CLMT vs DINO: Correlation
How closely do Calumet, Inc (CLMT) and HF Sinclair Corporation (DINO) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLMT and DINO?
Over the past 3 years, CLMT and DINO moved with a correlation of 0.53, which is moderate. Recent behaviour matches the longer record: 0.61 over 1 year against 0.53 over 3. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 1068.1 %².
DINO is one of the assets that tracks CLMT most closely: it ranks #1 out of the 10 assets we track against CLMT. Correlation aside, the last 12 months split them widely, with CLMT ahead by 83.2 points (+182.9% versus +99.7%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CLMT vs DINO: side by side
| CLMT (Calumet, Inc) | DINO (HF Sinclair Corporation) | |
|---|---|---|
| 1-year return | +182.9% | +99.7% |
| 5-year return | +582.1% | +259.1% |
| Volatility (ann.) | 53.8% | 37.3% |
| Beta vs S&P 500 | 0.97 | 0.56 |
| Max drawdown (3Y) | -61.9% | -57.4% |
| Market cap | $4.0B | $17.2B |
| P/E (trailing) | – | 9.2 |
| Dividend yield | 0.00% | 2.07% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLMT | DINO |
|---|---|---|
| 2022 | +27.9% | +61.9% |
| 2023 | +5.9% | +11.0% |
| 2024 | +23.2% | -34.4% |
| 2025 | -9.8% | +38.1% |
| 2026 | +130.3% | +115.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLMT and DINO good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CLMT and DINO?
As of 2026-08-27, the correlation of weekly returns between CLMT and DINO is 0.53 over 3 years, 0.61 over 1 year and 0.39 over 5 years.
Is DINO a good diversifier for CLMT?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/clmt-vs-dino.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/clmt-vs-dino/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLMT correlations · DINO correlations
