CARS vs DCGO: Correlation
Measured on weekly returns over the past three years, Cars.com Inc. (CARS) and DocGo Inc. (DCGO) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CARS and DCGO?
Across a 3-year window, the weekly returns of CARS and DCGO correlate at 0.38, moderate. Recent behaviour matches the longer record: 0.29 over 1 year against 0.38 over 3. Stretching to 5 years gives 0.30, with an annualized covariance of 1109.6 %².
Out of 14 assets tracked against CARS, DCGO lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with CARS ahead by 63.8 points (-10.6% versus -74.4%). Risk is not evenly split, since DCGO carries 1.7 times the volatility of the other side.
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.
CARS vs DCGO: side by side
| CARS (Cars.com Inc.) | DCGO (DocGo Inc.) | |
|---|---|---|
| 1-year return | -10.6% | -74.4% |
| 5-year return | -7.8% | -95.8% |
| Volatility (ann.) | 42.1% | 69.8% |
| Beta vs S&P 500 | 1.42 | 1.31 |
| Max drawdown (3Y) | -63.4% | -95.7% |
| Market cap | $0.6B | – |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CARS | DCGO |
|---|---|---|
| 2022 | -14.4% | -24.4% |
| 2023 | +37.8% | -20.9% |
| 2024 | -8.6% | -24.2% |
| 2025 | -29.6% | -79.3% |
| 2026 | -3.5% | -52.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CARS and DCGO good diversifiers for each other?
Reasonably. At 0.38, CARS and DCGO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CARS and DCGO?
The CARS/DCGO correlation stands at 0.38 on a 3-year window (1 year: 0.29, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is DCGO a good diversifier for CARS?
Reasonably. At 0.38, CARS and DCGO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: CARS correlations · DCGO correlations
