VGT vs. CVX
VGT (Vanguard Information Technology ETF) is Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index, while CVX (Chevron Corporation) is a stock. Over the past 10 years, VGT returned 25.19%/yr vs 10.94%/yr for CVX. At a 0.37 correlation, their price movements are largely independent.
Performance
VGT vs. CVX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with VGT having a 24.03% return and CVX slightly higher at 25.18%. Over the past 10 years, VGT has outperformed CVX with an annualized return of 25.19%, while CVX has yielded a comparatively lower 10.94% annualized return.
VGT
- 1D
- 0.58%
- 1M
- 2.90%
- YTD
- 24.03%
- 6M
- 24.13%
- 1Y
- 47.99%
- 3Y*
- 29.84%
- 5Y*
- 20.35%
- 10Y*
- 25.19%
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%
VGT vs. CVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGT Vanguard Information Technology ETF | 24.03% | 21.77% | 29.30% | 52.66% | -29.70% | 30.45% | 46.04% | 48.62% | 2.46% | 37.08% |
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 VGT and CVX is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | 0.37 |
The correlation between VGT and CVX shifts across timeframes, from -0.16 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VGT vs. CVX — Risk / Return Rank
VGT
CVX
VGT vs. CVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Information Technology ETF (VGT) 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.
| VGT | CVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.27 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 2.48 | +0.46 |
| Martin ratioReturn relative to average drawdown | 9.11 | 6.10 | +3.01 |
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Drawdowns
VGT vs. CVX - Drawdown Comparison
The maximum VGT drawdown since its inception was -54.63%, roughly equal to the maximum CVX drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for VGT and CVX.
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Drawdown Indicators
| VGT | CVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.63% | -55.77% | +1.14% |
Max Drawdown (1Y)Largest decline over 1 year | -16.40% | -13.99% | -2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -27.23% | -20.64% | -6.59% |
Max Drawdown (5Y)Largest decline over 5 years | -35.07% | -24.95% | -10.12% |
Max Drawdown (10Y)Largest decline over 10 years | -35.07% | -55.77% | +20.70% |
Current DrawdownCurrent decline from peak | -7.18% | -10.52% | +3.34% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -11.39% | +3.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.28% | 5.68% | -0.40% |
Volatility
VGT vs. CVX - Volatility Comparison
Vanguard Information Technology ETF (VGT) has a higher volatility of 10.00% compared to Chevron Corporation (CVX) at 7.62%. This indicates that VGT'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
| VGT | CVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.00% | 7.62% | +2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 18.00% | 17.86% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.00% | 22.06% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.40% | 25.15% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.72% | 29.16% | -4.44% |
Dividends
VGT vs. CVX - Dividend Comparison
VGT's dividend yield for the trailing twelve months is around 0.33%, 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% |
VGT Vanguard Information Technology ETF | 0.33% | 0.40% | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% |
Frequently Asked Questions
VGT and CVX have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGT has higher volatility (10.00%) compared to CVX (7.62%). In terms of maximum drawdown, VGT dropped -54.63% vs CVX's -55.77%.
VGT currently has the higher Sharpe Ratio (2.19 vs 1.57), 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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