DINO vs PSX: Correlation
Measured on weekly returns over the past three years, HF Sinclair Corporation (DINO) and Phillips 66 (PSX) carry a correlation of 0.81, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DINO and PSX?
On 3 years of weekly data the DINO/PSX correlation comes out at 0.81, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.80 over 1 year against 0.81 over 3. The 5-year figure is 0.73, and annualized covariance runs at 1004.6 %².
In DINO's tracked universe of 15 assets, PSX sits right near the top at #2. Over the last 12 months DINO came out ahead by 13.5 percentage points (+99.7% against +86.2%).
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 PSX: side by side
| DINO (HF Sinclair Corporation) | PSX (Phillips 66) | |
|---|---|---|
| 1-year return | +99.7% | +86.2% |
| 5-year return | +259.1% | +301.8% |
| Volatility (ann.) | 37.3% | 33.4% |
| Beta vs S&P 500 | 0.56 | 0.58 |
| Max drawdown (3Y) | -57.4% | -44.4% |
| Market cap | $17.2B | $96.1B |
| P/E (trailing) | 9.2 | 13.8 |
| Dividend yield | 2.07% | 2.04% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | DINO | PSX |
|---|---|---|
| 2022 | +61.9% | +49.6% |
| 2023 | +11.0% | +33.1% |
| 2024 | -34.4% | -11.6% |
| 2025 | +38.1% | +17.5% |
| 2026 | +115.4% | +89.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DINO and PSX good diversifiers for each other?
No: a correlation of 0.81 means DINO and PSX tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between DINO and PSX?
Using weekly returns as of 2026-08-27: 0.81 over 3 years, with 0.80 over the last year and 0.73 over 5 years.
Is PSX a good diversifier for DINO?
No: a correlation of 0.81 means DINO and PSX tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.81 mean?
A reading of 0.81 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-psx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dino-vs-psx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DINO correlations · PSX correlations
