APA vs VLO: Correlation
How closely do APA Corporation (APA) and Valero Energy (VLO) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APA and VLO?
Across a 3-year window, the weekly returns of APA and VLO correlate at 0.62, strong. Recent behaviour matches the longer record: 0.57 over 1 year against 0.62 over 3. Stretching to 5 years gives 0.64, with an annualized covariance of 908.4 %².
Among the 43 assets we track against APA, VLO ranks #24 by 3-year correlation. The last year tells two different stories: VLO led by 40.7 percentage points, +94.1% for APA against +134.8% for VLO. The rolling one-year correlation stayed in a tight band between 0.50 and 0.72 over the past three years, which points to a structural rather than episodic relationship.
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 VLO: side by side
| APA (APA Corporation) | VLO (Valero Energy) | |
|---|---|---|
| 1-year return | +94.1% | +134.8% |
| 5-year return | +164.2% | +512.9% |
| Volatility (ann.) | 41.8% | 34.8% |
| Beta vs S&P 500 | 0.38 | 0.55 |
| Max drawdown (3Y) | -67.4% | -41.2% |
| Market cap | $14.8B | $99.8B |
| P/E (trailing) | 8.7 | 14.5 |
| Dividend yield | 2.43% | 1.34% |
| Sector / category | Energy | Energy |
Year-by-year returns
| Year | APA | VLO |
|---|---|---|
| 2022 | +76.4% | +75.0% |
| 2023 | -21.2% | +5.9% |
| 2024 | -33.4% | -3.0% |
| 2025 | +11.5% | +37.0% |
| 2026 | +77.3% | +116.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APA and VLO good diversifiers for each other?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between APA and VLO?
The APA/VLO correlation stands at 0.62 on a 3-year window (1 year: 0.57, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is VLO a good diversifier for APA?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.62 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 · VLO correlations
