KRP vs. CVX
KRP (Kimbell Royalty Partners, LP) and CVX (Chevron Corporation) are both stocks. Both are in the Energy sector — KRP in Oil & Gas E&P, CVX in Oil & Gas Integrated. Over the past 5 years, KRP returned 17.06%/yr vs 18.87%/yr for CVX. Their 0.45 correlation means their historical movements had little consistent relationship.
Performance
KRP vs. CVX - Performance Comparison
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Returns By Period
In the year-to-date period, KRP achieves a 34.14% return, which is significantly higher than CVX's 31.60% return.
KRP
- 1D
- 1.42%
- 1M
- 3.31%
- 6M
- 17.46%
- YTD
- 34.14%
- 1Y
- 12.88%
- 3Y*
- 10.16%
- 5Y*
- 17.06%
- 10Y*
- —
- ALL TIME*
- 8.14%
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 | |
| $9.05M | $8.25M | $11.35M |
KRP vs. CVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KRP Kimbell Royalty Partners, LP | 34.14% | -18.60% | 20.43% | 0.76% | 36.93% | 89.97% | -48.94% | 38.62% | -8.93% | -5.43% |
CVX Chevron Corporation | 31.60% | 10.10% | 1.29% | -13.63% | 58.46% | 46.24% | -25.95% | 15.27% | -9.75% | 16.00% |
Correlation
The correlation between KRP and CVX is 0.58, 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. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2017 | 0.45 |
The correlation between KRP and CVX shifts across timeframes, from 0.45 (all time) to 0.58 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
KRP:
$1.48B
CVX:
$392.09B
KRP:
$0.61
CVX:
$10.42
KRP:
24.69
CVX:
18.89
KRP:
0.09
CVX:
1.84
KRP:
5.74
CVX:
1.86
KRP:
3.42
CVX:
2.05
KRP:
$309.11M
CVX:
$208.71B
KRP:
$319.28M
CVX:
$64.69B
KRP:
$177.16M
CVX:
$55.77B
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Return for Risk
KRP vs. CVX — Risk / Return Rank
KRP
CVX
KRP vs. CVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kimbell Royalty Partners, LP (KRP) 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.
| KRP | CVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.27 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 1.70 | -1.09 |
| Martin ratioReturn relative to average drawdown | 1.61 | 4.61 | -3.00 |
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Drawdowns
KRP vs. CVX - Drawdown Comparison
The maximum KRP drawdown since its inception was -80.91%, which is greater than CVX's maximum drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for KRP and CVX.
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Drawdown Indicators
| KRP | CVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.91% | -55.77% | -25.14% |
Max Drawdown (1Y)Largest decline over 1 year | -19.43% | -20.81% | +1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -27.58% | -20.81% | -6.77% |
Max Drawdown (5Y)Largest decline over 5 years | -27.58% | -24.95% | -2.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.77% | — |
Current DrawdownCurrent decline from peak | -3.67% | -5.93% | +2.26% |
Average DrawdownAverage peak-to-trough decline | -19.19% | -11.40% | -7.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.39% | 7.66% | -0.27% |
Volatility
KRP vs. CVX - Volatility Comparison
The current volatility for Kimbell Royalty Partners, LP (KRP) is 5.90%, while Chevron Corporation (CVX) has a volatility of 6.84%. This indicates that KRP experiences smaller price fluctuations and is considered to be less risky 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
| KRP | CVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 6.84% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 16.47% | 18.21% | -1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.12% | 22.82% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.35% | 25.15% | +3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.10% | 29.24% | +11.86% |
Dividends
KRP vs. CVX - Dividend Comparison
KRP's dividend yield for the trailing twelve months is around 10.09%, more 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% |
KRP Kimbell Royalty Partners, LP | 10.09% | 13.61% | 10.78% | 11.50% | 11.26% | 8.36% | 11.00% | 9.29% | 12.22% | 5.17% | 0.00% | 0.00% |
Financials
KRP vs. CVX - Financials Comparison
This section allows you to compare key financial metrics between Kimbell Royalty Partners, LP 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
KRP vs. CVX - Profitability Comparison
KRP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Kimbell Royalty Partners, LP reported a gross profit of 59.66M and revenue of 65.54M. Therefore, the gross margin over that period was 91.0%.
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%.
KRP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Kimbell Royalty Partners, LP reported an operating income of 15.80M and revenue of 65.54M, resulting in an operating margin of 24.1%.
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%.
KRP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Kimbell Royalty Partners, LP reported a net income of 3.97M and revenue of 65.54M, resulting in a net margin of 6.1%.
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
KRP and CVX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVX has higher volatility (6.84%) compared to KRP (5.90%). In terms of maximum drawdown, KRP dropped -80.91% vs CVX's -55.77%.
CVX currently has the higher Sharpe Ratio (1.55 vs 0.51), 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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