CVGI vs DASH: Correlation
Measured on weekly returns over the past three years, Commercial Vehicle Group, Inc. (CVGI) and DoorDash (DASH) 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 CVGI and DASH?
Across a 3-year window, the weekly returns of CVGI and DASH correlate at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. Stretching to 5 years gives -0.00, with an annualized covariance of -740.0 %².
Among the 16 assets we track against CVGI, DASH sits near the bottom by co-movement, at rank #12. The last year tells two different stories: CVGI led by 84.3 percentage points, +78.7% for CVGI against -5.6% for DASH. Note the risk asymmetry: CVGI runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CVGI vs DASH: side by side
| CVGI (Commercial Vehicle Group, Inc.) | DASH (DoorDash) | |
|---|---|---|
| 1-year return | +78.7% | -5.6% |
| 5-year return | -70.3% | +20.3% |
| Volatility (ann.) | 81.5% | 44.1% |
| Beta vs S&P 500 | 0.77 | 1.73 |
| Max drawdown (3Y) | -91.0% | -48.0% |
| Market cap | $0.1B | $101.0B |
| P/E (trailing) | – | 123.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | CVGI | DASH |
|---|---|---|
| 2022 | -15.5% | -67.2% |
| 2023 | +2.9% | +102.6% |
| 2024 | -64.6% | +69.6% |
| 2025 | -41.9% | +35.0% |
| 2026 | +120.8% | +2.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVGI and DASH good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between CVGI and DASH?
As of 2026-08-27, the correlation of weekly returns between CVGI and DASH is -0.21 over 3 years, -0.27 over 1 year and -0.00 over 5 years.
Is DASH a good diversifier for CVGI?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 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/cvgi-vs-dash.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvgi-vs-dash/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CVGI correlations · DASH correlations
