VLO vs. OKE
VLO (Valero Energy Corporation) and OKE (ONEOK, Inc.) are both stocks. Both are in the Energy sector — VLO in Oil & Gas Refining & Marketing, OKE in Oil & Gas Midstream. Over the past 10 years, VLO returned 22.25%/yr vs 13.77%/yr for OKE. At a 0.32 correlation, their price movements are largely independent.
Performance
VLO vs. OKE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VLO achieves a 60.63% return, which is significantly higher than OKE's 26.44% return. Over the past 10 years, VLO has outperformed OKE with an annualized return of 22.25%, while OKE has yielded a comparatively lower 13.77% 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%
OKE
- 1D
- 1.56%
- 1M
- 2.03%
- YTD
- 26.44%
- 6M
- 26.28%
- 1Y
- 15.65%
- 3Y*
- 20.59%
- 5Y*
- 16.74%
- 10Y*
- 13.77%
VLO vs. OKE - 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% |
OKE ONEOK, Inc. | 26.44% | -22.94% | 50.10% | 13.21% | 18.86% | 64.67% | -43.45% | 47.76% | 6.27% | -2.12% |
Correlation
The correlation between VLO and OKE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 1985 | 0.32 |
The correlation between VLO and OKE shifts across timeframes, from 0.32 (all time) to 0.52 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
VLO:
$77.08B
OKE:
$57.22B
VLO:
$13.77
OKE:
$5.61
VLO:
18.79
OKE:
16.15
VLO:
0.07
OKE:
1.15
VLO:
0.63
OKE:
1.62
VLO:
2.86
OKE:
2.56
VLO:
$126.17B
OKE:
$35.20B
VLO:
$12.45B
OKE:
$8.43B
VLO:
$9.02B
OKE:
$7.85B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VLO vs. OKE — Risk / Return Rank
VLO
OKE
VLO vs. OKE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Valero Energy Corporation (VLO) and ONEOK, Inc. (OKE). 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 | OKE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.25 | ||
| Sortino ratioReturn per unit of downside risk | +2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.12 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 7.00 | 0.75 | +6.25 |
| Martin ratioReturn relative to average drawdown | 17.41 | 1.69 | +15.71 |
Loading charts...
Drawdowns
VLO vs. OKE - Drawdown Comparison
The maximum VLO drawdown since its inception was -87.50%, which is greater than OKE's maximum drawdown of -80.17%. Use the drawdown chart below to compare losses from any high point for VLO and OKE.
Loading charts...
Drawdown Indicators
| VLO | OKE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.50% | -80.17% | -7.33% |
Max Drawdown (1Y)Largest decline over 1 year | -14.19% | -21.02% | +6.83% |
Max Drawdown (3Y)Largest decline over 3 years | -41.22% | -42.17% | +0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -41.22% | -42.17% | +0.95% |
Max Drawdown (10Y)Largest decline over 10 years | -71.88% | -80.17% | +8.29% |
Current DrawdownCurrent decline from peak | -1.06% | -16.43% | +15.37% |
Average DrawdownAverage peak-to-trough decline | -34.25% | -16.67% | -17.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.69% | 9.26% | -3.57% |
Volatility
VLO vs. OKE - Volatility Comparison
Valero Energy Corporation (VLO) and ONEOK, Inc. (OKE) have volatilities of 9.80% and 9.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VLO | OKE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.80% | 9.70% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 27.42% | 20.76% | +6.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.83% | 26.04% | +8.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.92% | 28.33% | +8.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.36% | 38.88% | +1.48% |
Dividends
VLO vs. OKE - Dividend Comparison
VLO's dividend yield for the trailing twelve months is around 1.80%, less than OKE's 4.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OKE ONEOK, Inc. | 4.64% | 5.61% | 3.94% | 5.44% | 5.69% | 6.36% | 9.74% | 4.66% | 6.01% | 5.09% | 4.28% | 9.85% |
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. OKE - Financials Comparison
This section allows you to compare key financial metrics between Valero Energy Corporation and ONEOK, Inc.. 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. OKE - 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%.
OKE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ONEOK, Inc. reported a gross profit of 2.57B and revenue of 9.62B. Therefore, the gross margin over that period was 26.7%.
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%.
OKE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ONEOK, Inc. reported an operating income of 1.43B and revenue of 9.62B, resulting in an operating margin of 14.9%.
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%.
OKE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ONEOK, Inc. reported a net income of 774.00M and revenue of 9.62B, resulting in a net margin of 8.1%.
Frequently Asked Questions
VLO and OKE have a correlation of 0.42, 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 OKE (9.70%). In terms of maximum drawdown, VLO dropped -87.50% vs OKE's -80.17%.
VLO currently has the higher Sharpe Ratio (2.85 vs 0.60), 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.
Find the right allocation for VLO and OKE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer