DINO vs DK: Correlation
Measured on weekly returns over the past three years, HF Sinclair Corporation (DINO) and Delek US Holdings, Inc. (DK) carry a correlation of 0.80, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DINO and DK?
On 3 years of weekly data the DINO/DK correlation comes out at 0.80, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.77) sits close to the 3-year figure. The 5-year figure is 0.77, and annualized covariance runs at 1636.6 %².
In DINO's tracked universe of 15 assets, DK sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months DK outperformed by 66.2 percentage points (+99.7% for DINO 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.
DINO vs DK: side by side
| DINO (HF Sinclair Corporation) | DK (Delek US Holdings, Inc.) | |
|---|---|---|
| 1-year return | +99.7% | +165.9% |
| 5-year return | +259.1% | +392.8% |
| Volatility (ann.) | 37.3% | 54.6% |
| Beta vs S&P 500 | 0.56 | 0.53 |
| Max drawdown (3Y) | -57.4% | -63.6% |
| Market cap | $17.2B | $4.3B |
| P/E (trailing) | 9.2 | 19.3 |
| Dividend yield | 2.07% | 1.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DINO | DK |
|---|---|---|
| 2022 | +61.9% | +84.0% |
| 2023 | +11.0% | -0.8% |
| 2024 | -34.4% | -25.0% |
| 2025 | +38.1% | +68.7% |
| 2026 | +115.4% | +140.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DINO and DK good diversifiers for each other?
No: a correlation of 0.80 means DINO and DK tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between DINO and DK?
Using weekly returns as of 2026-08-27: 0.80 over 3 years, with 0.77 over the last year and 0.77 over 5 years.
Is DK a good diversifier for DINO?
No: a correlation of 0.80 means DINO and DK tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.80 mean?
On the −1 to +1 scale, 0.80 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.
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Related comparisons
Hubs: DINO correlations · DK correlations
