PARR vs VLO: Correlation
Measured on weekly returns over the past three years, Par Pacific Holdings, Inc. (PARR) and Valero Energy (VLO) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PARR and VLO?
Across a 3-year window, the weekly returns of PARR and VLO correlate at 0.71, strong. Recent behaviour matches the longer record: 0.75 over 1 year against 0.71 over 3. Stretching to 5 years gives 0.71, with an annualized covariance of 1262.1 %².
By 3-year correlation, VLO places #5 of the 22 assets tracked against PARR. The trailing year gives VLO the advantage: +125.5% versus +134.8%, a 9.3-point spread.
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.
PARR vs VLO: side by side
| PARR (Par Pacific Holdings, Inc.) | VLO (Valero Energy) | |
|---|---|---|
| 1-year return | +125.5% | +134.8% |
| 5-year return | +375.6% | +512.9% |
| Volatility (ann.) | 51.3% | 34.8% |
| Beta vs S&P 500 | 0.13 | 0.55 |
| Max drawdown (3Y) | -69.7% | -41.2% |
| Market cap | $3.9B | $99.8B |
| P/E (trailing) | 4.4 | 14.5 |
| Dividend yield | 0.00% | 1.34% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | PARR | VLO |
|---|---|---|
| 2022 | +41.0% | +75.0% |
| 2023 | +56.4% | +5.9% |
| 2024 | -54.9% | -3.0% |
| 2025 | +114.4% | +37.0% |
| 2026 | +119.2% | +116.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PARR and VLO good diversifiers for each other?
Only partially. A correlation of 0.71 means PARR and VLO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between PARR and VLO?
The PARR/VLO correlation stands at 0.71 on a 3-year window (1 year: 0.75, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is VLO a good diversifier for PARR?
Only partially. A correlation of 0.71 means PARR and VLO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 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: PARR correlations · VLO correlations
