PR vs VET: Correlation
How closely do Permian Resources Corporation (PR) and Vermilion Energy Inc. Common (Canada) (VET) trade together? Their weekly returns over three years give a correlation of 0.82, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PR and VET?
Over the past 3 years, PR and VET moved with a correlation of 0.82, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.77 lands near the 3-year figure. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 1265.1 %².
By 3-year correlation, VET places #10 of the 33 assets tracked against PR. Twelve-month performance is nearly a tie, at +70.3% for PR and +68.4% for VET.
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.
PR vs VET: side by side
| PR (Permian Resources Corporation) | VET (Vermilion Energy Inc. Common (Canada)) | |
|---|---|---|
| 1-year return | +70.3% | +68.4% |
| 5-year return | +430.6% | +115.2% |
| Volatility (ann.) | 35.4% | 43.6% |
| Beta vs S&P 500 | 0.39 | 0.31 |
| Max drawdown (3Y) | -39.9% | -63.4% |
| Market cap | $19.4B | $1.9B |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 2.73% | 4.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PR | VET |
|---|---|---|
| 2022 | +57.9% | +42.1% |
| 2023 | +49.4% | -30.3% |
| 2024 | +10.7% | -19.4% |
| 2025 | +1.9% | -9.1% |
| 2026 | +68.0% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PR and VET good diversifiers for each other?
No: a correlation of 0.82 means PR and VET tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between PR and VET?
The PR/VET correlation stands at 0.82 on a 3-year window (1 year: 0.77, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is VET a good diversifier for PR?
No: a correlation of 0.82 means PR and VET tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.82 mean?
On the −1 to +1 scale, 0.82 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pr-vs-vet.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: PR correlations · VET correlations
