CHRD vs VET: Correlation
Chord Energy Corporation (CHRD) and Vermilion Energy Inc. Common (Canada) (VET) show a very strong relationship: their 3-year correlation of weekly returns is 0.82.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRD and VET?
Over the past 3 years, CHRD and VET moved with a correlation of 0.82, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.78 lands near the 3-year figure. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 1269.0 %².
Within CHRD's tracked universe of 38 assets, VET comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VET ahead by 27.8 points (+40.6% versus +68.4%).
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.
CHRD vs VET: side by side
| CHRD (Chord Energy Corporation) | VET (Vermilion Energy Inc. Common (Canada)) | |
|---|---|---|
| 1-year return | +40.6% | +68.4% |
| 5-year return | +164.0% | +115.2% |
| Volatility (ann.) | 35.4% | 43.6% |
| Beta vs S&P 500 | 0.34 | 0.31 |
| Max drawdown (3Y) | -53.9% | -63.4% |
| Market cap | $8.0B | $1.9B |
| P/E (trailing) | 9.5 | – |
| Dividend yield | 3.71% | 4.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHRD | VET |
|---|---|---|
| 2022 | +34.1% | +42.1% |
| 2023 | +31.7% | -30.3% |
| 2024 | -25.0% | -19.4% |
| 2025 | -16.4% | -9.1% |
| 2026 | +62.0% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRD and VET good diversifiers for each other?
No: a correlation of 0.82 means CHRD and VET tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between CHRD and VET?
As of 2026-08-27, the correlation of weekly returns between CHRD and VET is 0.82 over 3 years, 0.78 over 1 year and 0.73 over 5 years.
Is VET a good diversifier for CHRD?
No: a correlation of 0.82 means CHRD and VET tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.82 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: CHRD correlations · VET correlations
