PG vs. CVX
PG (The Procter & Gamble Company) and CVX (Chevron Corporation) are both stocks. PG operates in Household & Personal Products (Consumer Defensive), while CVX operates in Oil & Gas Integrated (Energy). Over the past 10 years, PG returned 8.64%/yr vs 10.98%/yr for CVX. At a 0.28 correlation, their price movements are largely independent.
Performance
PG vs. CVX - Performance Comparison
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Returns By Period
In the year-to-date period, PG achieves a 2.74% return, which is significantly lower than CVX's 26.53% return. Over the past 10 years, PG has underperformed CVX with an annualized return of 8.64%, while CVX has yielded a comparatively higher 10.98% annualized return.
PG
- 1D
- -0.98%
- 1M
- -0.90%
- YTD
- 2.74%
- 6M
- 6.43%
- 1Y
- -8.99%
- 3Y*
- 2.29%
- 5Y*
- 4.10%
- 10Y*
- 8.64%
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%
PG vs. CVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PG The Procter & Gamble Company | 2.74% | -12.26% | 17.25% | -0.86% | -5.05% | 20.52% | 14.15% | 39.70% | 3.57% | 12.69% |
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 PG and CVX is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2001 | 0.28 |
The correlation between PG and CVX shifts across timeframes, from -0.08 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PG:
$350.63B
CVX:
$375.81B
PG:
$5.23
CVX:
$5.75
PG:
27.76
CVX:
32.89
PG:
6.79
CVX:
3.20
PG:
4.07
CVX:
1.95
PG:
6.50
CVX:
2.05
PG:
$86.72B
CVX:
$185.89B
PG:
$43.64B
CVX:
$47.27B
PG:
$22.63B
CVX:
$40.44B
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Return for Risk
PG vs. CVX — Risk / Return Rank
PG
CVX
PG vs. CVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Procter & Gamble Company (PG) 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.
| PG | CVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.35 | ||
| Sortino ratioReturn per unit of downside risk | -3.03 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.32 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 2.92 | -3.50 |
| Martin ratioReturn relative to average drawdown | -1.04 | 7.37 | -8.40 |
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
| PG | CVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.48 | 1.86 | -2.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.66 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.38 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.38 | +0.08 |
Drawdowns
PG vs. CVX - Drawdown Comparison
The maximum PG drawdown since its inception was -54.25%, roughly equal to the maximum CVX drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for PG and CVX.
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Drawdown Indicators
| PG | CVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.25% | -55.77% | +1.52% |
Max Drawdown (1Y)Largest decline over 1 year | -15.52% | -13.99% | -1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -20.64% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -23.77% | -24.95% | +1.18% |
Max Drawdown (10Y)Largest decline over 10 years | -23.77% | -55.77% | +32.00% |
Current DrawdownCurrent decline from peak | -15.91% | -9.56% | -6.35% |
Average DrawdownAverage peak-to-trough decline | -12.16% | -11.39% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.93% | 5.53% | +3.40% |
Volatility
PG vs. CVX - Volatility Comparison
The Procter & Gamble Company (PG) and Chevron Corporation (CVX) have volatilities of 7.01% and 7.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PG | CVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.01% | 7.14% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 15.32% | 17.78% | -2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.65% | 21.97% | -3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.79% | 25.13% | -7.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.05% | 29.16% | -10.11% |
Dividends
PG vs. CVX - Dividend Comparison
PG's dividend yield for the trailing twelve months is around 2.94%, less than CVX's 3.69% yield.
| 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% |
PG The Procter & Gamble Company | 2.94% | 2.91% | 2.36% | 2.55% | 2.38% | 2.08% | 2.24% | 2.37% | 3.09% | 2.98% | 3.18% | 3.31% |
Financials
PG vs. CVX - Financials Comparison
This section allows you to compare key financial metrics between The Procter & Gamble Company 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
PG vs. CVX - Profitability Comparison
PG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Procter & Gamble Company reported a gross profit of 10.51B and revenue of 21.24B. Therefore, the gross margin over that period was 49.5%.
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%.
PG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Procter & Gamble Company reported an operating income of 4.58B and revenue of 21.24B, resulting in an operating margin of 21.6%.
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%.
PG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Procter & Gamble Company reported a net income of 18.50M and revenue of 21.24B, resulting in a net margin of 0.1%.
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
PG and CVX have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVX has higher volatility (7.14%) compared to PG (7.01%). In terms of maximum drawdown, PG dropped -54.25% vs CVX's -55.77%.
CVX currently has the higher Sharpe Ratio (1.86 vs -0.48), 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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