DK vs PBF: Correlation
How closely do Delek US Holdings, Inc. (DK) and PBF Energy Inc. (PBF) trade together? Their weekly returns over three years give a correlation of 0.77, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DK and PBF?
On 3 years of weekly data the DK/PBF correlation comes out at 0.77, strong. The relationship has been stable: the 1-year correlation (0.78) sits close to the 3-year figure. The 5-year figure is 0.79, and annualized covariance runs at 2450.1 %².
Within DK's tracked universe of 14 assets, PBF comes in at #4 by 3-year correlation. Twelve-month performance is nearly a tie, at +165.9% for DK and +167.0% for PBF.
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 PBF: side by side
| DK (Delek US Holdings, Inc.) | PBF (PBF Energy Inc.) | |
|---|---|---|
| 1-year return | +165.9% | +167.0% |
| 5-year return | +392.8% | +642.1% |
| Volatility (ann.) | 54.6% | 58.6% |
| Beta vs S&P 500 | 0.53 | 0.47 |
| Max drawdown (3Y) | -63.6% | -76.0% |
| Market cap | $4.3B | $8.1B |
| P/E (trailing) | 19.3 | 6.1 |
| Dividend yield | 1.44% | 1.58% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DK | PBF |
|---|---|---|
| 2022 | +84.0% | +215.8% |
| 2023 | -0.8% | +10.0% |
| 2024 | -25.0% | -38.0% |
| 2025 | +68.7% | +6.8% |
| 2026 | +140.7% | +157.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DK and PBF good diversifiers for each other?
Only partially. A correlation of 0.77 means DK 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 DK and PBF?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.78 over the last year and 0.79 over 5 years.
Is PBF a good diversifier for DK?
Only partially. A correlation of 0.77 means DK 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 0.77 mean?
A reading of 0.77 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-pbf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dk-vs-pbf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DK correlations · PBF correlations
