CSQ vs DASH: Correlation
How closely do Calamos Strategic Total Return Fund - Closed End Fund (CSQ) and DoorDash (DASH) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSQ and DASH?
On 3 years of weekly data the CSQ/DASH correlation comes out at 0.58, moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.58 over 3. The 5-year figure is 0.57, and annualized covariance runs at 483.9 %².
Within CSQ's tracked universe of 51 assets, DASH comes in at #35 by 3-year correlation. The last year tells two different stories: CSQ led by 27.0 percentage points, +21.4% for CSQ against -5.6% for DASH. Risk is not evenly split, since DASH carries 2.3 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.
CSQ vs DASH: side by side
| CSQ (Calamos Strategic Total Return Fund - Closed End Fund) | DASH (DoorDash) | |
|---|---|---|
| 1-year return | +21.4% | -5.6% |
| 5-year return | +64.2% | +20.3% |
| Volatility (ann.) | 18.8% | 44.1% |
| Beta vs S&P 500 | 1.22 | 1.73 |
| Max drawdown (3Y) | -24.2% | -48.0% |
| Market cap | $3.4B | $101.0B |
| P/E (trailing) | 3.2 | 123.3 |
| Dividend yield | 2.95% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | CSQ | DASH |
|---|---|---|
| 2022 | -24.2% | -67.2% |
| 2023 | +20.9% | +102.6% |
| 2024 | +28.2% | +69.6% |
| 2025 | +16.3% | +35.0% |
| 2026 | +14.3% | +2.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSQ and DASH good diversifiers for each other?
Only partially. A correlation of 0.58 means CSQ and DASH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CSQ and DASH?
As of 2026-08-27, the correlation of weekly returns between CSQ and DASH is 0.58 over 3 years, 0.53 over 1 year and 0.57 over 5 years.
Is DASH a good diversifier for CSQ?
Only partially. A correlation of 0.58 means CSQ and DASH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 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/csq-vs-dash.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/csq-vs-dash/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CSQ correlations · DASH correlations
