VLO vs. HAWX
VLO (Valero Energy Corporation) is a stock, while HAWX (iShares Currency Hedged MSCI ACWI ex U.S. ETF) is Foreign Large Cap Equities fund tracking the MSCI ACWI ex USA 100% Hedged to USD. Over the past 10 years, VLO returned 24.34%/yr vs 11.89%/yr for HAWX. At a 0.33 correlation, their price movements are largely independent.
Performance
VLO vs. HAWX - Performance Comparison
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Returns By Period
In the year-to-date period, VLO achieves a 87.18% return, which is significantly higher than HAWX's 16.07% return. Over the past 10 years, VLO has outperformed HAWX with an annualized return of 24.34%, while HAWX has yielded a comparatively lower 11.89% annualized return.
VLO
- 1D
- 1.91%
- 1M
- 16.53%
- 6M
- 67.67%
- YTD
- 87.18%
- 1Y
- 107.66%
- 3Y*
- 42.54%
- 5Y*
- 39.71%
- 10Y*
- 24.34%
HAWX
- 1D
- 0.63%
- 1M
- 0.43%
- 6M
- 11.50%
- YTD
- 16.07%
- 1Y
- 32.32%
- 3Y*
- 20.86%
- 5Y*
- 12.86%
- 10Y*
- 11.89%
VLO vs. HAWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLO Valero Energy Corporation | 87.18% | 36.97% | -2.96% | 5.86% | 74.95% | 40.25% | -35.69% | 30.27% | -15.73% | 38.66% |
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 16.07% | 26.24% | 14.88% | 17.05% | -8.59% | 13.40% | 6.92% | 22.75% | -9.77% | 19.21% |
Correlation
The correlation between VLO and HAWX is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2015 | 0.33 |
The correlation between VLO and HAWX shifts across timeframes, from -0.08 (1 year) to 0.34 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
VLO vs. HAWX — Risk / Return Rank
VLO
HAWX
VLO vs. HAWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Valero Energy Corporation (VLO) and iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX). 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 | HAWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.42 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 8.93 | 3.46 | +5.48 |
| Martin ratioReturn relative to average drawdown | 20.80 | 13.75 | +7.06 |
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Drawdowns
VLO vs. HAWX - Drawdown Comparison
The maximum VLO drawdown since its inception was -87.50%, which is greater than HAWX's maximum drawdown of -30.63%. Use the drawdown chart below to compare losses from any high point for VLO and HAWX.
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Drawdown Indicators
| VLO | HAWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.50% | -30.63% | -56.87% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -9.39% | -2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -41.22% | -13.30% | -27.92% |
Max Drawdown (5Y)Largest decline over 5 years | -41.22% | -17.47% | -23.75% |
Max Drawdown (10Y)Largest decline over 10 years | -71.88% | -30.63% | -41.25% |
Current DrawdownCurrent decline from peak | 0.00% | -2.99% | +2.99% |
Average DrawdownAverage peak-to-trough decline | -34.20% | -4.26% | -29.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.20% | 2.36% | +2.84% |
Volatility
VLO vs. HAWX - Volatility Comparison
Valero Energy Corporation (VLO) has a higher volatility of 12.55% compared to iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) at 5.30%. This indicates that VLO's price experiences larger fluctuations and is considered to be riskier than HAWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLO | HAWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.55% | 5.30% | +7.25% |
Volatility (6M)Calculated over the trailing 6-month period | 27.66% | 12.92% | +14.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.03% | 14.61% | +21.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.97% | 13.65% | +23.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.51% | 15.27% | +25.24% |
Dividends
VLO vs. HAWX - Dividend Comparison
VLO's dividend yield for the trailing twelve months is around 1.55%, less than HAWX's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 2.49% | 2.80% | 3.31% | 2.95% | 16.94% | 2.63% | 2.00% | 3.23% | 2.51% | 2.40% | 2.49% | 3.86% |
VLO Valero Energy Corporation | 1.55% | 2.78% | 3.49% | 3.14% | 3.09% | 5.22% | 6.93% | 3.84% | 4.27% | 2.34% | 3.51% | 2.40% |
Frequently Asked Questions
VLO and HAWX have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VLO has higher volatility (12.55%) compared to HAWX (5.30%). In terms of maximum drawdown, VLO dropped -87.50% vs HAWX's -30.63%.
VLO currently has the higher Sharpe Ratio (3.02 vs 2.22), 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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