ARKK vs DASH: Correlation
How closely do ARK Innovation ETF (ARKK) and DoorDash (DASH) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and DASH?
On 3 years of weekly data the ARKK/DASH correlation comes out at 0.59, moderate. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. The 5-year figure is 0.68, and annualized covariance runs at 1012.8 %².
Among the 122 assets we track against ARKK, DASH ranks #37 by 3-year correlation. The last year tells two different stories: ARKK led by 21.3 percentage points, +15.7% for ARKK against -5.6% for DASH. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.25 to 0.81.
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.
ARKK vs DASH: side by side
| ARKK (ARK Innovation ETF) | DASH (DoorDash) | |
|---|---|---|
| 1-year return | +15.7% | -5.6% |
| 5-year return | -27.7% | +20.3% |
| Volatility (ann.) | 38.8% | 44.1% |
| Beta vs S&P 500 | 2.07 | 1.73 |
| Max drawdown (3Y) | -39.6% | -48.0% |
| Market cap | – | $101.0B |
| P/E (trailing) | – | 123.3 |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | Consumer Discretionary |
Year-by-year returns
| Year | ARKK | DASH |
|---|---|---|
| 2022 | -67.0% | -67.2% |
| 2023 | +69.0% | +102.6% |
| 2024 | +8.4% | +69.6% |
| 2025 | +35.5% | +35.0% |
| 2026 | +13.6% | +2.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and DASH good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARKK and DASH?
The ARKK/DASH correlation stands at 0.59 on a 3-year window (1 year: 0.65, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is DASH a good diversifier for ARKK?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 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/arkk-vs-dash.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arkk-vs-dash/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARKK correlations · DASH correlations
