CVX vs SU: Correlation
How closely do Chevron Corporation (CVX) and Suncor Energy Inc. (SU) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVX and SU?
Across a 3-year window, the weekly returns of CVX and SU correlate at 0.72, strong. Recent behaviour matches the longer record: 0.81 over 1 year against 0.72 over 3. Stretching to 5 years gives 0.74, with an annualized covariance of 500.8 %².
Within CVX's tracked universe of 29 assets, SU comes in at #13 by 3-year correlation. The last year tells two different stories: SU led by 33.9 percentage points, +30.4% for CVX against +64.3% for SU.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CVX vs SU: side by side
| CVX (Chevron Corporation) | SU (Suncor Energy Inc.) | |
|---|---|---|
| 1-year return | +30.4% | +64.3% |
| 5-year return | +148.1% | +325.4% |
| Volatility (ann.) | 23.8% | 29.1% |
| Beta vs S&P 500 | 0.22 | 0.13 |
| Max drawdown (3Y) | -20.8% | -22.7% |
| Market cap | $391.9B | $78.4B |
| P/E (trailing) | 19.3 | 12.1 |
| Dividend yield | 3.49% | 3.61% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | CVX | SU |
|---|---|---|
| 2022 | +58.5% | +32.3% |
| 2023 | -13.6% | +6.0% |
| 2024 | +1.3% | +16.2% |
| 2025 | +10.1% | +27.1% |
| 2026 | +34.7% | +51.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVX and SU good diversifiers for each other?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CVX and SU?
The CVX/SU correlation stands at 0.72 on a 3-year window (1 year: 0.81, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is SU a good diversifier for CVX?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.72 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cvx-vs-su.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvx-vs-su/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CVX correlations · SU correlations
