CVI vs MPC: Correlation
Measured on weekly returns over the past three years, CVR Energy Inc. (CVI) and Marathon Petroleum (MPC) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVI and MPC?
On 3 years of weekly data the CVI/MPC correlation comes out at 0.71, strong. Little has changed lately, as the 1-year reading of 0.66 lands near the 3-year figure. The 5-year figure is 0.73, and annualized covariance runs at 1253.6 %².
Among the 12 assets we track against CVI, MPC ranks #4 by 3-year correlation. The last year tells two different stories: MPC led by 72.5 percentage points, +35.3% for CVI against +107.8% for MPC. Risk is not evenly split, since CVI carries 1.5 times the volatility of the other side.
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 MPC: side by side
| CVI (CVR Energy Inc.) | MPC (Marathon Petroleum) | |
|---|---|---|
| 1-year return | +35.3% | +107.8% |
| 5-year return | +297.3% | +589.6% |
| Volatility (ann.) | 51.8% | 34.2% |
| Beta vs S&P 500 | 0.71 | 0.48 |
| Max drawdown (3Y) | -56.2% | -44.7% |
| Market cap | $4.0B | $102.1B |
| P/E (trailing) | 58.5 | 12.6 |
| Dividend yield | 1.42% | 1.10% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | CVI | MPC |
|---|---|---|
| 2022 | +115.4% | +86.6% |
| 2023 | +11.5% | +30.5% |
| 2024 | -34.9% | -4.1% |
| 2025 | +35.8% | +19.2% |
| 2026 | +57.3% | +126.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVI and MPC 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 MPC?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.66 over the last year and 0.73 over 5 years.
Is MPC 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?
On the −1 to +1 scale, 0.71 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/cvi-vs-mpc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cvi-vs-mpc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CVI correlations · MPC correlations
