PBR vs VET: Correlation
Petroleo Brasileiro S.A. Petrobras (PBR) and Vermilion Energy Inc. Common (Canada) (VET) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PBR and VET?
Across a 3-year window, the weekly returns of PBR and VET correlate at 0.60, strong. The relationship has been stable: the 1-year correlation (0.63) sits close to the 3-year figure. Stretching to 5 years gives 0.53, with an annualized covariance of 865.7 %².
By 3-year correlation, VET places #4 of the 15 assets tracked against PBR. Over the last 12 months VET came out ahead by 12.3 percentage points (+56.1% against +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.
PBR vs VET: side by side
| PBR (Petroleo Brasileiro S.A. Petrobras) | VET (Vermilion Energy Inc. Common (Canada)) | |
|---|---|---|
| 1-year return | +56.1% | +68.4% |
| 5-year return | +417.1% | +115.2% |
| Volatility (ann.) | 32.9% | 43.6% |
| Beta vs S&P 500 | -0.08 | 0.31 |
| Max drawdown (3Y) | -26.9% | -63.4% |
| Market cap | $117.6B | $1.9B |
| P/E (trailing) | 4.5 | – |
| Dividend yield | 20.65% | 4.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PBR | VET |
|---|---|---|
| 2022 | +57.2% | +42.1% |
| 2023 | +89.2% | -30.3% |
| 2024 | -2.3% | -19.4% |
| 2025 | -1.1% | -9.1% |
| 2026 | +60.7% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PBR and VET good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PBR and VET?
The PBR/VET correlation stands at 0.60 on a 3-year window (1 year: 0.63, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is VET a good diversifier for PBR?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 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/pbr-vs-vet.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pbr-vs-vet/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PBR correlations · VET correlations
