HPK vs VET: Correlation
Measured on weekly returns over the past three years, HighPeak Energy, Inc. (HPK) and Vermilion Energy Inc. Common (Canada) (VET) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HPK and VET?
Across a 3-year window, the weekly returns of HPK and VET correlate at 0.67, strong. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. Stretching to 5 years gives 0.54, with an annualized covariance of 1641.0 %².
Within HPK's tracked universe of 13 assets, VET comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VET ahead by 61.2 points (+7.2% 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.
HPK vs VET: side by side
| HPK (HighPeak Energy, Inc.) | VET (Vermilion Energy Inc. Common (Canada)) | |
|---|---|---|
| 1-year return | +7.2% | +68.4% |
| 5-year return | -11.4% | +115.2% |
| Volatility (ann.) | 55.8% | 43.6% |
| Beta vs S&P 500 | 0.31 | 0.31 |
| Max drawdown (3Y) | -77.8% | -63.4% |
| Market cap | $1.0B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 1.03% | 4.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HPK | VET |
|---|---|---|
| 2022 | +56.9% | +42.1% |
| 2023 | -37.4% | -30.3% |
| 2024 | +4.3% | -19.4% |
| 2025 | -67.2% | -9.1% |
| 2026 | +68.8% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HPK and VET good diversifiers for each other?
Only partially. A correlation of 0.67 means HPK 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 HPK and VET?
As of 2026-08-27, the correlation of weekly returns between HPK and VET is 0.67 over 3 years, 0.58 over 1 year and 0.54 over 5 years.
Is VET a good diversifier for HPK?
Only partially. A correlation of 0.67 means HPK 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 0.67 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: HPK correlations · VET correlations
