CLMT vs DK: Correlation
Calumet, Inc (CLMT) and Delek US Holdings, Inc. (DK) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLMT and DK?
Over the past 3 years, CLMT and DK moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 1413.1 %².
Among the 10 assets we track against CLMT, DK ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CLMT outperformed by 17.0 percentage points (+182.9% for CLMT against +165.9% for DK).
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 DK: side by side
| CLMT (Calumet, Inc) | DK (Delek US Holdings, Inc.) | |
|---|---|---|
| 1-year return | +182.9% | +165.9% |
| 5-year return | +582.1% | +392.8% |
| Volatility (ann.) | 53.8% | 54.6% |
| Beta vs S&P 500 | 0.97 | 0.53 |
| Max drawdown (3Y) | -61.9% | -63.6% |
| Market cap | $4.0B | $4.3B |
| P/E (trailing) | – | 19.3 |
| Dividend yield | 0.00% | 1.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLMT | DK |
|---|---|---|
| 2022 | +27.9% | +84.0% |
| 2023 | +5.9% | -0.8% |
| 2024 | +23.2% | -25.0% |
| 2025 | -9.8% | +68.7% |
| 2026 | +130.3% | +140.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLMT and DK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CLMT and DK?
The CLMT/DK correlation stands at 0.48 on a 3-year window (1 year: 0.56, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is DK a good diversifier for CLMT?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: CLMT correlations · DK correlations
