NEE vs. CVX
NEE (NextEra Energy, Inc.) and CVX (Chevron Corporation) are both stocks. NEE operates in Utilities - Regulated Electric (Utilities), while CVX operates in Oil & Gas Integrated (Energy). Over the past 10 years, NEE returned 13.51%/yr vs 10.94%/yr for CVX. At a 0.29 correlation, their price movements are largely independent.
Performance
NEE vs. CVX - Performance Comparison
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Returns By Period
In the year-to-date period, NEE achieves a 8.63% return, which is significantly lower than CVX's 25.18% return. Over the past 10 years, NEE has outperformed CVX with an annualized return of 13.51%, while CVX has yielded a comparatively lower 10.94% annualized return.
NEE
- 1D
- 1.36%
- 1M
- -8.68%
- YTD
- 8.63%
- 6M
- 6.81%
- 1Y
- 19.83%
- 3Y*
- 8.11%
- 5Y*
- 5.94%
- 10Y*
- 13.51%
CVX
- 1D
- 0.75%
- 1M
- 1.58%
- YTD
- 25.18%
- 6M
- 27.20%
- 1Y
- 34.55%
- 3Y*
- 10.25%
- 5Y*
- 16.33%
- 10Y*
- 10.94%
NEE vs. CVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEE NextEra Energy, Inc. | 8.63% | 15.47% | 21.46% | -25.30% | -8.54% | 23.39% | 30.06% | 42.69% | 14.30% | 34.39% |
CVX Chevron Corporation | 25.18% | 10.10% | 1.29% | -13.63% | 58.46% | 46.24% | -25.95% | 15.27% | -9.75% | 10.59% |
Correlation
The correlation between NEE and CVX is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 10, 2003 | 0.29 |
The correlation between NEE and CVX shifts across timeframes, from 0.10 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
Fundamentals
NEE:
$5.27
CVX:
$5.75
NEE:
16.32
CVX:
32.54
NEE:
0.83
CVX:
3.17
NEE:
4.78
CVX:
1.93
NEE:
$27.93B
CVX:
$185.89B
NEE:
$13.35B
CVX:
$47.27B
NEE:
$14.56B
CVX:
$40.44B
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Return for Risk
NEE vs. CVX — Risk / Return Rank
NEE
CVX
NEE vs. CVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NextEra Energy, Inc. (NEE) 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.
| NEE | CVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.27 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 2.48 | -1.11 |
| Martin ratioReturn relative to average drawdown | 3.78 | 6.10 | -2.31 |
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Drawdowns
NEE vs. CVX - Drawdown Comparison
The maximum NEE drawdown since its inception was -47.81%, smaller than the maximum CVX drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for NEE and CVX.
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Drawdown Indicators
| NEE | CVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.81% | -55.77% | +7.96% |
Max Drawdown (1Y)Largest decline over 1 year | -14.53% | -13.99% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -34.57% | -20.64% | -13.93% |
Max Drawdown (5Y)Largest decline over 5 years | -44.97% | -24.95% | -20.02% |
Max Drawdown (10Y)Largest decline over 10 years | -44.97% | -55.77% | +10.80% |
Current DrawdownCurrent decline from peak | -11.50% | -10.52% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -11.39% | +2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.25% | 5.68% | -0.43% |
Volatility
NEE vs. CVX - Volatility Comparison
NextEra Energy, Inc. (NEE) has a higher volatility of 8.52% compared to Chevron Corporation (CVX) at 7.62%. This indicates that NEE'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
| NEE | CVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.52% | 7.62% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 16.75% | 17.86% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.78% | 22.06% | +1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.91% | 25.15% | +1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.49% | 29.16% | -3.67% |
Dividends
NEE vs. CVX - Dividend Comparison
NEE's dividend yield for the trailing twelve months is around 2.77%, less than CVX's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVX Chevron Corporation | 3.73% | 4.49% | 4.50% | 4.05% | 3.16% | 4.52% | 6.11% | 3.95% | 4.12% | 3.45% | 3.64% | 4.76% |
NEE NextEra Energy, Inc. | 2.77% | 2.82% | 2.87% | 3.08% | 2.03% | 1.65% | 1.81% | 2.06% | 2.55% | 2.52% | 2.91% | 2.96% |
Financials
NEE vs. CVX - Financials Comparison
This section allows you to compare key financial metrics between NextEra 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
NEE vs. CVX - Profitability Comparison
NEE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NextEra Energy, Inc. reported a gross profit of 0.00 and revenue of 6.70B. Therefore, the gross margin over that period was 0.0%.
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%.
NEE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NextEra Energy, Inc. reported an operating income of 2.21B and revenue of 6.70B, resulting in an operating margin of 33.0%.
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%.
NEE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NextEra Energy, Inc. reported a net income of 2.18B and revenue of 6.70B, resulting in a net margin of 32.6%.
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
NEE and CVX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEE has higher volatility (8.52%) compared to CVX (7.62%). In terms of maximum drawdown, NEE dropped -47.81% vs CVX's -55.77%.
CVX currently has the higher Sharpe Ratio (1.57 vs 0.84), 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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