DK vs PARR: Correlation
Measured on weekly returns over the past three years, Delek US Holdings, Inc. (DK) and Par Pacific Holdings, Inc. (PARR) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DK and PARR?
On 3 years of weekly data the DK/PARR correlation comes out at 0.71, strong. Recent behaviour matches the longer record: 0.70 over 1 year against 0.71 over 3. The 5-year figure is 0.69, and annualized covariance runs at 1993.5 %².
Within DK's tracked universe of 14 assets, PARR comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DK ahead by 40.4 points (+165.9% 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.
DK vs PARR: side by side
| DK (Delek US Holdings, Inc.) | PARR (Par Pacific Holdings, Inc.) | |
|---|---|---|
| 1-year return | +165.9% | +125.5% |
| 5-year return | +392.8% | +375.6% |
| Volatility (ann.) | 54.6% | 51.3% |
| Beta vs S&P 500 | 0.53 | 0.13 |
| Max drawdown (3Y) | -63.6% | -69.7% |
| Market cap | $4.3B | $3.9B |
| P/E (trailing) | 19.3 | 4.4 |
| Dividend yield | 1.44% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DK | PARR |
|---|---|---|
| 2022 | +84.0% | +41.0% |
| 2023 | -0.8% | +56.4% |
| 2024 | -25.0% | -54.9% |
| 2025 | +68.7% | +114.4% |
| 2026 | +140.7% | +119.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DK and PARR good diversifiers for each other?
To a limited degree. At 0.71 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 DK and PARR?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.70 over the last year and 0.69 over 5 years.
Is PARR a good diversifier for DK?
To a limited degree. At 0.71 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 0.71 mean?
A reading of 0.71 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/dk-vs-parr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dk-vs-parr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DK correlations · PARR correlations
