MGY vs VTS: Correlation
How closely do Magnolia Oil & Gas Corporation (MGY) and Vitesse Energy, Inc. (VTS) trade together? Their weekly returns over three years give a correlation of 0.68, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGY and VTS?
Over the past 3 years, MGY and VTS moved with a correlation of 0.68, which is strong. The past 12 months show a weaker link (0.49) than the 3-year average (0.68). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 664.6 %².
Among the 28 assets we track against MGY, VTS ranks #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MGY outperformed by 39.9 percentage points (+10.6% for MGY against -29.3% for VTS).
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.
MGY vs VTS: side by side
| MGY (Magnolia Oil & Gas Corporation) | VTS (Vitesse Energy, Inc.) | |
|---|---|---|
| 1-year return | +10.6% | -29.3% |
| 5-year return | +92.1% | n/a |
| Volatility (ann.) | 32.0% | 30.6% |
| Beta vs S&P 500 | 0.40 | 0.54 |
| Max drawdown (3Y) | -31.5% | -38.4% |
| Market cap | $6.5B | $0.7B |
| P/E (trailing) | 11.5 | – |
| Dividend yield | 2.50% | 11.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MGY | VTS |
|---|---|---|
| 2022 | +26.5% | – |
| 2023 | -7.3% | – |
| 2024 | +12.2% | +24.3% |
| 2025 | -3.8% | -15.2% |
| 2026 | +24.1% | -6.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGY and VTS good diversifiers for each other?
To a limited degree. At 0.68 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 MGY and VTS?
As of 2026-08-27, the correlation of weekly returns between MGY and VTS is 0.68 over 3 years, 0.49 over 1 year and n/a over 5 years.
Is VTS a good diversifier for MGY?
To a limited degree. At 0.68 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 0.68 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mgy-vs-vts.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mgy-vs-vts/)
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Related comparisons
Hubs: MGY correlations · VTS correlations
