CRGY vs VET: Correlation
How closely do Crescent Energy Company (CRGY) and Vermilion Energy Inc. Common (Canada) (VET) trade together? Their weekly returns over three years give a correlation of 0.77, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRGY and VET?
Over the past 3 years, CRGY and VET moved with a correlation of 0.77, which is strong. Little has changed lately, as the 1-year reading of 0.75 lands near the 3-year figure. Over 5 years the correlation is 0.72, and the annualized covariance of weekly returns is 1642.9 %².
Within CRGY's tracked universe of 15 assets, VET comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VET ahead by 15.3 points (+53.1% 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.
CRGY vs VET: side by side
| CRGY (Crescent Energy Company) | VET (Vermilion Energy Inc. Common (Canada)) | |
|---|---|---|
| 1-year return | +53.1% | +68.4% |
| 5-year return | -0.0% | +115.2% |
| Volatility (ann.) | 48.9% | 43.6% |
| Beta vs S&P 500 | 0.81 | 0.31 |
| Max drawdown (3Y) | -55.9% | -63.4% |
| Market cap | $5.4B | $1.9B |
| P/E (trailing) | 170.6 | – |
| Dividend yield | 3.59% | 4.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRGY | VET |
|---|---|---|
| 2022 | -1.5% | +42.1% |
| 2023 | +15.6% | -30.3% |
| 2024 | +15.2% | -19.4% |
| 2025 | -39.6% | -9.1% |
| 2026 | +67.5% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRGY and VET good diversifiers for each other?
Only partially. A correlation of 0.77 means CRGY 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 CRGY and VET?
The CRGY/VET correlation stands at 0.77 on a 3-year window (1 year: 0.75, 5 years: 0.72), computed from weekly returns as of 2026-08-27.
Is VET a good diversifier for CRGY?
Only partially. A correlation of 0.77 means CRGY 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?
On the −1 to +1 scale, 0.77 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.
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Related comparisons
Hubs: CRGY correlations · VET correlations
