SU vs VET: Correlation
Measured on weekly returns over the past three years, Suncor Energy Inc. (SU) and Vermilion Energy Inc. Common (Canada) (VET) carry a correlation of 0.80, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SU and VET?
On 3 years of weekly data the SU/VET correlation comes out at 0.80, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.80 lands near the 3-year figure. The 5-year figure is 0.73, and annualized covariance runs at 1016.1 %².
Within SU's tracked universe of 24 assets, VET comes in at #6 by 3-year correlation. Neither side won the trailing year by much: +64.3% 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.
SU vs VET: side by side
| SU (Suncor Energy Inc.) | VET (Vermilion Energy Inc. Common (Canada)) | |
|---|---|---|
| 1-year return | +64.3% | +68.4% |
| 5-year return | +325.4% | +115.2% |
| Volatility (ann.) | 29.1% | 43.6% |
| Beta vs S&P 500 | 0.13 | 0.31 |
| Max drawdown (3Y) | -22.7% | -63.4% |
| Market cap | $78.4B | $1.9B |
| P/E (trailing) | 12.1 | – |
| Dividend yield | 3.61% | 4.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SU | VET |
|---|---|---|
| 2022 | +32.3% | +42.1% |
| 2023 | +6.0% | -30.3% |
| 2024 | +16.2% | -19.4% |
| 2025 | +27.1% | -9.1% |
| 2026 | +51.9% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SU and VET good diversifiers for each other?
No. With a correlation of 0.80, SU and VET move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between SU and VET?
Using weekly returns as of 2026-08-27: 0.80 over 3 years, with 0.80 over the last year and 0.73 over 5 years.
Is VET a good diversifier for SU?
No. With a correlation of 0.80, SU and VET move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.80 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: SU correlations · VET correlations
