DINO vs PBF: Correlation
Measured on weekly returns over the past three years, HF Sinclair Corporation (DINO) and PBF Energy Inc. (PBF) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DINO and PBF?
On 3 years of weekly data the DINO/PBF correlation comes out at 0.73, strong. The relationship has been stable: the 1-year correlation (0.75) sits close to the 3-year figure. The 5-year figure is 0.74, and annualized covariance runs at 1607.8 %².
Within DINO's tracked universe of 15 assets, PBF comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PBF outperformed by 67.3 percentage points (+99.7% for DINO against +167.0% for PBF). Note the risk asymmetry: PBF runs 1.6 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 PBF: side by side
| DINO (HF Sinclair Corporation) | PBF (PBF Energy Inc.) | |
|---|---|---|
| 1-year return | +99.7% | +167.0% |
| 5-year return | +259.1% | +642.1% |
| Volatility (ann.) | 37.3% | 58.6% |
| Beta vs S&P 500 | 0.56 | 0.47 |
| Max drawdown (3Y) | -57.4% | -76.0% |
| Market cap | $17.2B | $8.1B |
| P/E (trailing) | 9.2 | 6.1 |
| Dividend yield | 2.07% | 1.58% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DINO | PBF |
|---|---|---|
| 2022 | +61.9% | +215.8% |
| 2023 | +11.0% | +10.0% |
| 2024 | -34.4% | -38.0% |
| 2025 | +38.1% | +6.8% |
| 2026 | +115.4% | +157.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DINO and PBF good diversifiers for each other?
Only partially. A correlation of 0.73 means DINO and PBF 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 PBF?
The DINO/PBF correlation stands at 0.73 on a 3-year window (1 year: 0.75, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is PBF a good diversifier for DINO?
Only partially. A correlation of 0.73 means DINO and PBF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.73 mean?
On the −1 to +1 scale, 0.73 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
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Related comparisons
Hubs: DINO correlations · PBF correlations
