DK vs GIBO: Correlation
Delek US Holdings, Inc. (DK) and GIBO Holdings Limited - Class A (GIBO) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DK and GIBO?
Across a 3-year window, the weekly returns of DK and GIBO correlate at -0.27, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.27 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -1717.3 %².
Out of 14 assets tracked against DK, GIBO lands near the bottom at #14. Correlation aside, the last 12 months split them widely, with DK ahead by 228.3 points (+165.9% versus -62.4%). Note the risk asymmetry: GIBO runs 2.1 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.
DK vs GIBO: side by side
| DK (Delek US Holdings, Inc.) | GIBO (GIBO Holdings Limited - Class A) | |
|---|---|---|
| 1-year return | +165.9% | -62.4% |
| 5-year return | +392.8% | n/a |
| Volatility (ann.) | 54.6% | 116.5% |
| Beta vs S&P 500 | 0.53 | -0.40 |
| Max drawdown (3Y) | -63.6% | -100.0% |
| Market cap | $4.3B | $0.1B |
| P/E (trailing) | 19.3 | – |
| Dividend yield | 1.44% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DK | GIBO |
|---|---|---|
| 2022 | +84.0% | – |
| 2023 | -0.8% | – |
| 2024 | -25.0% | +7.8% |
| 2025 | +68.7% | -99.9% |
| 2026 | +140.7% | -38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DK and GIBO good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DK and GIBO?
The DK/GIBO correlation stands at -0.27 on a 3-year window (1 year: -0.27, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is GIBO a good diversifier for DK?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 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.
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Related comparisons
Hubs: DK correlations · GIBO correlations
