MAMO vs VLO: Correlation
Measured on weekly returns over the past three years, Massimo Group (MAMO) and Valero Energy (VLO) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAMO and VLO?
Across a 3-year window, the weekly returns of MAMO and VLO correlate at -0.20, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.34) runs below the 3-year figure (-0.20). Stretching to 5 years gives n/a, with an annualized covariance of -640.6 %².
Within MAMO's tracked universe of 23 assets, VLO comes in at #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VLO ahead by 200.9 points (-66.1% versus +134.8%). Risk is not evenly split, since MAMO carries 2.5 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.
MAMO vs VLO: side by side
| MAMO (Massimo Group) | VLO (Valero Energy) | |
|---|---|---|
| 1-year return | -66.1% | +134.8% |
| 5-year return | n/a | +512.9% |
| Volatility (ann.) | 87.3% | 34.8% |
| Beta vs S&P 500 | 0.53 | 0.55 |
| Max drawdown (3Y) | -83.6% | -41.2% |
| Market cap | – | $99.8B |
| P/E (trailing) | 10.0 | 14.5 |
| Dividend yield | 0.00% | 1.34% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | MAMO | VLO |
|---|---|---|
| 2022 | – | +75.0% |
| 2023 | – | +5.9% |
| 2024 | – | -3.0% |
| 2025 | +54.9% | +37.0% |
| 2026 | -74.9% | +116.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAMO and VLO good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between MAMO and VLO?
As of 2026-08-27, the correlation of weekly returns between MAMO and VLO is -0.20 over 3 years, -0.34 over 1 year and n/a over 5 years.
Is VLO a good diversifier for MAMO?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: MAMO correlations · VLO correlations
