CASY vs SDA: Correlation
Measured on weekly returns over the past three years, Casey's (CASY) and SunCar Technology Group Inc. (SDA) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CASY and SDA?
On 3 years of weekly data the CASY/SDA correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. The 5-year figure is -0.10, and annualized covariance runs at -507.9 %².
By 3-year correlation, SDA places #23 of the 30 assets tracked against CASY. The last year tells two different stories: CASY led by 124.4 percentage points, +53.7% for CASY against -70.7% for SDA. One caveat on sizing: SDA is 2.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CASY vs SDA: side by side
| CASY (Casey's) | SDA (SunCar Technology Group Inc.) | |
|---|---|---|
| 1-year return | +53.7% | -70.7% |
| 5-year return | +284.3% | -92.6% |
| Volatility (ann.) | 28.9% | 84.1% |
| Beta vs S&P 500 | 0.39 | 0.35 |
| Max drawdown (3Y) | -16.6% | -95.7% |
| Market cap | $28.2B | $0.1B |
| P/E (trailing) | 42.2 | – |
| Dividend yield | 0.28% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | CASY | SDA |
|---|---|---|
| 2022 | +14.5% | +4.3% |
| 2023 | +23.3% | -20.3% |
| 2024 | +45.0% | +17.0% |
| 2025 | +40.1% | -79.1% |
| 2026 | +38.4% | -63.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CASY and SDA good diversifiers for each other?
Yes. With a correlation of -0.21, CASY and SDA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CASY and SDA?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.29 over the last year and -0.10 over 5 years.
Is SDA a good diversifier for CASY?
Yes. With a correlation of -0.21, CASY and SDA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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/casy-vs-sda.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/casy-vs-sda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CASY correlations · SDA correlations
