SPG vs. VLO
SPG (Simon Property Group, Inc.) and VLO (Valero Energy Corporation) are both stocks. SPG operates in REIT - Retail (Real Estate), while VLO operates in Oil & Gas Refining & Marketing (Energy). Over the past 10 years, SPG returned 5.73%/yr vs 21.00%/yr for VLO. At a 0.26 correlation, their price movements are largely independent.
Performance
SPG vs. VLO - Performance Comparison
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Returns By Period
In the year-to-date period, SPG achieves a 14.92% return, which is significantly lower than VLO's 58.86% return. Over the past 10 years, SPG has underperformed VLO with an annualized return of 5.73%, while VLO has yielded a comparatively higher 21.00% annualized return.
SPG
- 1D
- 1.98%
- 1M
- 4.05%
- YTD
- 14.92%
- 6M
- 17.96%
- 1Y
- 36.20%
- 3Y*
- 31.18%
- 5Y*
- 15.72%
- 10Y*
- 5.73%
VLO
- 1D
- -1.17%
- 1M
- 6.63%
- YTD
- 58.86%
- 6M
- 48.51%
- 1Y
- 104.41%
- 3Y*
- 36.67%
- 5Y*
- 29.38%
- 10Y*
- 21.00%
SPG vs. VLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPG Simon Property Group, Inc. | 14.92% | 12.94% | 26.92% | 29.24% | -21.91% | 95.72% | -38.64% | -6.74% | 2.55% | 0.98% |
VLO Valero Energy Corporation | 58.86% | 36.97% | -2.96% | 5.86% | 74.95% | 40.25% | -35.69% | 30.27% | -15.73% | 38.66% |
Correlation
The correlation between SPG and VLO is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 1993 | 0.26 |
Over the past year, the correlation between SPG and VLO has dropped to 0.00 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.
Fundamentals
SPG:
$17.14
VLO:
$13.77
SPG:
12.27
VLO:
18.58
SPG:
0.49
VLO:
0.07
SPG:
7.75
VLO:
0.62
SPG:
$6.65B
VLO:
$126.17B
SPG:
$5.71B
VLO:
$12.45B
SPG:
$7.77B
VLO:
$9.02B
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Return for Risk
SPG vs. VLO — Risk / Return Rank
SPG
VLO
SPG vs. VLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simon Property Group, Inc. (SPG) 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.
| SPG | VLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.46 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 7.57 | -4.32 |
| Martin ratioReturn relative to average drawdown | 11.71 | 18.85 | -7.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPG | VLO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 3.08 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.80 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.52 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.28 | +0.11 |
Drawdowns
SPG vs. VLO - Drawdown Comparison
The maximum SPG drawdown since its inception was -77.00%, smaller than the maximum VLO drawdown of -87.50%. Use the drawdown chart below to compare losses from any high point for SPG and VLO.
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Drawdown Indicators
| SPG | VLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.00% | -87.50% | +10.50% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -14.19% | +2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -24.32% | -41.22% | +16.90% |
Max Drawdown (5Y)Largest decline over 5 years | -45.84% | -41.22% | -4.62% |
Max Drawdown (10Y)Largest decline over 10 years | -77.00% | -71.88% | -5.12% |
Current DrawdownCurrent decline from peak | 0.00% | -2.15% | +2.15% |
Average DrawdownAverage peak-to-trough decline | -13.84% | -34.27% | +20.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 5.69% | -2.49% |
Volatility
SPG vs. VLO - Volatility Comparison
The current volatility for Simon Property Group, Inc. (SPG) is 5.71%, while Valero Energy Corporation (VLO) has a volatility of 9.98%. This indicates that SPG 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
| SPG | VLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.71% | 9.98% | -4.27% |
Volatility (6M)Calculated over the trailing 6-month period | 13.68% | 27.33% | -13.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.36% | 34.83% | -16.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.50% | 36.91% | -10.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.06% | 40.39% | -3.33% |
Dividends
SPG vs. VLO - Dividend Comparison
SPG's dividend yield for the trailing twelve months is around 4.11%, more than VLO's 1.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPG Simon Property Group, Inc. | 4.11% | 4.62% | 4.70% | 5.22% | 5.87% | 3.66% | 7.04% | 5.57% | 4.70% | 4.16% | 3.66% | 3.11% |
VLO Valero Energy Corporation | 1.82% | 2.78% | 3.49% | 3.14% | 3.09% | 5.22% | 6.93% | 3.84% | 4.27% | 2.34% | 3.51% | 2.40% |
Financials
SPG vs. VLO - Financials Comparison
This section allows you to compare key financial metrics between Simon Property Group, Inc. 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
SPG vs. VLO - Profitability Comparison
SPG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Simon Property Group, Inc. reported a gross profit of 1.45B and revenue of 1.76B. Therefore, the gross margin over that period was 82.5%.
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%.
SPG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Simon Property Group, Inc. reported an operating income of 762.16M and revenue of 1.76B, resulting in an operating margin of 43.4%.
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%.
SPG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Simon Property Group, Inc. reported a net income of 1.48K and revenue of 1.76B, resulting in a net margin of 0.0%.
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
SPG and VLO have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VLO has higher volatility (9.98%) compared to SPG (5.71%). In terms of maximum drawdown, SPG dropped -77.00% vs VLO's -87.50%.
VLO currently has the higher Sharpe Ratio (3.08 vs 2.04), 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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