CVI vs DINO: Correlation
How closely do CVR Energy Inc. (CVI) and HF Sinclair Corporation (DINO) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVI and DINO?
On 3 years of weekly data the CVI/DINO correlation comes out at 0.71, strong. The relationship has been stable: the 1-year correlation (0.68) sits close to the 3-year figure. The 5-year figure is 0.75, and annualized covariance runs at 1366.9 %².
DINO is one of the assets that tracks CVI most closely: it ranks #2 out of the 12 assets we track against CVI. Their recent paths diverged sharply: over the last 12 months DINO outperformed by 64.4 percentage points (+35.3% for CVI against +99.7% for DINO).
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.
CVI vs DINO: side by side
| CVI (CVR Energy Inc.) | DINO (HF Sinclair Corporation) | |
|---|---|---|
| 1-year return | +35.3% | +99.7% |
| 5-year return | +297.3% | +259.1% |
| Volatility (ann.) | 51.8% | 37.3% |
| Beta vs S&P 500 | 0.71 | 0.56 |
| Max drawdown (3Y) | -56.2% | -57.4% |
| Market cap | $4.0B | $17.2B |
| P/E (trailing) | 58.5 | 9.2 |
| Dividend yield | 1.42% | 2.07% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVI | DINO |
|---|---|---|
| 2022 | +115.4% | +61.9% |
| 2023 | +11.5% | +11.0% |
| 2024 | -34.9% | -34.4% |
| 2025 | +35.8% | +38.1% |
| 2026 | +57.3% | +115.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVI and DINO good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CVI and DINO?
The CVI/DINO correlation stands at 0.71 on a 3-year window (1 year: 0.68, 5 years: 0.75), computed from weekly returns as of 2026-08-27.
Is DINO a good diversifier for CVI?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cvi-vs-dino.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cvi-vs-dino/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CVI correlations · DINO correlations
