VLO vs. PSX
VLO (Valero Energy Corporation) and PSX (Phillips 66) are both stocks. Both operate in the Oil & Gas Refining & Marketing industry within the Energy sector. Over the past 10 years, VLO returned 21.00%/yr vs 12.61%/yr for PSX. A 0.77 correlation means they provide meaningful diversification when combined.
Performance
VLO vs. PSX - 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 PSX's 44.08% return. Over the past 10 years, VLO has outperformed PSX with an annualized return of 21.00%, while PSX has yielded a comparatively lower 12.61% 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%
PSX
- 1D
- -0.58%
- 1M
- 7.49%
- YTD
- 44.08%
- 6M
- 33.41%
- 1Y
- 65.68%
- 3Y*
- 27.98%
- 5Y*
- 19.31%
- 10Y*
- 12.61%
VLO vs. PSX - 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% |
PSX Phillips 66 | 44.08% | 17.51% | -11.63% | 33.07% | 49.58% | 8.51% | -33.85% | 33.97% | -12.28% | 20.94% |
Correlation
The correlation between VLO and PSX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since May 2, 2012 | 0.77 |
The correlation between VLO and PSX has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.
Fundamentals
VLO:
$76.23B
PSX:
$73.83B
VLO:
$13.77
PSX:
$10.17
VLO:
18.58
PSX:
18.00
VLO:
0.07
PSX:
0.10
VLO:
0.62
PSX:
0.55
VLO:
2.83
PSX:
2.59
VLO:
$126.17B
PSX:
$134.70B
VLO:
$12.45B
PSX:
$5.94B
VLO:
$9.02B
PSX:
$9.17B
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Return for Risk
VLO vs. PSX — Risk / Return Rank
VLO
PSX
VLO vs. PSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Valero Energy Corporation (VLO) and Phillips 66 (PSX). 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 | PSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.38 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 7.57 | 4.00 | +3.57 |
| Martin ratioReturn relative to average drawdown | 18.85 | 11.57 | +7.28 |
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 | PSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.08 | 2.34 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.58 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.36 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.50 | -0.23 |
Drawdowns
VLO vs. PSX - Drawdown Comparison
The maximum VLO drawdown since its inception was -87.50%, which is greater than PSX's maximum drawdown of -64.21%. Use the drawdown chart below to compare losses from any high point for VLO and PSX.
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Drawdown Indicators
| VLO | PSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.50% | -64.21% | -23.29% |
Max Drawdown (1Y)Largest decline over 1 year | -14.19% | -17.28% | +3.09% |
Max Drawdown (3Y)Largest decline over 3 years | -41.22% | -44.37% | +3.15% |
Max Drawdown (5Y)Largest decline over 5 years | -41.22% | -44.37% | +3.15% |
Max Drawdown (10Y)Largest decline over 10 years | -71.88% | -64.21% | -7.67% |
Current DrawdownCurrent decline from peak | -2.15% | -2.06% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -34.27% | -14.74% | -19.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.69% | 5.96% | -0.27% |
Volatility
VLO vs. PSX - Volatility Comparison
Valero Energy Corporation (VLO) has a higher volatility of 9.98% compared to Phillips 66 (PSX) at 8.15%. This indicates that VLO's price experiences larger fluctuations and is considered to be riskier than PSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLO | PSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.98% | 8.15% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 27.33% | 23.59% | +3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.83% | 29.47% | +5.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.91% | 33.19% | +3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.39% | 35.31% | +5.08% |
Dividends
VLO vs. PSX - Dividend Comparison
VLO's dividend yield for the trailing twelve months is around 1.82%, less than PSX's 2.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSX Phillips 66 | 2.70% | 3.68% | 3.95% | 3.15% | 3.68% | 5.00% | 5.15% | 3.14% | 3.60% | 2.70% | 2.84% | 2.67% |
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. PSX - Financials Comparison
This section allows you to compare key financial metrics between Valero Energy Corporation and Phillips 66. 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. PSX - 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%.
PSX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Phillips 66 reported a gross profit of 0.00 and revenue of 33.00B. Therefore, the gross margin over that period was 0.0%.
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%.
PSX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Phillips 66 reported an operating income of 0.00 and revenue of 33.00B, resulting in an operating margin of 0.0%.
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%.
PSX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Phillips 66 reported a net income of 207.00M and revenue of 33.00B, resulting in a net margin of 0.6%.
Frequently Asked Questions
VLO and PSX have a correlation of 0.81, 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 PSX (8.15%). In terms of maximum drawdown, VLO dropped -87.50% vs PSX's -64.21%.
VLO currently has the higher Sharpe Ratio (3.08 vs 2.34), 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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