CMG vs DASH: Correlation
How closely do Chipotle Mexican Grill (CMG) and DoorDash (DASH) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMG and DASH?
Across a 3-year window, the weekly returns of CMG and DASH correlate at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 591.3 %².
By 3-year correlation, DASH places #17 of the 36 assets tracked against CMG. Over the last 12 months DASH came out ahead by 7.1 percentage points (-12.7% against -5.6%). The rolling one-year correlation moved between 0.24 and 0.57 over the past three years, a moderate range.
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.
CMG vs DASH: side by side
| CMG (Chipotle Mexican Grill) | DASH (DoorDash) | |
|---|---|---|
| 1-year return | -12.7% | -5.6% |
| 5-year return | -2.9% | +20.3% |
| Volatility (ann.) | 35.7% | 44.1% |
| Beta vs S&P 500 | 0.89 | 1.73 |
| Max drawdown (3Y) | -58.9% | -48.0% |
| Market cap | $47.1B | $101.0B |
| P/E (trailing) | 34.5 | 123.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | CMG | DASH |
|---|---|---|
| 2022 | -20.6% | -67.2% |
| 2023 | +64.8% | +102.6% |
| 2024 | +31.8% | +69.6% |
| 2025 | -38.6% | +35.0% |
| 2026 | +0.6% | +2.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMG and DASH good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CMG and DASH?
The CMG/DASH correlation stands at 0.38 on a 3-year window (1 year: 0.34, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is DASH a good diversifier for CMG?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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/cmg-vs-dash.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cmg-vs-dash/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CMG correlations · DASH correlations
