ISRG vs. CVX
ISRG (Intuitive Surgical, Inc.) and CVX (Chevron Corporation) are both stocks. ISRG operates in Medical Instruments & Supplies (Healthcare), while CVX operates in Oil & Gas Integrated (Energy). Over the past 10 years, ISRG returned 19.37%/yr vs 10.98%/yr for CVX. At a 0.28 correlation, their price movements are largely independent.
Performance
ISRG vs. CVX - Performance Comparison
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Returns By Period
In the year-to-date period, ISRG achieves a -26.09% return, which is significantly lower than CVX's 26.53% return. Over the past 10 years, ISRG has outperformed CVX with an annualized return of 19.37%, while CVX has yielded a comparatively lower 10.98% annualized return.
ISRG
- 1D
- -0.82%
- 1M
- -6.99%
- YTD
- -26.09%
- 6M
- -26.16%
- 1Y
- -24.86%
- 3Y*
- 10.20%
- 5Y*
- 8.37%
- 10Y*
- 19.37%
CVX
- 1D
- 1.03%
- 1M
- 5.15%
- YTD
- 26.53%
- 6M
- 29.68%
- 1Y
- 40.62%
- 3Y*
- 10.57%
- 5Y*
- 16.60%
- 10Y*
- 10.98%
ISRG vs. CVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISRG Intuitive Surgical, Inc. | -26.09% | 8.51% | 54.72% | 27.14% | -26.15% | 31.76% | 38.39% | 23.43% | 31.23% | 72.64% |
CVX Chevron Corporation | 26.53% | 10.10% | 1.29% | -13.63% | 58.46% | 46.24% | -25.95% | 15.27% | -9.75% | 10.59% |
Correlation
The correlation between ISRG and CVX is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2001 | 0.28 |
The correlation between ISRG and CVX shifts across timeframes, from -0.17 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ISRG:
$150.62B
CVX:
$375.81B
ISRG:
$8.24
CVX:
$5.75
ISRG:
50.80
CVX:
32.89
ISRG:
3.11
CVX:
3.20
ISRG:
14.30
CVX:
1.95
ISRG:
8.56
CVX:
2.05
ISRG:
$10.58B
CVX:
$185.89B
ISRG:
$7.02B
CVX:
$47.27B
ISRG:
$3.76B
CVX:
$40.44B
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Return for Risk
ISRG vs. CVX — Risk / Return Rank
ISRG
CVX
ISRG vs. CVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Intuitive Surgical, Inc. (ISRG) 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.
| ISRG | CVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.67 | ||
| Sortino ratioReturn per unit of downside risk | -3.59 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.32 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 2.92 | -3.69 |
| Martin ratioReturn relative to average drawdown | -1.60 | 7.37 | -8.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ISRG | CVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.81 | 1.86 | -2.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.66 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.38 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.38 | +0.10 |
Drawdowns
ISRG vs. CVX - Drawdown Comparison
The maximum ISRG drawdown since its inception was -82.26%, which is greater than CVX's maximum drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for ISRG and CVX.
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Drawdown Indicators
| ISRG | CVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.26% | -55.77% | -26.49% |
Max Drawdown (1Y)Largest decline over 1 year | -32.14% | -13.99% | -18.15% |
Max Drawdown (3Y)Largest decline over 3 years | -34.10% | -20.64% | -13.46% |
Max Drawdown (5Y)Largest decline over 5 years | -49.90% | -24.95% | -24.95% |
Max Drawdown (10Y)Largest decline over 10 years | -49.90% | -55.77% | +5.87% |
Current DrawdownCurrent decline from peak | -31.43% | -9.56% | -21.87% |
Average DrawdownAverage peak-to-trough decline | -21.28% | -11.39% | -9.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.18% | 5.53% | +10.65% |
Volatility
ISRG vs. CVX - Volatility Comparison
Intuitive Surgical, Inc. (ISRG) has a higher volatility of 11.58% compared to Chevron Corporation (CVX) at 7.14%. This indicates that ISRG'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
| ISRG | CVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.58% | 7.14% | +4.44% |
Volatility (6M)Calculated over the trailing 6-month period | 20.48% | 17.78% | +2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.02% | 21.97% | +9.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.17% | 25.13% | +8.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.39% | 29.16% | +3.23% |
Dividends
ISRG vs. CVX - Dividend Comparison
ISRG has not paid dividends to shareholders, while CVX's dividend yield for the trailing twelve months is around 3.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVX Chevron Corporation | 3.69% | 4.49% | 4.50% | 4.05% | 3.16% | 4.52% | 6.11% | 3.95% | 4.12% | 3.45% | 3.64% | 4.76% |
ISRG Intuitive Surgical, Inc. | 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
ISRG vs. CVX - Financials Comparison
This section allows you to compare key financial metrics between Intuitive Surgical, 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
ISRG vs. CVX - Profitability Comparison
ISRG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Intuitive Surgical, Inc. reported a gross profit of 1.83B and revenue of 2.77B. Therefore, the gross margin over that period was 66.1%.
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%.
ISRG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Intuitive Surgical, Inc. reported an operating income of 855.30M and revenue of 2.77B, resulting in an operating margin of 30.9%.
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%.
ISRG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Intuitive Surgical, Inc. reported a net income of 821.50M and revenue of 2.77B, resulting in a net margin of 29.7%.
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
ISRG and CVX have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISRG has higher volatility (11.58%) compared to CVX (7.14%). In terms of maximum drawdown, ISRG dropped -82.26% vs CVX's -55.77%.
CVX currently has the higher Sharpe Ratio (1.86 vs -0.81), 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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