CZR vs DPZ: Correlation
Caesars Entertainment, Inc. (CZR) and Domino's (DPZ) 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 CZR and DPZ?
On 3 years of weekly data the CZR/DPZ correlation comes out at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. The 5-year figure is 0.38, and annualized covariance runs at 485.9 %².
DPZ is close to the least connected end of CZR's tracked universe, ranking #10 of 13. Correlation aside, the last 12 months split them widely, with CZR ahead by 35.1 points (+9.9% versus -25.2%). Risk is not evenly split, since CZR carries 1.5 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.
CZR vs DPZ: side by side
| CZR (Caesars Entertainment, Inc.) | DPZ (Domino's) | |
|---|---|---|
| 1-year return | +9.9% | -25.2% |
| 5-year return | -71.0% | -31.2% |
| Volatility (ann.) | 41.8% | 27.8% |
| Beta vs S&P 500 | 1.43 | 0.67 |
| Max drawdown (3Y) | -67.5% | -45.1% |
| Market cap | $6.0B | $11.0B |
| P/E (trailing) | – | 19.5 |
| Dividend yield | 0.00% | 2.17% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | CZR | DPZ |
|---|---|---|
| 2022 | -55.5% | -37.9% |
| 2023 | +12.7% | +20.7% |
| 2024 | -28.7% | +3.2% |
| 2025 | -30.0% | +0.9% |
| 2026 | +26.7% | -19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CZR and DPZ good diversifiers for each other?
Reasonably. At 0.42, CZR and DPZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CZR and DPZ?
The CZR/DPZ correlation stands at 0.42 on a 3-year window (1 year: 0.38, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is DPZ a good diversifier for CZR?
Reasonably. At 0.42, CZR and DPZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/czr-vs-dpz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/czr-vs-dpz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CZR correlations · DPZ correlations
