PBF vs VLO: Correlation
PBF Energy Inc. (PBF) and Valero Energy (VLO) show a very strong relationship: their 3-year correlation of weekly returns is 0.83.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PBF and VLO?
Across a 3-year window, the weekly returns of PBF and VLO correlate at 0.83, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.84 over 1 year against 0.83 over 3. Stretching to 5 years gives 0.81, with an annualized covariance of 1702.7 %².
VLO is one of the assets that tracks PBF most closely: it ranks #1 out of the 12 assets we track against PBF. Correlation aside, the last 12 months split them widely, with PBF ahead by 32.2 points (+167.0% versus +134.8%). Risk is not evenly split, since PBF carries 1.7 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.
PBF vs VLO: side by side
| PBF (PBF Energy Inc.) | VLO (Valero Energy) | |
|---|---|---|
| 1-year return | +167.0% | +134.8% |
| 5-year return | +642.1% | +512.9% |
| Volatility (ann.) | 58.6% | 34.8% |
| Beta vs S&P 500 | 0.47 | 0.55 |
| Max drawdown (3Y) | -76.0% | -41.2% |
| Market cap | $8.1B | $99.8B |
| P/E (trailing) | 6.1 | 14.5 |
| Dividend yield | 1.58% | 1.34% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | PBF | VLO |
|---|---|---|
| 2022 | +215.8% | +75.0% |
| 2023 | +10.0% | +5.9% |
| 2024 | -38.0% | -3.0% |
| 2025 | +6.8% | +37.0% |
| 2026 | +157.6% | +116.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PBF and VLO good diversifiers for each other?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between PBF and VLO?
The PBF/VLO correlation stands at 0.83 on a 3-year window (1 year: 0.84, 5 years: 0.81), computed from weekly returns as of 2026-08-27.
Is VLO a good diversifier for PBF?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.83 mean?
On the −1 to +1 scale, 0.83 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: PBF correlations · VLO correlations
