has a higher volatility of 10.65% compared to Chevron Corporation (CVX) at 6.84%. This indicates that FANG'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
| FANG | CVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.65% | 6.84% | +3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 24.08% | 18.21% | +5.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.58% | 22.82% | +8.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.37% | 25.15% | +12.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.07% | 29.24% | +19.83% |
Dividends
FANG vs. CVX - Dividend Comparison
FANG's dividend yield for the trailing twelve months is around 2.04%, less 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% |
FANG Diamondback Energy, Inc. | 2.04% | 2.66% | 5.06% | 5.15% | 6.55% | 1.62% | 3.10% | 0.74% | 0.40% | 0.00% | 0.00% | 0.00% |
Financials
FANG vs. CVX - Financials Comparison
This section allows you to compare key financial metrics between Diamondback Energy, 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
FANG vs. CVX - Profitability Comparison
FANG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Diamondback Energy, Inc. reported a gross profit of 3.85B and revenue of 4.24B. Therefore, the gross margin over that period was 90.9%.
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%.
FANG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Diamondback Energy, Inc. reported an operating income of 30.00M and revenue of 4.24B, resulting in an operating margin of 0.7%.
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%.
FANG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Diamondback Energy, Inc. reported a net income of 144.00M and revenue of 4.24B, resulting in a net margin of 3.4%.
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
FANG and CVX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FANG has higher volatility (10.65%) compared to CVX (6.84%). In terms of maximum drawdown, FANG dropped -88.72% vs CVX's -55.77%.
CVX currently has the higher Sharpe Ratio (1.55 vs 1.28), 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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