FANG vs VET: Correlation
Diamondback Energy (FANG) and Vermilion Energy Inc. Common (Canada) (VET) show a strong relationship: their 3-year correlation of weekly returns is 0.79.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FANG and VET?
Across a 3-year window, the weekly returns of FANG and VET correlate at 0.79, strong. The relationship has been stable: the 1-year correlation (0.78) sits close to the 3-year figure. Stretching to 5 years gives 0.76, with an annualized covariance of 1175.2 %².
Within FANG's tracked universe of 41 assets, VET comes in at #13 by 3-year correlation. The last year tells two different stories: VET led by 28.8 percentage points, +39.6% for FANG against +68.4% for VET.
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.
FANG vs VET: side by side
| FANG (Diamondback Energy) | VET (Vermilion Energy Inc. Common (Canada)) | |
|---|---|---|
| 1-year return | +39.6% | +68.4% |
| 5-year return | +224.9% | +115.2% |
| Volatility (ann.) | 34.1% | 43.6% |
| Beta vs S&P 500 | 0.32 | 0.31 |
| Max drawdown (3Y) | -42.1% | -63.4% |
| Market cap | $56.1B | $1.9B |
| P/E (trailing) | 38.0 | – |
| Dividend yield | 2.13% | 4.32% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | FANG | VET |
|---|---|---|
| 2022 | +35.3% | +42.1% |
| 2023 | +19.7% | -30.3% |
| 2024 | +10.3% | -19.4% |
| 2025 | -5.6% | -9.1% |
| 2026 | +35.7% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FANG and VET good diversifiers for each other?
To a limited degree. At 0.79 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FANG and VET?
As of 2026-08-27, the correlation of weekly returns between FANG and VET is 0.79 over 3 years, 0.78 over 1 year and 0.76 over 5 years.
Is VET a good diversifier for FANG?
To a limited degree. At 0.79 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.79 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: FANG correlations · VET correlations
