NRT vs VET: Correlation
How closely do North European Oil Royality Trust (NRT) and Vermilion Energy Inc. Common (Canada) (VET) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRT and VET?
On 3 years of weekly data the NRT/VET correlation comes out at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 1012.5 %².
In NRT's tracked universe of 62 assets, VET sits right near the top at #1. Correlation aside, the last 12 months split them widely, with NRT ahead by 16.8 points (+85.2% 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.
NRT vs VET: side by side
| NRT (North European Oil Royality Trust) | VET (Vermilion Energy Inc. Common (Canada)) | |
|---|---|---|
| 1-year return | +85.2% | +68.4% |
| 5-year return | +131.5% | +115.2% |
| Volatility (ann.) | 51.6% | 43.6% |
| Beta vs S&P 500 | -0.42 | 0.31 |
| Max drawdown (3Y) | -66.1% | -63.4% |
| Market cap | $0.1B | $1.9B |
| P/E (trailing) | 8.4 | – |
| Dividend yield | 11.95% | 4.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NRT | VET |
|---|---|---|
| 2022 | +41.9% | +42.1% |
| 2023 | -46.5% | -30.3% |
| 2024 | -25.3% | -19.4% |
| 2025 | +88.4% | -9.1% |
| 2026 | +41.9% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRT and VET good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NRT and VET?
As of 2026-08-27, the correlation of weekly returns between NRT and VET is 0.45 over 3 years, 0.53 over 1 year and 0.42 over 5 years.
Is VET a good diversifier for NRT?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 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: NRT correlations · VET correlations
