PEO vs VLO: Correlation
How closely do Adams Natural Resources Fund, Inc. (PEO) and Valero Energy (VLO) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEO and VLO?
On 3 years of weekly data the PEO/VLO correlation comes out at 0.73, strong. Lately the two have drifted apart, with the 1-year correlation at 0.60 versus 0.73 over 3 years. The 5-year figure is 0.75, and annualized covariance runs at 514.5 %².
By 3-year correlation, VLO places #15 of the 42 assets tracked against PEO. The last year tells two different stories: VLO led by 93.2 percentage points, +41.6% for PEO against +134.8% for VLO. Risk is not evenly split, since VLO 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.
PEO vs VLO: side by side
| PEO (Adams Natural Resources Fund, Inc.) | VLO (Valero Energy) | |
|---|---|---|
| 1-year return | +41.6% | +134.8% |
| 5-year return | +179.3% | +512.9% |
| Volatility (ann.) | 20.2% | 34.8% |
| Beta vs S&P 500 | 0.30 | 0.55 |
| Max drawdown (3Y) | -18.9% | -41.2% |
| Market cap | $0.8B | $99.8B |
| P/E (trailing) | 4.8 | 14.5 |
| Dividend yield | 7.09% | 1.34% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | PEO | VLO |
|---|---|---|
| 2022 | +41.8% | +75.0% |
| 2023 | +0.9% | +5.9% |
| 2024 | +13.6% | -3.0% |
| 2025 | +10.0% | +37.0% |
| 2026 | +38.5% | +116.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEO and VLO good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PEO and VLO?
As of 2026-08-27, the correlation of weekly returns between PEO and VLO is 0.73 over 3 years, 0.60 over 1 year and 0.75 over 5 years.
Is VLO a good diversifier for PEO?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 mean?
A reading of 0.73 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/peo-vs-vlo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/peo-vs-vlo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PEO correlations · VLO correlations
