VLO vs. AA
VLO (Valero Energy Corporation) and AA (Alcoa Corporation) are both stocks. VLO operates in Oil & Gas Refining & Marketing (Energy), while AA operates in Aluminum (Basic Materials). Over the past 5 years, VLO returned 30.28%/yr vs 14.08%/yr for AA. At a 0.39 correlation, their price movements are largely independent.
Performance
VLO vs. AA - Performance Comparison
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Returns By Period
In the year-to-date period, VLO achieves a 60.63% return, which is significantly higher than AA's 29.83% return.
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%
AA
- 1D
- -0.30%
- 1M
- 0.64%
- YTD
- 29.83%
- 6M
- 49.53%
- 1Y
- 140.52%
- 3Y*
- 24.73%
- 5Y*
- 14.08%
- 10Y*
- —
VLO vs. AA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLO Valero Energy Corporation | 60.63% | 36.97% | -2.96% | 5.86% | 74.95% | 40.25% | -35.69% | 30.27% | -15.73% | 38.66% |
AA Alcoa Corporation | 29.83% | 42.46% | 12.43% | -24.33% | -23.12% | 159.05% | 7.16% | -19.07% | -50.66% | 91.84% |
Correlation
The correlation between VLO and AA is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2016 | 0.39 |
Over the past year, the correlation between VLO and AA has dropped to 0.15 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
Fundamentals
VLO:
$77.08B
AA:
$18.13B
VLO:
$13.77
AA:
$3.92
VLO:
18.79
AA:
17.55
VLO:
0.07
AA:
0.05
VLO:
0.63
AA:
1.42
VLO:
2.86
AA:
2.66
VLO:
$126.17B
AA:
$12.66B
VLO:
$12.45B
AA:
$948.00M
VLO:
$9.02B
AA:
$1.70B
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Return for Risk
VLO vs. AA — Risk / Return Rank
VLO
AA
VLO vs. AA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Valero Energy Corporation (VLO) and Alcoa Corporation (AA). 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.
| VLO | AA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.36 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 7.00 | 6.49 | +0.50 |
| Martin ratioReturn relative to average drawdown | 17.41 | 20.55 | -3.14 |
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Drawdowns
VLO vs. AA - Drawdown Comparison
The maximum VLO drawdown since its inception was -87.50%, roughly equal to the maximum AA drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for VLO and AA.
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Drawdown Indicators
| VLO | AA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.50% | -90.90% | +3.40% |
Max Drawdown (1Y)Largest decline over 1 year | -14.19% | -21.77% | +7.58% |
Max Drawdown (3Y)Largest decline over 3 years | -41.22% | -52.25% | +11.03% |
Max Drawdown (5Y)Largest decline over 5 years | -41.22% | -75.46% | +34.24% |
Max Drawdown (10Y)Largest decline over 10 years | -71.88% | — | — |
Current DrawdownCurrent decline from peak | -1.06% | -24.27% | +23.21% |
Average DrawdownAverage peak-to-trough decline | -34.25% | -46.12% | +11.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.69% | 6.87% | -1.18% |
Volatility
VLO vs. AA - Volatility Comparison
The current volatility for Valero Energy Corporation (VLO) is 9.80%, while Alcoa Corporation (AA) has a volatility of 21.35%. This indicates that VLO experiences smaller price fluctuations and is considered to be less risky than AA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLO | AA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.80% | 21.35% | -11.55% |
Volatility (6M)Calculated over the trailing 6-month period | 27.42% | 41.11% | -13.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.83% | 54.44% | -19.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.92% | 56.26% | -19.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.36% | 55.66% | -15.30% |
Dividends
VLO vs. AA - Dividend Comparison
VLO's dividend yield for the trailing twelve months is around 1.80%, more than AA's 0.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AA Alcoa Corporation | 0.58% | 0.75% | 1.06% | 1.18% | 0.88% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.32% | 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
VLO vs. AA - Financials Comparison
This section allows you to compare key financial metrics between Valero Energy Corporation and Alcoa 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
VLO vs. AA - Profitability Comparison
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%.
AA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alcoa Corporation reported a gross profit of 0.00 and revenue of 3.19B. Therefore, the gross margin over that period was 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%.
AA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alcoa Corporation reported an operating income of 0.00 and revenue of 3.19B, resulting in an operating 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%.
AA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alcoa Corporation reported a net income of 425.00M and revenue of 3.19B, resulting in a net margin of 13.3%.
Frequently Asked Questions
VLO and AA have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AA has higher volatility (21.35%) compared to VLO (9.80%). In terms of maximum drawdown, VLO dropped -87.50% vs AA's -90.90%.
VLO currently has the higher Sharpe Ratio (2.85 vs 2.60), 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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