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 22.20%/yr vs 15.07%/yr for SPY. Their 0.39 correlation means their historical movements had little consistent relationship.
Performance
DK vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, DK achieves a 131.64% return, which is significantly higher than SPY's 10.13% return. Over the past 10 years, DK has outperformed SPY with an annualized return of 22.20%, while SPY has yielded a comparatively lower 15.07% annualized return.
DK
- 1D
- 0.24%
- 1M
- 29.01%
- 6M
- 132.81%
- YTD
- 131.64%
- 1Y
- 236.99%
- 3Y*
- 40.71%
- 5Y*
- 35.79%
- 10Y*
- 22.20%
- ALL TIME*
- 10.39%
SPY
- 1D
- 0.72%
- 1M
- 0.30%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.49%
- 3Y*
- 19.32%
- 5Y*
- 12.76%
- 10Y*
- 15.07%
- ALL TIME*
- 10.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $75.45M | $71.84M | $61.34M | |
| $37.27B | $35.99B | $39.23B |
DK vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DK Delek US Holdings, Inc. | 131.64% | 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 | 10.13% | 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 -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 -0.09 (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 | +2.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.27 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 5.95 | 2.20 | +3.75 |
| Martin ratioReturn relative to average drawdown | 16.14 | 9.40 | +6.74 |
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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% | -1.40% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -43.17% | -9.01% | -34.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.31% | 2.08% | +11.23% |
Volatility
DK vs. SPY - Volatility Comparison
Delek US Holdings, Inc. (DK) has a higher volatility of 13.01% compared to State Street SPDR S&P 500 ETF (SPY) at 3.58%. 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 | 13.01% | 3.58% | +9.43% |
Volatility (6M)Calculated over the trailing 6-month period | 41.37% | 10.14% | +31.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.23% | 12.89% | +44.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.49% | 17.18% | +35.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.47% | 17.95% | +38.52% |
Dividends
DK vs. SPY - Dividend Comparison
DK's dividend yield for the trailing twelve months is around 1.50%, more than SPY's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DK Delek US Holdings, Inc. | 1.50% | 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 | 1.01% | 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 -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DK has higher volatility (13.01%) compared to SPY (3.58%). In terms of maximum drawdown, DK dropped -86.89% vs SPY's -55.19%.
DK currently has the higher Sharpe Ratio (3.75 vs 1.52), 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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