LOCL vs VLO: Correlation
Local Bounti Corporation (LOCL) and Valero Energy (VLO) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOCL and VLO?
Over the past 3 years, LOCL and VLO moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.01) than the 3-year average (-0.21). Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -1041.2 %².
By 3-year correlation, VLO places #21 of the 34 assets tracked against LOCL. Their recent paths diverged sharply: over the last 12 months VLO outperformed by 193.6 percentage points (-58.8% for LOCL against +134.8% for VLO). Risk is not evenly split, since LOCL carries 4.1 times the volatility of the other side.
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.
LOCL vs VLO: side by side
| LOCL (Local Bounti Corporation) | VLO (Valero Energy) | |
|---|---|---|
| 1-year return | -58.8% | +134.8% |
| 5-year return | -99.2% | +512.9% |
| Volatility (ann.) | 142.7% | 34.8% |
| Beta vs S&P 500 | -0.49 | 0.55 |
| Max drawdown (3Y) | -79.4% | -41.2% |
| Market cap | – | $99.8B |
| P/E (trailing) | – | 14.5 |
| Dividend yield | 0.00% | 1.34% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | LOCL | VLO |
|---|---|---|
| 2022 | -78.4% | +75.0% |
| 2023 | -88.5% | +5.9% |
| 2024 | +0.0% | -3.0% |
| 2025 | +3.4% | +37.0% |
| 2026 | -53.8% | +116.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOCL and VLO good diversifiers for each other?
Yes. With a correlation of -0.21, LOCL and VLO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LOCL and VLO?
As of 2026-08-27, the correlation of weekly returns between LOCL and VLO is -0.21 over 3 years, -0.01 over 1 year and -0.10 over 5 years.
Is VLO a good diversifier for LOCL?
Yes. With a correlation of -0.21, LOCL and VLO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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: LOCL correlations · VLO correlations
