CART vs DASH: Correlation
Maplebear Inc. (CART) and DoorDash (DASH) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CART and DASH?
Over the past 3 years, CART and DASH moved with a correlation of 0.42, which is moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 731.4 %².
Few assets follow CART as closely as DASH, which ranks #3 of 11 tracked partners. Correlation aside, the last 12 months split them widely, with CART ahead by 22.2 points (+16.6% versus -5.6%).
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.
CART vs DASH: side by side
| CART (Maplebear Inc.) | DASH (DoorDash) | |
|---|---|---|
| 1-year return | +16.6% | -5.6% |
| 5-year return | n/a | +20.3% |
| Volatility (ann.) | 39.6% | 44.1% |
| Beta vs S&P 500 | 0.96 | 1.73 |
| Max drawdown (3Y) | -38.0% | -48.0% |
| Market cap | $11.7B | $101.0B |
| P/E (trailing) | 27.7 | 123.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | CART | DASH |
|---|---|---|
| 2022 | – | -67.2% |
| 2023 | – | +102.6% |
| 2024 | +76.5% | +69.6% |
| 2025 | +8.6% | +35.0% |
| 2026 | +12.2% | +2.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CART and DASH good diversifiers for each other?
Reasonably. At 0.42, CART and DASH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CART and DASH?
As of 2026-08-27, the correlation of weekly returns between CART and DASH is 0.42 over 3 years, 0.45 over 1 year and n/a over 5 years.
Is DASH a good diversifier for CART?
Reasonably. At 0.42, CART and DASH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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
$ curl https://www.pairbook.io/api/v1/pairs/cart-vs-dash.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cart-vs-dash/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CART correlations · DASH correlations
