DINO vs PARR: Correlation
HF Sinclair Corporation (DINO) and Par Pacific Holdings, Inc. (PARR) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DINO and PARR?
On 3 years of weekly data the DINO/PARR correlation comes out at 0.72, strong. The relationship has been stable: the 1-year correlation (0.76) sits close to the 3-year figure. The 5-year figure is 0.70, and annualized covariance runs at 1373.6 %².
By 3-year correlation, PARR places #6 of the 15 assets tracked against DINO. Correlation aside, the last 12 months split them widely, with PARR ahead by 25.8 points (+99.7% versus +125.5%).
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 PARR: side by side
| DINO (HF Sinclair Corporation) | PARR (Par Pacific Holdings, Inc.) | |
|---|---|---|
| 1-year return | +99.7% | +125.5% |
| 5-year return | +259.1% | +375.6% |
| Volatility (ann.) | 37.3% | 51.3% |
| Beta vs S&P 500 | 0.56 | 0.13 |
| Max drawdown (3Y) | -57.4% | -69.7% |
| Market cap | $17.2B | $3.9B |
| P/E (trailing) | 9.2 | 4.4 |
| Dividend yield | 2.07% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DINO | PARR |
|---|---|---|
| 2022 | +61.9% | +41.0% |
| 2023 | +11.0% | +56.4% |
| 2024 | -34.4% | -54.9% |
| 2025 | +38.1% | +114.4% |
| 2026 | +115.4% | +119.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DINO and PARR good diversifiers for each other?
Only partially. A correlation of 0.72 means DINO and PARR 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 DINO and PARR?
The DINO/PARR correlation stands at 0.72 on a 3-year window (1 year: 0.76, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is PARR a good diversifier for DINO?
Only partially. A correlation of 0.72 means DINO and PARR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.72 mean?
A reading of 0.72 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/dino-vs-parr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dino-vs-parr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DINO correlations · PARR correlations
