LNC vs. VLO
LNC (Lincoln National Corporation) and VLO (Valero Energy Corporation) are both stocks. LNC operates in Insurance - Life (Financial Services), while VLO operates in Oil & Gas Refining & Marketing (Energy). Over the past 10 years, LNC returned 2.50%/yr vs 20.94%/yr for VLO. At a 0.27 correlation, their price movements are largely independent.
Performance
LNC vs. VLO - Performance Comparison
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Returns By Period
In the year-to-date period, LNC achieves a -14.56% return, which is significantly lower than VLO's 46.74% return. Over the past 10 years, LNC has underperformed VLO with an annualized return of 2.50%, while VLO has yielded a comparatively higher 20.94% annualized return.
LNC
- 1D
- -0.59%
- 1M
- 4.76%
- YTD
- -14.56%
- 6M
- -17.67%
- 1Y
- 17.55%
- 3Y*
- 21.93%
- 5Y*
- -4.22%
- 10Y*
- 2.50%
VLO
- 1D
- -1.45%
- 1M
- -6.44%
- YTD
- 46.74%
- 6M
- 46.81%
- 1Y
- 73.82%
- 3Y*
- 31.15%
- 5Y*
- 29.68%
- 10Y*
- 20.94%
LNC vs. VLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LNC Lincoln National Corporation | -14.56% | 48.02% | 24.78% | -5.55% | -53.53% | 39.49% | -11.08% | 17.95% | -31.98% | 17.98% |
VLO Valero Energy Corporation | 46.74% | 36.97% | -2.96% | 5.86% | 74.95% | 40.25% | -35.69% | 30.27% | -15.73% | 38.66% |
Correlation
The correlation between LNC and VLO is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 1984 | 0.27 |
The correlation between LNC and VLO shifts across timeframes, from -0.02 (1 year) to 0.41 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
LNC:
$12.09
VLO:
$13.77
LNC:
3.08
VLO:
17.16
LNC:
0.02
VLO:
0.06
LNC:
0.28
VLO:
0.57
LNC:
$18.88B
VLO:
$126.17B
LNC:
$3.21B
VLO:
$12.45B
LNC:
$2.45B
VLO:
$9.02B
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Return for Risk
LNC vs. VLO — Risk / Return Rank
LNC
VLO
LNC vs. VLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lincoln National Corporation (LNC) 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.
| LNC | VLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.34 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 5.23 | -4.63 |
| Martin ratioReturn relative to average drawdown | 1.27 | 12.85 | -11.58 |
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Drawdowns
LNC vs. VLO - Drawdown Comparison
The maximum LNC drawdown since its inception was -92.87%, which is greater than VLO's maximum drawdown of -87.50%. Use the drawdown chart below to compare losses from any high point for LNC and VLO.
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Drawdown Indicators
| LNC | VLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.87% | -87.50% | -5.37% |
Max Drawdown (1Y)Largest decline over 1 year | -29.13% | -14.19% | -14.94% |
Max Drawdown (3Y)Largest decline over 3 years | -29.13% | -41.22% | +12.09% |
Max Drawdown (5Y)Largest decline over 5 years | -73.14% | -41.22% | -31.92% |
Max Drawdown (10Y)Largest decline over 10 years | -79.19% | -71.88% | -7.31% |
Current DrawdownCurrent decline from peak | -38.58% | -9.62% | -28.96% |
Average DrawdownAverage peak-to-trough decline | -25.05% | -34.24% | +9.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.84% | 5.76% | +8.08% |
Volatility
LNC vs. VLO - Volatility Comparison
The current volatility for Lincoln National Corporation (LNC) is 7.69%, while Valero Energy Corporation (VLO) has a volatility of 10.17%. This indicates that LNC experiences smaller price fluctuations and is considered to be less risky 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
| LNC | VLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.69% | 10.17% | -2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 24.95% | 27.59% | -2.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.33% | 35.09% | -1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.85% | 36.94% | +5.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.75% | 40.39% | +6.36% |
Dividends
LNC vs. VLO - Dividend Comparison
LNC's dividend yield for the trailing twelve months is around 4.84%, more than VLO's 1.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LNC Lincoln National Corporation | 4.84% | 4.04% | 5.68% | 6.67% | 5.86% | 2.46% | 3.18% | 2.51% | 2.57% | 1.51% | 1.51% | 1.59% |
VLO Valero Energy Corporation | 1.97% | 2.78% | 3.49% | 3.14% | 3.09% | 5.22% | 6.93% | 3.84% | 4.27% | 2.34% | 3.51% | 2.40% |
Financials
LNC vs. VLO - Financials Comparison
This section allows you to compare key financial metrics between Lincoln National Corporation 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
LNC vs. VLO - Profitability Comparison
LNC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lincoln National Corporation reported a gross profit of 0.00 and revenue of 5.31B. Therefore, the gross margin over that period was 0.0%.
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%.
LNC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lincoln National Corporation reported an operating income of 0.00 and revenue of 5.31B, resulting in an operating margin of 0.0%.
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%.
LNC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lincoln National Corporation reported a net income of -172.00M and revenue of 5.31B, resulting in a net margin of -3.2%.
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
LNC and VLO have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VLO has higher volatility (10.17%) compared to LNC (7.69%). In terms of maximum drawdown, LNC dropped -92.87% vs VLO's -87.50%.
VLO currently has the higher Sharpe Ratio (2.12 vs 0.53), 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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