VLO vs. PM
VLO (Valero Energy Corporation) and PM (Philip Morris International Inc.) are both stocks. VLO operates in Oil & Gas Refining & Marketing (Energy), while PM operates in Tobacco (Consumer Defensive). Over the past 10 years, VLO returned 21.00%/yr vs 11.28%/yr for PM. At a 0.23 correlation, their price movements are largely independent.
Performance
VLO vs. PM - Performance Comparison
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Returns By Period
In the year-to-date period, VLO achieves a 58.86% return, which is significantly higher than PM's 12.15% return. Over the past 10 years, VLO has outperformed PM with an annualized return of 21.00%, while PM has yielded a comparatively lower 11.28% annualized return.
VLO
- 1D
- -1.17%
- 1M
- 6.63%
- YTD
- 58.86%
- 6M
- 48.51%
- 1Y
- 104.41%
- 3Y*
- 36.67%
- 5Y*
- 29.38%
- 10Y*
- 21.00%
PM
- 1D
- 1.89%
- 1M
- 4.27%
- YTD
- 12.15%
- 6M
- 22.81%
- 1Y
- 1.58%
- 3Y*
- 30.53%
- 5Y*
- 18.22%
- 10Y*
- 11.28%
VLO vs. PM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLO Valero Energy Corporation | 58.86% | 36.97% | -2.96% | 5.86% | 74.95% | 40.25% | -35.69% | 30.27% | -15.73% | 38.66% |
PM Philip Morris International Inc. | 12.15% | 37.99% | 34.34% | -1.85% | 12.31% | 20.78% | 3.69% | 35.02% | -33.30% | 19.85% |
Correlation
The correlation between VLO and PM is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2008 | 0.23 |
The correlation between VLO and PM shifts across timeframes, from -0.05 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
Fundamentals
VLO:
$76.23B
PM:
$278.64B
VLO:
$13.77
PM:
$7.12
VLO:
18.58
PM:
25.05
VLO:
0.07
PM:
2.72
VLO:
0.62
PM:
6.70
VLO:
$126.17B
PM:
$41.49B
VLO:
$12.45B
PM:
$27.93B
VLO:
$9.02B
PM:
$17.74B
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Return for Risk
VLO vs. PM — Risk / Return Rank
VLO
PM
VLO vs. PM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Valero Energy Corporation (VLO) and Philip Morris International Inc. (PM). 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.
| VLO | PM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.03 | ||
| Sortino ratioReturn per unit of downside risk | +3.35 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.03 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 7.57 | 0.07 | +7.50 |
| Martin ratioReturn relative to average drawdown | 18.85 | 0.14 | +18.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VLO | PM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.08 | 0.05 | +3.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.81 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.46 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.53 | -0.25 |
Drawdowns
VLO vs. PM - Drawdown Comparison
The maximum VLO drawdown since its inception was -87.50%, which is greater than PM's maximum drawdown of -42.87%. Use the drawdown chart below to compare losses from any high point for VLO and PM.
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Drawdown Indicators
| VLO | PM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.50% | -42.87% | -44.63% |
Max Drawdown (1Y)Largest decline over 1 year | -14.19% | -20.64% | +6.45% |
Max Drawdown (3Y)Largest decline over 3 years | -41.22% | -20.64% | -20.58% |
Max Drawdown (5Y)Largest decline over 5 years | -41.22% | -22.78% | -18.44% |
Max Drawdown (10Y)Largest decline over 10 years | -71.88% | -42.87% | -29.01% |
Current DrawdownCurrent decline from peak | -2.15% | -7.07% | +4.92% |
Average DrawdownAverage peak-to-trough decline | -34.27% | -10.03% | -24.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.69% | 10.78% | -5.09% |
Volatility
VLO vs. PM - Volatility Comparison
Valero Energy Corporation (VLO) and Philip Morris International Inc. (PM) have volatilities of 9.98% and 9.65%, 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.
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Volatility by Period
| VLO | PM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.98% | 9.65% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 27.33% | 20.91% | +6.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.83% | 27.60% | +7.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.91% | 22.70% | +14.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.39% | 24.44% | +15.95% |
Dividends
VLO vs. PM - Dividend Comparison
VLO's dividend yield for the trailing twelve months is around 1.82%, less than PM's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PM Philip Morris International Inc. | 3.23% | 3.52% | 4.40% | 5.46% | 4.98% | 5.16% | 5.73% | 5.43% | 6.73% | 3.99% | 4.50% | 4.60% |
VLO Valero Energy Corporation | 1.82% | 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. PM - Financials Comparison
This section allows you to compare key financial metrics between Valero Energy Corporation and Philip Morris International 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. PM - 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%.
PM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a gross profit of 6.91B and revenue of 10.15B. Therefore, the gross margin over that period was 68.1%.
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%.
PM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported an operating income of 3.89B and revenue of 10.15B, resulting in an operating margin of 38.4%.
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%.
PM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a net income of 2.44B and revenue of 10.15B, resulting in a net margin of 24.0%.
Frequently Asked Questions
VLO and PM have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VLO has higher volatility (9.98%) compared to PM (9.65%). In terms of maximum drawdown, VLO dropped -87.50% vs PM's -42.87%.
VLO currently has the higher Sharpe Ratio (3.08 vs 0.05), 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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