CVI vs DK: Correlation
How closely do CVR Energy Inc. (CVI) and Delek US Holdings, Inc. (DK) 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 DK?
Across a 3-year window, the weekly returns of CVI and DK correlate at 0.71, strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. Stretching to 5 years gives 0.76, with an annualized covariance of 2019.4 %².
In CVI's tracked universe of 12 assets, DK sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months DK outperformed by 130.6 percentage points (+35.3% for CVI 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.
CVI vs DK: side by side
| CVI (CVR Energy Inc.) | DK (Delek US Holdings, Inc.) | |
|---|---|---|
| 1-year return | +35.3% | +165.9% |
| 5-year return | +297.3% | +392.8% |
| Volatility (ann.) | 51.8% | 54.6% |
| Beta vs S&P 500 | 0.71 | 0.53 |
| Max drawdown (3Y) | -56.2% | -63.6% |
| Market cap | $4.0B | $4.3B |
| P/E (trailing) | 58.5 | 19.3 |
| Dividend yield | 1.42% | 1.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVI | DK |
|---|---|---|
| 2022 | +115.4% | +84.0% |
| 2023 | +11.5% | -0.8% |
| 2024 | -34.9% | -25.0% |
| 2025 | +35.8% | +68.7% |
| 2026 | +57.3% | +140.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVI and DK good diversifiers for each other?
To a limited degree. At 0.71 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 CVI and DK?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.68 over the last year and 0.76 over 5 years.
Is DK a good diversifier for CVI?
To a limited degree. At 0.71 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 0.71 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.
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Related comparisons
Hubs: CVI correlations · DK correlations
