PSX vs. COP

Last updated Apr 1, 2026

Compare and contrast key facts about Phillips 66 (PSX) and ConocoPhillips Company (COP).

Performance

PSX vs. COP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Phillips 66 (PSX) and ConocoPhillips Company (COP). The values are adjusted to include any dividend payments, if applicable.

PSX vs. COP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSX Phillips 66	42.34%	17.51%	-11.63%	33.07%	49.58%	8.51%	-33.85%	33.97%	-12.28%	20.94%
COP ConocoPhillips Company	42.11%	-2.34%	-12.02%	1.98%	71.69%	86.60%	-36.04%	6.63%	15.63%	11.95%

Fundamentals

Market Cap PSX : $73.81B COP : $162.88B
EPS PSX : $10.84 COP : $6.39
PE Ratio PSX : 16.81 COP : 20.64
PEG Ratio PSX : 0.10 COP : 1.20
PS Ratio PSX : 0.56 COP : 2.76
PB Ratio PSX : 2.54 COP : 2.53
Total Revenue (TTM) PSX : $132.43B COP : $59.65B
Gross Profit (TTM) PSX : $6.75B COP : $17.61B
EBITDA (TTM) PSX : $9.75B COP : $25.38B

Returns By Period

The year-to-date returns for both stocks are quite close, with PSX having a 42.34% return and COP slightly lower at 42.11%. Over the past 10 years, PSX has underperformed COP with an annualized return of 11.98%, while COP has yielded a comparatively higher 16.28% annualized return.

PSX

• 1D: -1.42%
• 1M: 18.05%
• YTD: 42.34%
• 6M: 36.19%
• 1Y: 52.96%
• 3Y*: 25.98%
• 5Y*: 21.57%
• 10Y*: 11.98%

COP

• 1D: -0.67%
• 1M: 16.34%
• YTD: 42.11%
• 6M: 41.94%
• 1Y: 30.00%
• 3Y*: 13.58%
• 5Y*: 23.95%
• 10Y*: 16.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PSX vs. COP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PSX

PSX Risk / Return Rank: 82
PSX Sharpe Ratio Rank: 84
PSX Sortino Ratio Rank: 78
PSX Omega Ratio Rank: 81
PSX Calmar Ratio Rank: 80
PSX Martin Ratio Rank: 84

COP

COP Risk / Return Rank: 68
COP Sharpe Ratio Rank: 72
COP Sortino Ratio Rank: 65
COP Omega Ratio Rank: 65
COP Calmar Ratio Rank: 72
COP Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PSX vs. COP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Phillips 66 (PSX) 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.

	PSX	COP	Difference
Sharpe ratio Return per unit of total volatility	1.46	0.88	+0.59
Sortino ratio Return per unit of downside risk	1.97	1.32	+0.65
Omega ratio Gain probability vs. loss probability	1.29	1.18	+0.11
Calmar ratio Return relative to maximum drawdown	2.18	1.51	+0.67
Martin ratio Return relative to average drawdown	7.32	2.91	+4.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSX vs. COP - Sharpe Ratio Comparison

The current PSX Sharpe Ratio is 1.46, which is higher than the COP Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of PSX and COP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PSX	COP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	0.88	+0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.74	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.43	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.23	+0.27

Correlation

The correlation between PSX and COP is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PSX vs. COP - Dividend Comparison

PSX's dividend yield for the trailing twelve months is around 2.67%, more than COP's 2.45% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSX Phillips 66	2.67%	3.68%	3.95%	3.15%	3.68%	5.00%	5.15%	3.14%	3.60%	2.70%	2.84%	2.67%
COP ConocoPhillips Company	2.45%	3.40%	3.35%	3.37%	4.23%	2.70%	4.23%	2.05%	1.86%	1.93%	1.99%	6.30%

Drawdowns

PSX vs. COP - Drawdown Comparison

The maximum PSX drawdown since its inception was -64.21%, smaller than the maximum COP drawdown of -84.55%. Use the drawdown chart below to compare losses from any high point for PSX and COP.

Drawdown Indicators

	PSX	COP	Difference
Max Drawdown Largest peak-to-trough decline	-64.21%	-84.55%	+20.34%
Max Drawdown (1Y) Largest decline over 1 year	-25.32%	-22.09%	-3.23%
Max Drawdown (5Y) Largest decline over 5 years	-44.37%	-36.19%	-8.18%
Max Drawdown (10Y) Largest decline over 10 years	-64.21%	-70.66%	+6.45%
Current Drawdown Current decline from peak	-3.24%	-1.35%	-1.89%
Average Drawdown Average peak-to-trough decline	-14.82%	-25.55%	+10.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.53%	11.45%	-3.92%

Volatility

PSX vs. COP - Volatility Comparison

Phillips 66 (PSX) has a higher volatility of 9.01% compared to ConocoPhillips Company (COP) at 6.82%. This indicates that PSX'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.

Volatility by Period

	PSX	COP	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.01%	6.82%	+2.19%
Volatility (6M) Calculated over the trailing 6-month period	21.26%	20.55%	+0.71%
Volatility (1Y) Calculated over the trailing 1-year period	36.38%	34.39%	+1.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.02%	32.78%	+0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.14%	37.68%	-2.54%

Financials

PSX vs. COP - Profitability Comparison

The chart below illustrates the profitability comparison between Phillips 66 and ConocoPhillips Company over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PSX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Phillips 66 reported a gross profit of 2.27B and revenue of 34.11B. Therefore, the gross margin over that period was 6.7%.

COP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, ConocoPhillips Company reported a gross profit of 5.64B and revenue of 14.19B. Therefore, the gross margin over that period was 39.8%.

PSX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Phillips 66 reported an operating income of 1.61B and revenue of 34.11B, resulting in an operating margin of 4.7%.

COP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, ConocoPhillips Company reported an operating income of 2.44B and revenue of 14.19B, resulting in an operating margin of 17.2%.

PSX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Phillips 66 reported a net income of 2.91B and revenue of 34.11B, resulting in a net margin of 8.5%.

COP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, ConocoPhillips Company reported a net income of 1.44B and revenue of 14.19B, resulting in a net margin of 10.2%.