VLO vs. ET
VLO (Valero Energy Corporation) and ET (Energy Transfer LP) are both stocks. Both are in the Energy sector — VLO in Oil & Gas Refining & Marketing, ET in Oil & Gas Midstream. Over the past 10 years, VLO returned 22.25%/yr vs 13.14%/yr for ET. At a 0.38 correlation, their price movements are largely independent.
Performance
VLO vs. ET - 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 ET's 19.85% return. Over the past 10 years, VLO has outperformed ET with an annualized return of 22.25%, while ET has yielded a comparatively lower 13.14% annualized 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%
ET
- 1D
- 1.65%
- 1M
- -5.12%
- YTD
- 19.85%
- 6M
- 19.34%
- 1Y
- 11.35%
- 3Y*
- 24.04%
- 5Y*
- 20.15%
- 10Y*
- 13.14%
VLO vs. ET - 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% |
ET Energy Transfer LP | 19.85% | -9.37% | 53.87% | 27.87% | 55.74% | 42.96% | -44.92% | 5.88% | -17.74% | -4.66% |
Correlation
The correlation between VLO and ET is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2006 | 0.38 |
The correlation between VLO and ET shifts across timeframes, from 0.32 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
VLO:
$77.08B
ET:
$65.93B
VLO:
$13.77
ET:
$1.36
VLO:
18.79
ET:
14.01
VLO:
0.63
ET:
0.76
VLO:
2.86
ET:
1.33
VLO:
$126.17B
ET:
$89.38B
VLO:
$12.45B
ET:
$20.48B
VLO:
$9.02B
ET:
$13.02B
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Return for Risk
VLO vs. ET — Risk / Return Rank
VLO
ET
VLO vs. ET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Valero Energy Corporation (VLO) and Energy Transfer LP (ET). 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 | ET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.14 | ||
| Sortino ratioReturn per unit of downside risk | +2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.13 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 7.00 | 1.22 | +5.78 |
| Martin ratioReturn relative to average drawdown | 17.41 | 2.70 | +14.71 |
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Drawdowns
VLO vs. ET - Drawdown Comparison
The maximum VLO drawdown since its inception was -87.50%, roughly equal to the maximum ET drawdown of -87.81%. Use the drawdown chart below to compare losses from any high point for VLO and ET.
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Drawdown Indicators
| VLO | ET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.50% | -87.81% | +0.31% |
Max Drawdown (1Y)Largest decline over 1 year | -14.19% | -9.38% | -4.81% |
Max Drawdown (3Y)Largest decline over 3 years | -41.22% | -24.56% | -16.66% |
Max Drawdown (5Y)Largest decline over 5 years | -41.22% | -25.82% | -15.40% |
Max Drawdown (10Y)Largest decline over 10 years | -71.88% | -72.82% | +0.94% |
Current DrawdownCurrent decline from peak | -1.06% | -6.47% | +5.41% |
Average DrawdownAverage peak-to-trough decline | -34.25% | -25.72% | -8.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.69% | 4.65% | +1.04% |
Volatility
VLO vs. ET - Volatility Comparison
Valero Energy Corporation (VLO) has a higher volatility of 9.80% compared to Energy Transfer LP (ET) at 5.08%. This indicates that VLO's price experiences larger fluctuations and is considered to be riskier than ET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLO | ET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.80% | 5.08% | +4.72% |
Volatility (6M)Calculated over the trailing 6-month period | 27.42% | 12.03% | +15.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.83% | 16.13% | +18.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.92% | 24.86% | +12.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.36% | 34.99% | +5.37% |
Dividends
VLO vs. ET - Dividend Comparison
VLO's dividend yield for the trailing twelve months is around 1.80%, less than ET's 7.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ET Energy Transfer LP | 7.00% | 7.97% | 6.51% | 8.95% | 7.33% | 7.41% | 17.27% | 9.51% | 9.24% | 6.66% | 5.90% | 7.42% |
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. ET - Financials Comparison
This section allows you to compare key financial metrics between Valero Energy Corporation and Energy Transfer LP. 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. ET - 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%.
ET - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Energy Transfer LP reported a gross profit of 6.62B and revenue of 27.77B. Therefore, the gross margin over that period was 23.9%.
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%.
ET - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Energy Transfer LP reported an operating income of 2.98B and revenue of 27.77B, resulting in an operating margin of 10.7%.
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%.
ET - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Energy Transfer LP reported a net income of 1.25B and revenue of 27.77B, resulting in a net margin of 4.5%.
Frequently Asked Questions
VLO and ET have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VLO has higher volatility (9.80%) compared to ET (5.08%). In terms of maximum drawdown, VLO dropped -87.50% vs ET's -87.81%.
VLO currently has the higher Sharpe Ratio (2.85 vs 0.71), 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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