DK vs. SPY
DK (Delek US Holdings, Inc.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, DK returned 20.45%/yr vs 15.08%/yr for SPY. At a 0.39 correlation, their price movements are largely independent.
Performance
DK vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, DK achieves a 97.98% return, which is significantly higher than SPY's 10.45% return. Over the past 10 years, DK has outperformed SPY with an annualized return of 20.45%, while SPY has yielded a comparatively lower 15.08% annualized return.
DK
- 1D
- 4.50%
- 1M
- 22.85%
- 6M
- 98.99%
- YTD
- 97.98%
- 1Y
- 125.24%
- 3Y*
- 41.81%
- 5Y*
- 31.63%
- 10Y*
- 20.45%
SPY
- 1D
- -0.77%
- 1M
- 1.26%
- 6M
- 8.34%
- YTD
- 10.45%
- 1Y
- 21.46%
- 3Y*
- 20.07%
- 5Y*
- 12.94%
- 10Y*
- 15.08%
DK vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DK Delek US Holdings, Inc. | 97.98% | 68.73% | -24.98% | -0.78% | 84.03% | -6.72% | -49.56% | 6.57% | -4.90% | 48.75% |
SPY State Street SPDR S&P 500 ETF | 10.45% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between DK and SPY is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since May 4, 2006 | 0.39 |
The correlation between DK and SPY shifts across timeframes, from -0.10 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DK vs. SPY — Risk / Return Rank
DK
SPY
DK vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delek US Holdings, Inc. (DK) and State Street SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DK | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.31 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 2.43 | +1.07 |
| Martin ratioReturn relative to average drawdown | 8.94 | 10.57 | -1.64 |
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Drawdowns
DK vs. SPY - Drawdown Comparison
The maximum DK drawdown since its inception was -86.89%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DK and SPY.
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Drawdown Indicators
| DK | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.89% | -55.19% | -31.70% |
Max Drawdown (1Y)Largest decline over 1 year | -36.02% | -8.88% | -27.14% |
Max Drawdown (3Y)Largest decline over 3 years | -63.60% | -18.76% | -44.84% |
Max Drawdown (5Y)Largest decline over 5 years | -63.60% | -24.50% | -39.10% |
Max Drawdown (10Y)Largest decline over 10 years | -84.25% | -33.72% | -50.53% |
Current DrawdownCurrent decline from peak | 0.00% | -1.12% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -43.29% | -9.02% | -34.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.19% | 2.03% | +12.16% |
Volatility
DK vs. SPY - Volatility Comparison
Delek US Holdings, Inc. (DK) has a higher volatility of 16.05% compared to State Street SPDR S&P 500 ETF (SPY) at 4.26%. This indicates that DK's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DK | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.05% | 4.26% | +11.79% |
Volatility (6M)Calculated over the trailing 6-month period | 41.57% | 10.01% | +31.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.41% | 12.60% | +44.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.60% | 17.17% | +35.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.46% | 17.93% | +38.53% |
Dividends
DK vs. SPY - Dividend Comparison
DK's dividend yield for the trailing twelve months is around 1.76%, more than SPY's 1.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DK Delek US Holdings, Inc. | 1.76% | 3.44% | 5.43% | 3.59% | 2.26% | 0.00% | 5.79% | 3.40% | 2.95% | 1.72% | 2.49% | 2.85% |
SPY State Street SPDR S&P 500 ETF | 1.00% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
DK and SPY have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DK has higher volatility (16.05%) compared to SPY (4.26%). In terms of maximum drawdown, DK dropped -86.89% vs SPY's -55.19%.
DK currently has the higher Sharpe Ratio (2.20 vs 1.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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