FRO vs. CVX
FRO (Frontline Ltd.) and CVX (Chevron Corporation) are both stocks. Both are in the Energy sector — FRO in Oil & Gas Midstream, CVX in Oil & Gas Integrated. Over the past 10 years, FRO returned 25.40%/yr vs 9.70%/yr for CVX. At a 0.35 correlation, their price movements are largely independent.
Performance
FRO vs. CVX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FRO achieves a 88.15% return, which is significantly higher than CVX's 17.94% return. Over the past 10 years, FRO has outperformed CVX with an annualized return of 25.40%, while CVX has yielded a comparatively lower 9.70% annualized return.
FRO
- 1D
- 4.29%
- 1M
- 7.17%
- 6M
- 64.34%
- YTD
- 88.15%
- 1Y
- 120.41%
- 3Y*
- 47.42%
- 5Y*
- 45.52%
- 10Y*
- 25.40%
CVX
- 1D
- 1.35%
- 1M
- -5.07%
- 6M
- 10.89%
- YTD
- 17.94%
- 1Y
- 18.34%
- 3Y*
- 8.17%
- 5Y*
- 15.79%
- 10Y*
- 9.70%
FRO vs. CVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRO Frontline Ltd. | 88.15% | 61.17% | -22.48% | 96.23% | 73.67% | 13.67% | -41.47% | 134.59% | 20.48% | -32.17% |
CVX Chevron Corporation | 17.94% | 10.10% | 1.29% | -13.63% | 58.46% | 46.24% | -25.95% | 15.27% | -9.75% | 10.59% |
Correlation
The correlation between FRO and CVX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2001 | 0.35 |
The correlation between FRO and CVX shifts across timeframes, from 0.16 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
Fundamentals
FRO:
$8.49B
CVX:
$351.32B
FRO:
$4.06
CVX:
$5.57
FRO:
9.38
CVX:
31.67
FRO:
3.77
CVX:
1.88
FRO:
2.99
CVX:
1.91
FRO:
$2.25B
CVX:
$185.89B
FRO:
$933.72M
CVX:
$47.27B
FRO:
$1.21B
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
FRO vs. CVX — Risk / Return Rank
FRO
CVX
FRO vs. CVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Frontline Ltd. (FRO) 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.
| FRO | CVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.12 | ||
| Sortino ratioReturn per unit of downside risk | +2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.16 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 6.01 | 0.93 | +5.08 |
| Martin ratioReturn relative to average drawdown | 16.05 | 2.63 | +13.42 |
Loading charts...
Drawdowns
FRO vs. CVX - Drawdown Comparison
The maximum FRO drawdown since its inception was -98.36%, which is greater than CVX's maximum drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for FRO and CVX.
Loading charts...
Drawdown Indicators
| FRO | CVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.36% | -55.77% | -42.59% |
Max Drawdown (1Y)Largest decline over 1 year | -21.41% | -20.81% | -0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -52.04% | -20.81% | -31.23% |
Max Drawdown (5Y)Largest decline over 5 years | -52.04% | -24.95% | -27.09% |
Max Drawdown (10Y)Largest decline over 10 years | -52.04% | -55.77% | +3.73% |
Current DrawdownCurrent decline from peak | -70.70% | -15.69% | -55.01% |
Average DrawdownAverage peak-to-trough decline | -67.85% | -11.40% | -56.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.00% | 7.32% | +0.68% |
Volatility
FRO vs. CVX - Volatility Comparison
Frontline Ltd. (FRO) has a higher volatility of 18.96% compared to Chevron Corporation (CVX) at 8.03%. This indicates that FRO'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
| FRO | CVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.96% | 8.03% | +10.93% |
Volatility (6M)Calculated over the trailing 6-month period | 33.34% | 17.67% | +15.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.27% | 22.53% | +20.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.84% | 25.16% | +24.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.16% | 29.21% | +21.95% |
Dividends
FRO vs. CVX - Dividend Comparison
FRO's dividend yield for the trailing twelve months is around 8.21%, more than CVX's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVX Chevron Corporation | 3.96% | 4.49% | 4.50% | 4.05% | 3.16% | 4.52% | 6.11% | 3.95% | 4.12% | 3.45% | 3.64% | 4.76% |
FRO Frontline Ltd. | 8.21% | 4.26% | 13.74% | 14.31% | 1.24% | 0.00% | 25.72% | 0.78% | 0.00% | 6.54% | 19.83% | 1.67% |
Financials
FRO vs. CVX - Financials Comparison
This section allows you to compare key financial metrics between Frontline Ltd. 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
FRO vs. CVX - Profitability Comparison
FRO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Frontline Ltd. reported a gross profit of 395.96M and revenue of 714.24M. Therefore, the gross margin over that period was 55.4%.
CVX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
FRO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Frontline Ltd. reported an operating income of 370.04M and revenue of 714.24M, resulting in an operating margin of 51.8%.
CVX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Chevron Corporation reported an operating income of 3.24B and revenue of 47.56B, resulting in an operating margin of 6.8%.
FRO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Frontline Ltd. reported a net income of 559.12M and revenue of 714.24M, resulting in a net margin of 78.3%.
CVX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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
FRO and CVX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRO has higher volatility (18.96%) compared to CVX (8.03%). In terms of maximum drawdown, FRO dropped -98.36% vs CVX's -55.77%.
FRO currently has the higher Sharpe Ratio (2.98 vs 0.86), 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 FRO 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