MPC vs PBF: Correlation
How closely do Marathon Petroleum (MPC) and PBF Energy Inc. (PBF) trade together? Their weekly returns over three years give a correlation of 0.75, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MPC and PBF?
On 3 years of weekly data the MPC/PBF correlation comes out at 0.75, strong. The relationship has been stable: the 1-year correlation (0.77) sits close to the 3-year figure. The 5-year figure is 0.74, and annualized covariance runs at 1510.2 %².
Within MPC's tracked universe of 29 assets, PBF comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PBF outperformed by 59.2 percentage points (+107.8% for MPC against +167.0% for PBF). Note the risk asymmetry: PBF runs 1.7 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.
MPC vs PBF: side by side
| MPC (Marathon Petroleum) | PBF (PBF Energy Inc.) | |
|---|---|---|
| 1-year return | +107.8% | +167.0% |
| 5-year return | +589.6% | +642.1% |
| Volatility (ann.) | 34.2% | 58.6% |
| Beta vs S&P 500 | 0.48 | 0.47 |
| Max drawdown (3Y) | -44.7% | -76.0% |
| Market cap | $102.1B | $8.1B |
| P/E (trailing) | 12.6 | 6.1 |
| Dividend yield | 1.10% | 1.58% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | MPC | PBF |
|---|---|---|
| 2022 | +86.6% | +215.8% |
| 2023 | +30.5% | +10.0% |
| 2024 | -4.1% | -38.0% |
| 2025 | +19.2% | +6.8% |
| 2026 | +126.1% | +157.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MPC and PBF good diversifiers for each other?
To a limited degree. At 0.75 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 MPC and PBF?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with 0.77 over the last year and 0.74 over 5 years.
Is PBF a good diversifier for MPC?
To a limited degree. At 0.75 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 0.75 mean?
On the −1 to +1 scale, 0.75 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
$ curl https://www.pairbook.io/api/v1/pairs/mpc-vs-pbf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mpc-vs-pbf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MPC correlations · PBF correlations
