BATL vs VEA: Correlation
Battalion Oil Corporation (BATL) and Vanguard FTSE Developed Markets ETF (VEA) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BATL and VEA?
Across a 3-year window, the weekly returns of BATL and VEA correlate at -0.17, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.42) than the 3-year average (-0.17). Stretching to 5 years gives -0.06, with an annualized covariance of -634.0 %².
By 3-year correlation, VEA places #22 of the 44 assets tracked against BATL. The last year tells two different stories: VEA led by 15.8 percentage points, +12.7% for BATL against +28.5% for VEA. One caveat on sizing: BATL is 16.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BATL vs VEA: side by side
| BATL (Battalion Oil Corporation) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | +12.7% | +28.5% |
| 5-year return | -87.1% | +63.5% |
| Volatility (ann.) | 252.0% | 15.1% |
| Beta vs S&P 500 | -0.19 | 0.79 |
| Max drawdown (3Y) | -95.8% | -13.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.56% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $314.9B |
| Sector / category | US Listed | ETF · International |
VEA is a Foreign Large Blend fund from Vanguard: $314.9B under management, 3769 holdings, a 0.03% expense ratio, a 2.56% trailing dividend yield.
Year-by-year returns
| Year | BATL | VEA |
|---|---|---|
| 2022 | -0.9% | -15.3% |
| 2023 | -1.0% | +17.9% |
| 2024 | -82.1% | +3.1% |
| 2025 | -34.3% | +35.2% |
| 2026 | +17.7% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BATL and VEA good diversifiers for each other?
Yes. With a correlation of -0.17, BATL and VEA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BATL and VEA?
The BATL/VEA correlation stands at -0.17 on a 3-year window (1 year: -0.42, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is VEA a good diversifier for BATL?
Yes. With a correlation of -0.17, BATL and VEA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/batl-vs-vea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/batl-vs-vea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BATL correlations · VEA correlations
