DINO vs GPRE: Correlation
How closely do HF Sinclair Corporation (DINO) and Green Plains, Inc. (GPRE) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DINO and GPRE?
Over the past 3 years, DINO and GPRE moved with a correlation of 0.50, which is moderate. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 1164.0 %².
By 3-year correlation, GPRE places #10 of the 15 assets tracked against DINO. Their recent paths diverged sharply: over the last 12 months DINO outperformed by 58.6 percentage points (+99.7% for DINO against +41.1% for GPRE). Note the risk asymmetry: GPRE runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 GPRE: side by side
| DINO (HF Sinclair Corporation) | GPRE (Green Plains, Inc.) | |
|---|---|---|
| 1-year return | +99.7% | +41.1% |
| 5-year return | +259.1% | -58.5% |
| Volatility (ann.) | 37.3% | 62.5% |
| Beta vs S&P 500 | 0.56 | 0.65 |
| Max drawdown (3Y) | -57.4% | -90.3% |
| Market cap | $17.2B | $1.0B |
| P/E (trailing) | 9.2 | 8.9 |
| Dividend yield | 2.07% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DINO | GPRE |
|---|---|---|
| 2022 | +61.9% | -12.3% |
| 2023 | +11.0% | -17.3% |
| 2024 | -34.4% | -62.4% |
| 2025 | +38.1% | +3.4% |
| 2026 | +115.4% | +43.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DINO and GPRE good diversifiers for each other?
To a limited degree. At 0.50 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 DINO and GPRE?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.56 over the last year and 0.41 over 5 years.
Is GPRE a good diversifier for DINO?
To a limited degree. At 0.50 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 0.50 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/dino-vs-gpre.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dino-vs-gpre/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DINO correlations · GPRE correlations
