APA vs VET: Correlation
Measured on weekly returns over the past three years, APA Corporation (APA) and Vermilion Energy Inc. Common (Canada) (VET) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APA and VET?
Across a 3-year window, the weekly returns of APA and VET correlate at 0.77, strong. Little has changed lately, as the 1-year reading of 0.77 lands near the 3-year figure. Stretching to 5 years gives 0.74, with an annualized covariance of 1411.0 %².
By 3-year correlation, VET places #14 of the 43 assets tracked against APA. The last year tells two different stories: APA led by 25.7 percentage points, +94.1% for APA against +68.4% for VET.
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.
APA vs VET: side by side
| APA (APA Corporation) | VET (Vermilion Energy Inc. Common (Canada)) | |
|---|---|---|
| 1-year return | +94.1% | +68.4% |
| 5-year return | +164.2% | +115.2% |
| Volatility (ann.) | 41.8% | 43.6% |
| Beta vs S&P 500 | 0.38 | 0.31 |
| Max drawdown (3Y) | -67.4% | -63.4% |
| Market cap | $14.8B | $1.9B |
| P/E (trailing) | 8.7 | – |
| Dividend yield | 2.43% | 4.32% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | APA | VET |
|---|---|---|
| 2022 | +76.4% | +42.1% |
| 2023 | -21.2% | -30.3% |
| 2024 | -33.4% | -19.4% |
| 2025 | +11.5% | -9.1% |
| 2026 | +77.3% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APA and VET good diversifiers for each other?
Only partially. A correlation of 0.77 means APA and VET share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between APA and VET?
The APA/VET correlation stands at 0.77 on a 3-year window (1 year: 0.77, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is VET a good diversifier for APA?
Only partially. A correlation of 0.77 means APA and VET share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.77 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.
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Related comparisons
Hubs: APA correlations · VET correlations
