PBR vs. CVI
PBR (Petróleo Brasileiro S.A. - Petrobras) and CVI (CVR Energy, Inc.) are both stocks. Both are in the Energy sector — PBR in Oil & Gas Integrated, CVI in Oil & Gas Refining & Marketing. Over the past 10 years, PBR returned 21.07%/yr vs 25.08%/yr for CVI. Their 0.36 correlation means their historical movements had little consistent relationship.
Performance
PBR vs. CVI - Performance Comparison
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Returns By Period
In the year-to-date period, PBR achieves a 65.94% return, which is significantly higher than CVI's 42.62% return. Over the past 10 years, PBR has underperformed CVI with an annualized return of 21.07%, while CVI has yielded a comparatively higher 25.08% annualized return.
PBR
- 1D
- 1.46%
- 1M
- 20.42%
- 6M
- 28.19%
- YTD
- 65.94%
- 1Y
- 60.78%
- 3Y*
- 20.34%
- 5Y*
- 36.10%
- 10Y*
- 21.07%
- ALL TIME*
- 10.46%
CVI
- 1D
- -6.46%
- 1M
- 25.07%
- 6M
- 59.55%
- YTD
- 42.62%
- 1Y
- 44.78%
- 3Y*
- 9.60%
- 5Y*
- 43.11%
- 10Y*
- 25.08%
- ALL TIME*
- 12.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $38.24M | $32.51M | $30.51M | |
| $264.23M | $274.45M | $292.55M |
PBR vs. CVI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBR Petróleo Brasileiro S.A. - Petrobras | 65.94% | -1.01% | -8.38% | 71.48% | 47.76% | 20.44% | -28.83% | 24.65% | 27.68% | 1.78% |
CVI CVR Energy, Inc. | 42.62% | 51.83% | -34.88% | 11.51% | 210.18% | 25.69% | -61.31% | 25.44% | -0.80% | 59.94% |
Correlation
The correlation between PBR and CVI is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2007 | 0.36 |
Fundamentals
PBR:
$125.02B
CVI:
$3.58B
PBR:
$3.16
CVI:
$1.17
PBR:
6.15
CVI:
30.34
PBR:
0.16
CVI:
0.06
PBR:
1.34
CVI:
0.42
PBR:
1.47
CVI:
6.82
PBR:
$93.27B
CVI:
$8.47B
PBR:
$43.47B
CVI:
-$2.08B
PBR:
$41.03B
CVI:
$696.00M
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Return for Risk
PBR vs. CVI — Risk / Return Rank
PBR
CVI
PBR vs. CVI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Petróleo Brasileiro S.A. - Petrobras (PBR) and CVR Energy, Inc. (CVI). 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.
| PBR | CVI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.15 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 0.74 | +1.51 |
| Martin ratioReturn relative to average drawdown | 5.80 | 1.55 | +4.25 |
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Drawdowns
PBR vs. CVI - Drawdown Comparison
The maximum PBR drawdown since its inception was -95.62%, roughly equal to the maximum CVI drawdown of -92.39%. Use the drawdown chart below to compare losses from any high point for PBR and CVI.
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Drawdown Indicators
| PBR | CVI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.62% | -92.39% | -3.23% |
Max Drawdown (1Y)Largest decline over 1 year | -26.86% | -48.21% | +21.35% |
Max Drawdown (3Y)Largest decline over 3 years | -28.24% | -56.17% | +27.93% |
Max Drawdown (5Y)Largest decline over 5 years | -39.62% | -56.17% | +16.55% |
Max Drawdown (10Y)Largest decline over 10 years | -75.13% | -80.26% | +5.13% |
Current DrawdownCurrent decline from peak | -19.16% | -9.32% | -9.84% |
Average DrawdownAverage peak-to-trough decline | -52.57% | -35.04% | -17.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.40% | 22.98% | -12.58% |
Volatility
PBR vs. CVI - Volatility Comparison
The current volatility for Petróleo Brasileiro S.A. - Petrobras (PBR) is 8.87%, while CVR Energy, Inc. (CVI) has a volatility of 17.75%. This indicates that PBR experiences smaller price fluctuations and is considered to be less risky than CVI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBR | CVI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.87% | 17.75% | -8.88% |
Volatility (6M)Calculated over the trailing 6-month period | 25.17% | 40.57% | -15.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.18% | 53.74% | -21.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.75% | 57.94% | -20.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.45% | 59.25% | -12.80% |
Dividends
PBR vs. CVI - Dividend Comparison
PBR's dividend yield for the trailing twelve months is around 3.65%, more than CVI's 1.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVI CVR Energy, Inc. | 1.32% | 8.88% | 8.00% | 14.85% | 32.04% | 14.28% | 8.05% | 7.54% | 7.25% | 5.37% | 7.88% | 5.08% |
PBR Petróleo Brasileiro S.A. - Petrobras | 3.65% | 7.10% | 14.73% | 10.91% | 55.64% | 18.95% | 0.84% | 1.59% | 1.03% | 0.00% | 0.00% | 0.00% |
Financials
PBR vs. CVI - Financials Comparison
This section allows you to compare key financial metrics between Petróleo Brasileiro S.A. - Petrobras and CVR Energy, Inc.. 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
PBR vs. CVI - Profitability Comparison
PBR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Petróleo Brasileiro S.A. - Petrobras reported a gross profit of 10.60B and revenue of 23.53B. Therefore, the gross margin over that period was 45.0%.
CVI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, CVR Energy, Inc. reported a gross profit of -2.25B and revenue of 2.74B. Therefore, the gross margin over that period was -82.3%.
PBR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Petróleo Brasileiro S.A. - Petrobras reported an operating income of 7.37B and revenue of 23.53B, resulting in an operating margin of 31.3%.
CVI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, CVR Energy, Inc. reported an operating income of 78.00M and revenue of 2.74B, resulting in an operating margin of 2.9%.
PBR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Petróleo Brasileiro S.A. - Petrobras reported a net income of 6.21B and revenue of 23.53B, resulting in a net margin of 26.4%.
CVI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, CVR Energy, Inc. reported a net income of 46.00M and revenue of 2.74B, resulting in a net margin of 1.7%.
Frequently Asked Questions
PBR and CVI have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVI has higher volatility (17.75%) compared to PBR (8.87%). In terms of maximum drawdown, PBR dropped -95.62% vs CVI's -92.39%.
PBR currently has the higher Sharpe Ratio (1.88 vs 0.67), 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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