EQNR vs. VLO
EQNR (Equinor ASA) and VLO (Valero Energy Corporation) are both stocks. Both are in the Energy sector — EQNR in Oil & Gas Integrated, VLO in Oil & Gas Refining & Marketing. Over the past 5 years, EQNR returned 18.26%/yr vs 30.28%/yr for VLO. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
EQNR vs. VLO - Performance Comparison
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Returns By Period
In the year-to-date period, EQNR achieves a 56.74% return, which is significantly lower than VLO's 60.63% return.
EQNR
- 1D
- -1.55%
- 1M
- -4.52%
- YTD
- 56.74%
- 6M
- 60.62%
- 1Y
- 44.70%
- 3Y*
- 16.35%
- 5Y*
- 18.26%
- 10Y*
- —
VLO
- 1D
- 1.20%
- 1M
- 6.47%
- YTD
- 60.63%
- 6M
- 55.37%
- 1Y
- 98.72%
- 3Y*
- 35.62%
- 5Y*
- 30.28%
- 10Y*
- 22.25%
EQNR vs. VLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EQNR Equinor ASA | 56.74% | 7.70% | -15.98% | -0.78% | 40.77% | 64.55% | -13.57% | -0.99% | -21.06% |
VLO Valero Energy Corporation | 60.63% | 36.97% | -2.96% | 5.86% | 74.95% | 40.25% | -35.69% | 30.27% | -33.78% |
Correlation
The correlation between EQNR and VLO is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 16, 2018 | 0.53 |
The correlation between EQNR and VLO shifts across timeframes, from 0.42 (3 years) to 0.53 (all time), reflecting how their relationship changes across market environments.
Fundamentals
EQNR:
$90.56B
VLO:
$77.08B
EQNR:
$2.15
VLO:
$13.77
EQNR:
16.84
VLO:
18.79
EQNR:
0.52
VLO:
0.07
EQNR:
0.89
VLO:
0.63
EQNR:
2.08
VLO:
2.86
EQNR:
$104.23B
VLO:
$126.17B
EQNR:
$36.46B
VLO:
$12.45B
EQNR:
$39.36B
VLO:
$9.02B
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Return for Risk
EQNR vs. VLO — Risk / Return Rank
EQNR
VLO
EQNR vs. VLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Equinor ASA (EQNR) and Valero Energy Corporation (VLO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EQNR | VLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.43 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 7.00 | -4.46 |
| Martin ratioReturn relative to average drawdown | 4.31 | 17.41 | -13.10 |
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Drawdowns
EQNR vs. VLO - Drawdown Comparison
The maximum EQNR drawdown since its inception was -66.77%, smaller than the maximum VLO drawdown of -87.50%. Use the drawdown chart below to compare losses from any high point for EQNR and VLO.
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Drawdown Indicators
| EQNR | VLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.77% | -87.50% | +20.73% |
Max Drawdown (1Y)Largest decline over 1 year | -17.72% | -14.19% | -3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -27.58% | -41.22% | +13.64% |
Max Drawdown (5Y)Largest decline over 5 years | -35.50% | -41.22% | +5.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.88% | — |
Current DrawdownCurrent decline from peak | -13.80% | -1.06% | -12.74% |
Average DrawdownAverage peak-to-trough decline | -21.46% | -34.25% | +12.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.41% | 5.69% | +4.72% |
Volatility
EQNR vs. VLO - Volatility Comparison
Equinor ASA (EQNR) has a higher volatility of 10.50% compared to Valero Energy Corporation (VLO) at 9.80%. This indicates that EQNR's price experiences larger fluctuations and is considered to be riskier than VLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQNR | VLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.50% | 9.80% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 29.99% | 27.42% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.03% | 34.83% | +1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.91% | 36.92% | -3.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.25% | 40.36% | -4.11% |
Dividends
EQNR vs. VLO - Dividend Comparison
EQNR's dividend yield for the trailing twelve months is around 4.15%, more than VLO's 1.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQNR Equinor ASA | 4.15% | 7.66% | 12.66% | 11.38% | 3.30% | 2.13% | 4.32% | 5.07% | 3.26% | 0.00% | 0.00% | 0.00% |
VLO Valero Energy Corporation | 1.80% | 2.78% | 3.49% | 3.14% | 3.09% | 5.22% | 6.93% | 3.84% | 4.27% | 2.34% | 3.51% | 2.40% |
Financials
EQNR vs. VLO - Financials Comparison
This section allows you to compare key financial metrics between Equinor ASA and Valero Energy Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
EQNR vs. VLO - Profitability Comparison
EQNR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Equinor ASA reported a gross profit of 12.33B and revenue of 27.82B. Therefore, the gross margin over that period was 44.3%.
VLO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Valero Energy Corporation reported a gross profit of 6.20B and revenue of 32.38B. Therefore, the gross margin over that period was 19.1%.
EQNR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Equinor ASA reported an operating income of 8.80B and revenue of 27.82B, resulting in an operating margin of 31.7%.
VLO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Valero Energy Corporation reported an operating income of 1.73B and revenue of 32.38B, resulting in an operating margin of 5.4%.
EQNR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Equinor ASA reported a net income of 3.11B and revenue of 27.82B, resulting in a net margin of 11.2%.
VLO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Valero Energy Corporation reported a net income of 1.26B and revenue of 32.38B, resulting in a net margin of 3.9%.
Frequently Asked Questions
EQNR and VLO have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EQNR has higher volatility (10.50%) compared to VLO (9.80%). In terms of maximum drawdown, EQNR dropped -66.77% vs VLO's -87.50%.
VLO currently has the higher Sharpe Ratio (2.85 vs 1.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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