MPC vs. COP
MPC (Marathon Petroleum Corporation) and COP (ConocoPhillips Company) are both stocks. Both are in the Energy sector — MPC in Oil & Gas Refining & Marketing, COP in Oil & Gas E&P. Over the past 10 years, MPC returned 26.16%/yr vs 13.90%/yr for COP. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
MPC vs. COP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MPC achieves a 65.76% return, which is significantly higher than COP's 29.12% return. Over the past 10 years, MPC has outperformed COP with an annualized return of 26.16%, while COP has yielded a comparatively lower 13.90% annualized return.
MPC
- 1D
- 1.58%
- 1M
- 6.21%
- YTD
- 65.76%
- 6M
- 42.31%
- 1Y
- 68.20%
- 3Y*
- 37.67%
- 5Y*
- 36.42%
- 10Y*
- 26.16%
COP
- 1D
- 1.87%
- 1M
- -3.98%
- YTD
- 29.12%
- 6M
- 31.65%
- 1Y
- 39.91%
- 3Y*
- 8.69%
- 5Y*
- 18.95%
- 10Y*
- 13.90%
MPC vs. COP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MPC Marathon Petroleum Corporation | 65.76% | 19.17% | -4.06% | 30.46% | 86.62% | 61.00% | -27.38% | 6.05% | -8.23% | 34.78% |
COP ConocoPhillips Company | 29.12% | -2.34% | -12.02% | 1.98% | 71.69% | 86.60% | -36.04% | 6.63% | 15.63% | 11.95% |
Correlation
The correlation between MPC and COP is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2011 | 0.57 |
The correlation between MPC and COP shifts across timeframes, from 0.57 (all time) to 0.67 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MPC:
$78.83B
COP:
$145.83B
MPC:
$15.35
COP:
$5.90
MPC:
17.41
COP:
20.18
MPC:
0.08
COP:
1.17
MPC:
0.59
COP:
2.53
MPC:
4.71
COP:
2.26
MPC:
$135.75B
COP:
$58.31B
MPC:
$11.95B
COP:
$17.02B
MPC:
$12.39B
COP:
$22.44B
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
MPC vs. COP — Risk / Return Rank
MPC
COP
MPC vs. COP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Marathon Petroleum Corporation (MPC) and ConocoPhillips Company (COP). 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.
| MPC | COP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.22 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 2.69 | +1.05 |
| Martin ratioReturn relative to average drawdown | 9.89 | 6.13 | +3.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MPC | COP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | 1.37 | +0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.11 | 0.58 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.37 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.23 | +0.33 |
Drawdowns
MPC vs. COP - Drawdown Comparison
The maximum MPC drawdown since its inception was -79.67%, smaller than the maximum COP drawdown of -84.55%. Use the drawdown chart below to compare losses from any high point for MPC and COP.
Loading charts...
Drawdown Indicators
| MPC | COP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.67% | -84.55% | +4.88% |
Max Drawdown (1Y)Largest decline over 1 year | -18.33% | -14.90% | -3.43% |
Max Drawdown (3Y)Largest decline over 3 years | -44.75% | -36.19% | -8.56% |
Max Drawdown (5Y)Largest decline over 5 years | -44.75% | -36.19% | -8.56% |
Max Drawdown (10Y)Largest decline over 10 years | -79.67% | -70.66% | -9.01% |
Current DrawdownCurrent decline from peak | 0.00% | -10.36% | +10.36% |
Average DrawdownAverage peak-to-trough decline | -17.36% | -25.49% | +8.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.93% | 6.53% | +0.40% |
Volatility
MPC vs. COP - Volatility Comparison
Marathon Petroleum Corporation (MPC) has a higher volatility of 11.31% compared to ConocoPhillips Company (COP) at 8.92%. This indicates that MPC's price experiences larger fluctuations and is considered to be riskier than COP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MPC | COP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.31% | 8.92% | +2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 25.81% | 22.81% | +3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.50% | 29.27% | +2.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.04% | 32.72% | +0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.26% | 37.67% | +2.59% |
Dividends
MPC vs. COP - Dividend Comparison
MPC's dividend yield for the trailing twelve months is around 1.46%, less than COP's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COP ConocoPhillips Company | 2.77% | 3.40% | 3.35% | 3.37% | 4.23% | 2.70% | 4.23% | 2.05% | 1.86% | 1.93% | 1.99% | 6.30% |
MPC Marathon Petroleum Corporation | 1.46% | 2.29% | 2.43% | 2.07% | 2.14% | 3.63% | 5.61% | 3.52% | 3.12% | 2.30% | 2.70% | 2.20% |
Financials
MPC vs. COP - Financials Comparison
This section allows you to compare key financial metrics between Marathon Petroleum Corporation and ConocoPhillips Company. 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
MPC vs. COP - Profitability Comparison
MPC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Marathon Petroleum Corporation reported a gross profit of 3.31B and revenue of 34.57B. Therefore, the gross margin over that period was 9.6%.
COP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ConocoPhillips Company reported a gross profit of 7.50B and revenue of 16.05B. Therefore, the gross margin over that period was 46.7%.
MPC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Marathon Petroleum Corporation reported an operating income of 1.40B and revenue of 34.57B, resulting in an operating margin of 4.1%.
COP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ConocoPhillips Company reported an operating income of 3.36B and revenue of 16.05B, resulting in an operating margin of 21.0%.
MPC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Marathon Petroleum Corporation reported a net income of 511.00M and revenue of 34.57B, resulting in a net margin of 1.5%.
COP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ConocoPhillips Company reported a net income of 2.18B and revenue of 16.05B, resulting in a net margin of 13.6%.
Frequently Asked Questions
MPC and COP have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPC has higher volatility (11.31%) compared to COP (8.92%). In terms of maximum drawdown, MPC dropped -79.67% vs COP's -84.55%.
MPC currently has the higher Sharpe Ratio (2.18 vs 1.37), 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 MPC and COP
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