CVI vs VLO: Correlation
Measured on weekly returns over the past three years, CVR Energy Inc. (CVI) and Valero Energy (VLO) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVI and VLO?
Across a 3-year window, the weekly returns of CVI and VLO correlate at 0.69, strong. Recent behaviour matches the longer record: 0.61 over 1 year against 0.69 over 3. Stretching to 5 years gives 0.75, with an annualized covariance of 1245.2 %².
Among the 12 assets we track against CVI, VLO ranks #5 by 3-year correlation. The last year tells two different stories: VLO led by 99.5 percentage points, +35.3% for CVI against +134.8% for VLO.
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.
CVI vs VLO: side by side
| CVI (CVR Energy Inc.) | VLO (Valero Energy) | |
|---|---|---|
| 1-year return | +35.3% | +134.8% |
| 5-year return | +297.3% | +512.9% |
| Volatility (ann.) | 51.8% | 34.8% |
| Beta vs S&P 500 | 0.71 | 0.55 |
| Max drawdown (3Y) | -56.2% | -41.2% |
| Market cap | $4.0B | $99.8B |
| P/E (trailing) | 58.5 | 14.5 |
| Dividend yield | 1.42% | 1.34% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | CVI | VLO |
|---|---|---|
| 2022 | +115.4% | +75.0% |
| 2023 | +11.5% | +5.9% |
| 2024 | -34.9% | -3.0% |
| 2025 | +35.8% | +37.0% |
| 2026 | +57.3% | +116.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVI and VLO good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CVI and VLO?
As of 2026-08-27, the correlation of weekly returns between CVI and VLO is 0.69 over 3 years, 0.61 over 1 year and 0.75 over 5 years.
Is VLO a good diversifier for CVI?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 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: CVI correlations · VLO correlations
