USAR vs VLO: Correlation
USA Rare Earth, Inc. (USAR) and Valero Energy (VLO) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are USAR and VLO?
Across a 3-year window, the weekly returns of USAR and VLO correlate at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.19 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -646.8 %².
Within USAR's tracked universe of 34 assets, VLO comes in at #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VLO ahead by 112.1 points (+22.7% versus +134.8%). Note the risk asymmetry: USAR runs 2.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
USAR vs VLO: side by side
| USAR (USA Rare Earth, Inc.) | VLO (Valero Energy) | |
|---|---|---|
| 1-year return | +22.7% | +134.8% |
| 5-year return | n/a | +512.9% |
| Volatility (ann.) | 98.3% | 34.8% |
| Beta vs S&P 500 | -0.14 | 0.55 |
| Max drawdown (3Y) | -69.2% | -41.2% |
| Market cap | $4.7B | $99.8B |
| P/E (trailing) | – | 14.5 |
| Dividend yield | 0.00% | 1.34% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | USAR | VLO |
|---|---|---|
| 2022 | – | +75.0% |
| 2023 | – | +5.9% |
| 2024 | +11.1% | -3.0% |
| 2025 | +3.7% | +37.0% |
| 2026 | +61.8% | +116.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are USAR and VLO good diversifiers for each other?
Yes. With a correlation of -0.19, USAR and VLO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between USAR and VLO?
The USAR/VLO correlation stands at -0.19 on a 3-year window (1 year: -0.26, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VLO a good diversifier for USAR?
Yes. With a correlation of -0.19, USAR and VLO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 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: USAR correlations · VLO correlations
