VLO vs. EQNR
VLO (Valero Energy Corporation) and EQNR (Equinor ASA) are both stocks. Both are in the Energy sector — VLO in Oil & Gas Refining & Marketing, EQNR in Oil & Gas Integrated. Over the past 5 years, VLO returned 30.28%/yr vs 18.26%/yr for EQNR. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
VLO vs. EQNR - 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 EQNR's 56.74% 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%
EQNR
- 1D
- -1.55%
- 1M
- -4.52%
- YTD
- 56.74%
- 6M
- 60.62%
- 1Y
- 44.70%
- 3Y*
- 16.35%
- 5Y*
- 18.26%
- 10Y*
- —
VLO vs. EQNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VLO Valero Energy Corporation | 60.63% | 36.97% | -2.96% | 5.86% | 74.95% | 40.25% | -35.69% | 30.27% | -33.78% |
EQNR Equinor ASA | 56.74% | 7.70% | -15.98% | -0.78% | 40.77% | 64.55% | -13.57% | -0.99% | -21.06% |
Correlation
The correlation between VLO and EQNR 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 VLO and EQNR shifts across timeframes, from 0.42 (3 years) to 0.53 (all time), reflecting how their relationship changes across market environments.
Fundamentals
VLO:
$77.08B
EQNR:
$90.56B
VLO:
$13.77
EQNR:
$2.15
VLO:
18.79
EQNR:
16.84
VLO:
0.07
EQNR:
0.52
VLO:
0.63
EQNR:
0.89
VLO:
2.86
EQNR:
2.08
VLO:
$126.17B
EQNR:
$104.23B
VLO:
$12.45B
EQNR:
$36.46B
VLO:
$9.02B
EQNR:
$39.36B
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Return for Risk
VLO vs. EQNR — Risk / Return Rank
VLO
EQNR
VLO vs. EQNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Valero Energy Corporation (VLO) and Equinor ASA (EQNR). 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 | EQNR | 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 | 1.43 | 1.23 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 7.00 | 2.54 | +4.46 |
| Martin ratioReturn relative to average drawdown | 17.41 | 4.31 | +13.10 |
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Drawdowns
VLO vs. EQNR - Drawdown Comparison
The maximum VLO drawdown since its inception was -87.50%, which is greater than EQNR's maximum drawdown of -66.77%. Use the drawdown chart below to compare losses from any high point for VLO and EQNR.
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Drawdown Indicators
| VLO | EQNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.50% | -66.77% | -20.73% |
Max Drawdown (1Y)Largest decline over 1 year | -14.19% | -17.72% | +3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -41.22% | -27.58% | -13.64% |
Max Drawdown (5Y)Largest decline over 5 years | -41.22% | -35.50% | -5.72% |
Max Drawdown (10Y)Largest decline over 10 years | -71.88% | — | — |
Current DrawdownCurrent decline from peak | -1.06% | -13.80% | +12.74% |
Average DrawdownAverage peak-to-trough decline | -34.25% | -21.46% | -12.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.69% | 10.41% | -4.72% |
Volatility
VLO vs. EQNR - Volatility Comparison
The current volatility for Valero Energy Corporation (VLO) is 9.80%, while Equinor ASA (EQNR) has a volatility of 10.50%. This indicates that VLO experiences smaller price fluctuations and is considered to be less risky than EQNR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLO | EQNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.80% | 10.50% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 27.42% | 29.99% | -2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.83% | 36.03% | -1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.92% | 33.91% | +3.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.36% | 36.25% | +4.11% |
Dividends
VLO vs. EQNR - Dividend Comparison
VLO's dividend yield for the trailing twelve months is around 1.80%, less than EQNR's 4.15% 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
VLO vs. EQNR - Financials Comparison
This section allows you to compare key financial metrics between Valero Energy Corporation and Equinor ASA. 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. EQNR - 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%.
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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
VLO and EQNR 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, VLO dropped -87.50% vs EQNR's -66.77%.
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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