SRE vs. CVX
SRE (Sempra Energy) and CVX (Chevron Corporation) are both stocks. SRE operates in Utilities - Diversified (Utilities), while CVX operates in Oil & Gas Integrated (Energy). Over the past 10 years, SRE returned 8.18%/yr vs 11.68%/yr for CVX. Their 0.37 correlation means their historical movements had little consistent relationship.
Performance
SRE vs. CVX - Performance Comparison
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Returns By Period
In the year-to-date period, SRE achieves a 1.71% return, which is significantly lower than CVX's 31.60% return. Over the past 10 years, SRE has underperformed CVX with an annualized return of 8.18%, while CVX has yielded a comparatively higher 11.68% annualized return.
SRE
- 1D
- -1.15%
- 1M
- -4.85%
- 6M
- 3.21%
- YTD
- 1.71%
- 1Y
- 12.53%
- 3Y*
- 9.74%
- 5Y*
- 9.66%
- 10Y*
- 8.18%
- ALL TIME*
- 10.48%
CVX
- 1D
- 2.35%
- 1M
- 16.33%
- 6M
- 13.38%
- YTD
- 31.60%
- 1Y
- 35.45%
- 3Y*
- 11.23%
- 5Y*
- 18.87%
- 10Y*
- 11.68%
- ALL TIME*
- 10.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.44B | $1.41B | $1.67B | |
| $247.89M | $251.03M | $331.60M |
SRE vs. CVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SRE Sempra Energy | 1.71% | 3.94% | 21.11% | -0.06% | 20.30% | 7.39% | -12.78% | 44.01% | 4.49% | 9.43% |
CVX Chevron Corporation | 31.60% | 10.10% | 1.29% | -13.63% | 58.46% | 46.24% | -25.95% | 15.27% | -9.75% | 10.59% |
Correlation
The correlation between SRE and CVX is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.30 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2001 | 0.37 |
Over the past year, the correlation between SRE and CVX has dropped to 0.17 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
Fundamentals
SRE:
$57.89B
CVX:
$392.09B
SRE:
$3.17
CVX:
$10.42
SRE:
27.94
CVX:
18.89
SRE:
1.74
CVX:
1.84
SRE:
4.25
CVX:
1.86
SRE:
1.47
CVX:
2.05
SRE:
$13.61B
CVX:
$208.71B
SRE:
$4.94B
CVX:
$64.69B
SRE:
$4.51B
CVX:
$55.77B
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Return for Risk
SRE vs. CVX — Risk / Return Rank
SRE
CVX
SRE vs. CVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sempra Energy (SRE) 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.
| SRE | CVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.27 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.70 | -0.78 |
| Martin ratioReturn relative to average drawdown | 2.25 | 4.61 | -2.36 |
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Drawdowns
SRE vs. CVX - Drawdown Comparison
The maximum SRE drawdown since its inception was -45.00%, smaller than the maximum CVX drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for SRE and CVX.
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Drawdown Indicators
| SRE | CVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.00% | -55.77% | +10.77% |
Max Drawdown (1Y)Largest decline over 1 year | -12.65% | -20.81% | +8.16% |
Max Drawdown (3Y)Largest decline over 3 years | -31.62% | -20.81% | -10.81% |
Max Drawdown (5Y)Largest decline over 5 years | -31.62% | -24.95% | -6.67% |
Max Drawdown (10Y)Largest decline over 10 years | -45.00% | -55.77% | +10.77% |
Current DrawdownCurrent decline from peak | -10.59% | -5.93% | -4.66% |
Average DrawdownAverage peak-to-trough decline | -10.10% | -11.40% | +1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.15% | 7.66% | -2.51% |
Volatility
SRE vs. CVX - Volatility Comparison
The current volatility for Sempra Energy (SRE) is 5.67%, while Chevron Corporation (CVX) has a volatility of 6.84%. This indicates that SRE experiences smaller price fluctuations and is considered to be less risky 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
| SRE | CVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.67% | 6.84% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 13.95% | 18.21% | -4.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.91% | 22.82% | -2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.81% | 25.15% | -2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.93% | 29.24% | -4.31% |
Dividends
SRE vs. CVX - Dividend Comparison
SRE's dividend yield for the trailing twelve months is around 2.94%, less than CVX's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVX Chevron Corporation | 3.55% | 4.49% | 4.50% | 4.05% | 3.16% | 4.52% | 6.11% | 3.95% | 4.12% | 3.45% | 3.64% | 4.76% |
SRE Sempra Energy | 2.94% | 2.92% | 2.83% | 3.18% | 2.96% | 3.33% | 3.28% | 2.55% | 3.31% | 3.08% | 3.37% | 2.98% |
Financials
SRE vs. CVX - Financials Comparison
This section allows you to compare key financial metrics between Sempra Energy 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
SRE vs. CVX - Profitability Comparison
SRE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Sempra Energy reported a gross profit of 2.08B and revenue of 3.66B. Therefore, the gross margin over that period was 56.9%.
CVX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Chevron Corporation reported a gross profit of 30.59B and revenue of 67.20B. Therefore, the gross margin over that period was 45.5%.
SRE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Sempra Energy reported an operating income of 0.00 and revenue of 3.66B, resulting in an operating margin of 0.0%.
CVX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Chevron Corporation reported an operating income of 21.48B and revenue of 67.20B, resulting in an operating margin of 32.0%.
SRE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Sempra Energy reported a net income of 1.15B and revenue of 3.66B, resulting in a net margin of 31.5%.
CVX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Chevron Corporation reported a net income of 12.07B and revenue of 67.20B, resulting in a net margin of 18.0%.
Frequently Asked Questions
SRE and CVX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVX has higher volatility (6.84%) compared to SRE (5.67%). In terms of maximum drawdown, SRE dropped -45.00% vs CVX's -55.77%.
CVX currently has the higher Sharpe Ratio (1.55 vs 0.58), 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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