GTE vs VET: Correlation
Measured on weekly returns over the past three years, Gran Tierra Energy Inc. (GTE) and Vermilion Energy Inc. Common (Canada) (VET) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTE and VET?
Across a 3-year window, the weekly returns of GTE and VET correlate at 0.62, strong. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. Stretching to 5 years gives 0.65, with an annualized covariance of 1642.5 %².
In GTE's tracked universe of 13 assets, VET sits right near the top at #2. The last year tells two different stories: GTE led by 74.6 percentage points, +143.0% for GTE 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.
GTE vs VET: side by side
| GTE (Gran Tierra Energy Inc.) | VET (Vermilion Energy Inc. Common (Canada)) | |
|---|---|---|
| 1-year return | +143.0% | +68.4% |
| 5-year return | +90.8% | +115.2% |
| Volatility (ann.) | 60.6% | 43.6% |
| Beta vs S&P 500 | 0.32 | 0.31 |
| Max drawdown (3Y) | -66.9% | -63.4% |
| Market cap | $0.4B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 4.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GTE | VET |
|---|---|---|
| 2022 | +30.3% | +42.1% |
| 2023 | -43.0% | -30.3% |
| 2024 | +28.2% | -19.4% |
| 2025 | -41.4% | -9.1% |
| 2026 | +138.4% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTE and VET good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GTE and VET?
As of 2026-08-27, the correlation of weekly returns between GTE and VET is 0.62 over 3 years, 0.56 over 1 year and 0.65 over 5 years.
Is VET a good diversifier for GTE?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 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: GTE correlations · VET correlations
