DAR vs DINO: Correlation
Measured on weekly returns over the past three years, Darling Ingredients Inc. (DAR) and HF Sinclair Corporation (DINO) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAR and DINO?
Across a 3-year window, the weekly returns of DAR and DINO correlate at 0.50, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 699.4 %².
Few assets follow DAR as closely as DINO, which ranks #2 of 13 tracked partners. Their recent paths diverged sharply: over the last 12 months DINO outperformed by 21.4 percentage points (+78.3% for DAR 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.
DAR vs DINO: side by side
| DAR (Darling Ingredients Inc.) | DINO (HF Sinclair Corporation) | |
|---|---|---|
| 1-year return | +78.3% | +99.7% |
| 5-year return | -19.2% | +259.1% |
| Volatility (ann.) | 37.8% | 37.3% |
| Beta vs S&P 500 | 0.63 | 0.56 |
| Max drawdown (3Y) | -56.0% | -57.4% |
| Market cap | $9.7B | $17.2B |
| P/E (trailing) | 16.8 | 9.2 |
| Dividend yield | 0.00% | 2.07% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DAR | DINO |
|---|---|---|
| 2022 | -9.7% | +61.9% |
| 2023 | -20.4% | +11.0% |
| 2024 | -32.4% | -34.4% |
| 2025 | +6.9% | +38.1% |
| 2026 | +70.5% | +115.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAR and DINO good diversifiers for each other?
Only partially. A correlation of 0.50 means DAR and DINO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DAR and DINO?
The DAR/DINO correlation stands at 0.50 on a 3-year window (1 year: 0.48, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is DINO a good diversifier for DAR?
Only partially. A correlation of 0.50 means DAR and DINO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dar-vs-dino.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dar-vs-dino/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DAR correlations · DINO correlations
