PARR vs PBF: Correlation
Par Pacific Holdings, Inc. (PARR) and PBF Energy Inc. (PBF) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PARR and PBF?
On 3 years of weekly data the PARR/PBF correlation comes out at 0.73, strong. Little has changed lately, as the 1-year reading of 0.75 lands near the 3-year figure. The 5-year figure is 0.69, and annualized covariance runs at 2199.3 %².
In PARR's tracked universe of 22 assets, PBF sits right near the top at #1. The last year tells two different stories: PBF led by 41.5 percentage points, +125.5% for PARR against +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.
PARR vs PBF: side by side
| PARR (Par Pacific Holdings, Inc.) | PBF (PBF Energy Inc.) | |
|---|---|---|
| 1-year return | +125.5% | +167.0% |
| 5-year return | +375.6% | +642.1% |
| Volatility (ann.) | 51.3% | 58.6% |
| Beta vs S&P 500 | 0.13 | 0.47 |
| Max drawdown (3Y) | -69.7% | -76.0% |
| Market cap | $3.9B | $8.1B |
| P/E (trailing) | 4.4 | 6.1 |
| Dividend yield | 0.00% | 1.58% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PARR | PBF |
|---|---|---|
| 2022 | +41.0% | +215.8% |
| 2023 | +56.4% | +10.0% |
| 2024 | -54.9% | -38.0% |
| 2025 | +114.4% | +6.8% |
| 2026 | +119.2% | +157.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PARR and PBF good diversifiers for each other?
To a limited degree. At 0.73 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 PARR and PBF?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.75 over the last year and 0.69 over 5 years.
Is PBF a good diversifier for PARR?
To a limited degree. At 0.73 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 0.73 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/parr-vs-pbf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/parr-vs-pbf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PARR correlations · PBF correlations
