CVX vs SPY
Comparison between Chevron Corp (CVX, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceCVX has outperformed SPY, delivering a return of +15.2% compared to +13.3%
CVX vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
CVX
$342B
Winner
SPY
$652B
Expense Ratio
CVX
N/A
SPY
0.09%
Max Drawdown
CVX
59.79%
Winner
SPY
56.47%
Sharpe Ratio
CVX
1.50
Winner
SPY
2.07
5Y Beta
Winner
CVX
0.45
SPY
1.00
Industry
CVX
Oil & Gas Integrated
SPY
N/A
P/E Ratio
Winner
CVX
27.32
SPY
28.24
Forward P/E
Winner
CVX
18.69
SPY
21.85
PEG Ratio
CVX
1.11
SPY
N/A
Dividend Yield
CVX
3.79%
SPY
N/A
5Y Dividends CAGR
Winner
CVX
6.01%
SPY
5.43%
5Y EPS CAGR
Winner
CVX
35.01%
SPY
25.79%
Debt to Equity
Winner
CVX
1.26%
SPY
22.35%
Free Cash Flow Yield
CVX
9.91%
SPY
N/A
P/S Ratio
Winner
CVX
1.97
SPY
3.55
P/B Ratio
Winner
CVX
2.07
SPY
5.29
CVX vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
CVX
-5.93%
Winner
SPY
+9.11%
3M
CVX
+0.36%
Winner
SPY
+6.59%
6M
Winner
CVX
+19.53%
SPY
+10.56%
1Y
Winner
CVX
+38.42%
SPY
+32.04%
5Y(CAGR)
Winner
CVX
+15.24%
SPY
+13.35%
10Y(CAGR)
CVX
+10.71%
Winner
SPY
+15.49%
Max(CAGR)
Winner
CVX
+9.32%
SPY
+8.50%
CVX vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | CVX | SPY |
|---|---|---|
| 2026 | +17.54% | +8.27% |
| 2025 | +8.72% | +18.00% |
| 2024 | +1.02% | +25.59% |
| 2023 | -10.89% | +26.72% |
| 2022 | +55.94% | -18.64% |
| 2021 | +45.87% | +30.52% |
| 2020 | -26.53% | +17.28% |
| 2019 | +13.30% | +31.09% |
| 2018 | -11.47% | -5.24% |
| 2017 | +10.48% | +20.78% |
| 2016 | +38.35% | +13.59% |
| 2015 | -16.51% | +1.31% |
| 2014 | -6.41% | +14.56% |
| 2013 | +16.89% | +29.00% |
| 2012 | +1.30% | +14.17% |
| 2011 | +19.38% | +0.85% |
| 2010 | +19.73% | +13.14% |
| 2009 | +4.50% | +22.67% |
| 2008 | -18.43% | -36.25% |
| 2007 | +35.27% | +5.32% |
| 2006 | +28.53% | +13.85% |
| 2005 | +15.04% | +5.32% |
| 2004 | +26.30% | +10.75% |
| 2003 | +32.73% | +24.18% |
| 2002 | -23.00% | -22.42% |
| 2001 | +7.38% | -10.13% |
| 2000 | +4.12% | -8.84% |
| 1999 | -4.62% | +8.61% |
CVX vs SPY Drawdown Comparison
The maximum drawdown for CVX was -55.77%, occurring on Mar 23, 2020. Recovery took 566 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current CVX drawdown is -14.06%.
| Rank | CVX | SPY |
|---|---|---|
| #1 | -55.77% Jul 24, 2019 - Oct 20, 2021 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -45.42% Jul 24, 2014 - Sep 25, 2017 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -43.80% May 20, 2008 - Jan 26, 2011 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -33.63% Jun 4, 2001 - Mar 1, 2004 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -25.79% Nov 17, 1999 - Mar 8, 2001 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -24.95% Jun 8, 2022 - Oct 28, 2022 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -22.26% Jan 26, 2023 - Jan 14, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -21.52% Jan 12, 2018 - Jul 24, 2019 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -18.64% Feb 28, 2005 - Aug 10, 2005 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -18.29% Dec 28, 2007 - Apr 23, 2008 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -17.53% Jul 21, 2011 - Oct 27, 2011 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -16.46% Sep 29, 2005 - Jul 10, 2006 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -15.15% Oct 28, 2011 - Jan 3, 2012 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -14.06% Mar 27, 2026 - May 8, 2026 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -13.19% Jul 13, 2007 - Sep 18, 2007 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between CVX and SPY is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (1999 - 2026)
CVX vs SPY dividend yield comparison.
| Year | CVX | SPY |
|---|---|---|
| 2026 | 0.98% | 0.24% |
| 2025 | 4.49% | 1.07% |
| 2024 | 4.50% | 1.21% |
| 2023 | 4.05% | 1.40% |
| 2022 | 3.16% | 1.65% |
| 2021 | 4.52% | 1.20% |
| 2020 | 6.11% | 1.52% |
| 2019 | 3.95% | 1.75% |
| 2018 | 4.12% | 2.04% |
| 2017 | 3.45% | 1.80% |
| 2016 | 3.64% | 2.03% |
| 2015 | 4.76% | 2.06% |
| 2014 | 3.75% | 1.87% |
| 2013 | 3.12% | 1.81% |
| 2012 | 3.25% | 2.18% |
| 2011 | 2.90% | 2.05% |
| 2010 | 3.11% | 1.80% |
| 2009 | 3.45% | 1.95% |
| 2008 | 3.42% | 3.02% |
| 2007 | 2.42% | 1.85% |
| 2006 | 2.73% | 1.73% |
| 2005 | 3.08% | 1.73% |
| 2004 | 2.91% | 1.82% |
| 2003 | 3.31% | 1.47% |
| 2002 | 4.21% | 1.70% |
| 2001 | 2.96% | 1.25% |
| 2000 | 3.08% | 1.15% |
| 1999 | 0.75% | 0.24% |
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