DINO vs VLO: Correlation
How closely do HF Sinclair Corporation (DINO) and Valero Energy (VLO) trade together? Their weekly returns over three years give a correlation of 0.80, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DINO and VLO?
On 3 years of weekly data the DINO/VLO correlation comes out at 0.80, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.76) sits close to the 3-year figure. The 5-year figure is 0.79, and annualized covariance runs at 1045.1 %².
Among the 15 assets we track against DINO, VLO ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VLO ahead by 35.1 points (+99.7% versus +134.8%).
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.
DINO vs VLO: side by side
| DINO (HF Sinclair Corporation) | VLO (Valero Energy) | |
|---|---|---|
| 1-year return | +99.7% | +134.8% |
| 5-year return | +259.1% | +512.9% |
| Volatility (ann.) | 37.3% | 34.8% |
| Beta vs S&P 500 | 0.56 | 0.55 |
| Max drawdown (3Y) | -57.4% | -41.2% |
| Market cap | $17.2B | $99.8B |
| P/E (trailing) | 9.2 | 14.5 |
| Dividend yield | 2.07% | 1.34% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | DINO | VLO |
|---|---|---|
| 2022 | +61.9% | +75.0% |
| 2023 | +11.0% | +5.9% |
| 2024 | -34.4% | -3.0% |
| 2025 | +38.1% | +37.0% |
| 2026 | +115.4% | +116.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DINO and VLO good diversifiers for each other?
No. With a correlation of 0.80, DINO and VLO move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between DINO and VLO?
The DINO/VLO correlation stands at 0.80 on a 3-year window (1 year: 0.76, 5 years: 0.79), computed from weekly returns as of 2026-08-27.
Is VLO a good diversifier for DINO?
No. With a correlation of 0.80, DINO and VLO move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.80 mean?
A reading of 0.80 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DINO correlations · VLO correlations
