LYB vs VLO: Correlation
LyondellBasell (LYB) and Valero Energy (VLO) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYB and VLO?
Across a 3-year window, the weekly returns of LYB and VLO correlate at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. Stretching to 5 years gives 0.58, with an annualized covariance of 661.4 %².
By 3-year correlation, VLO places #14 of the 36 assets tracked against LYB. Correlation aside, the last 12 months split them widely, with VLO ahead by 115.7 points (+19.1% versus +134.8%). On a rolling one-year basis the correlation drifted between 0.42 and 0.72, a moderate band.
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.
LYB vs VLO: side by side
| LYB (LyondellBasell) | VLO (Valero Energy) | |
|---|---|---|
| 1-year return | +19.1% | +134.8% |
| 5-year return | -12.8% | +512.9% |
| Volatility (ann.) | 33.7% | 34.8% |
| Beta vs S&P 500 | 0.42 | 0.55 |
| Max drawdown (3Y) | -55.4% | -41.2% |
| Market cap | $20.4B | $99.8B |
| P/E (trailing) | – | 14.5 |
| Dividend yield | 6.58% | 1.34% |
| Sector / category | Materials | Energy |
Year-by-year returns
| Year | LYB | VLO |
|---|---|---|
| 2022 | -1.0% | +75.0% |
| 2023 | +20.7% | +5.9% |
| 2024 | -17.4% | -3.0% |
| 2025 | -36.0% | +37.0% |
| 2026 | +50.5% | +116.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYB and VLO good diversifiers for each other?
To a limited degree. At 0.56 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 LYB and VLO?
As of 2026-08-27, the correlation of weekly returns between LYB and VLO is 0.56 over 3 years, 0.54 over 1 year and 0.58 over 5 years.
Is VLO a good diversifier for LYB?
To a limited degree. At 0.56 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 0.56 mean?
A reading of 0.56 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: LYB correlations · VLO correlations
