DAC vs ZIM: Correlation
Danaos Corporation (DAC) and ZIM Integrated Shipping Services Ltd. (ZIM) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAC and ZIM?
Across a 3-year window, the weekly returns of DAC and ZIM correlate at 0.50, moderate. The past 12 months show a weaker link (0.32) than the 3-year average (0.50). Stretching to 5 years gives 0.49, with an annualized covariance of 938.1 %².
By 3-year correlation, ZIM places #10 of the 15 assets tracked against DAC. Correlation aside, the last 12 months split them widely, with ZIM ahead by 35.1 points (+68.0% versus +103.1%). One caveat on sizing: ZIM 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.
DAC vs ZIM: side by side
| DAC (Danaos Corporation) | ZIM (ZIM Integrated Shipping Services Ltd.) | |
|---|---|---|
| 1-year return | +68.0% | +103.1% |
| 5-year return | +112.7% | +125.1% |
| Volatility (ann.) | 25.3% | 73.9% |
| Beta vs S&P 500 | 0.58 | 1.32 |
| Max drawdown (3Y) | -28.9% | -46.2% |
| Market cap | – | $3.4B |
| P/E (trailing) | 5.0 | 24.1 |
| Dividend yield | 2.44% | 4.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DAC | ZIM |
|---|---|---|
| 2022 | -26.6% | -52.7% |
| 2023 | +47.5% | -21.1% |
| 2024 | +12.4% | +176.9% |
| 2025 | +20.0% | +25.6% |
| 2026 | +64.2% | +35.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAC and ZIM good diversifiers for each other?
Only partially. A correlation of 0.50 means DAC and ZIM 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 DAC and ZIM?
The DAC/ZIM correlation stands at 0.50 on a 3-year window (1 year: 0.32, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is ZIM a good diversifier for DAC?
Only partially. A correlation of 0.50 means DAC and ZIM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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/dac-vs-zim.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dac-vs-zim/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DAC correlations · ZIM correlations
