DASH vs ETB: Correlation
How closely do DoorDash (DASH) and Eaton Vance Tax-Managed Buy-Write Income Fund Eaton Vance (ETB) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DASH and ETB?
On 3 years of weekly data the DASH/ETB correlation comes out at 0.56, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.56 over 3. The 5-year figure is 0.45, and annualized covariance runs at 342.1 %².
Among the 36 assets we track against DASH, ETB ranks #12 by 3-year correlation. The last year tells two different stories: ETB led by 19.8 percentage points, -5.6% for DASH against +14.2% for ETB. Note the risk asymmetry: DASH runs 3.2 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.
DASH vs ETB: side by side
| DASH (DoorDash) | ETB (Eaton Vance Tax-Managed Buy-Write Income Fund Eaton Vance) | |
|---|---|---|
| 1-year return | -5.6% | +14.2% |
| 5-year return | +20.3% | +44.4% |
| Volatility (ann.) | 44.1% | 13.9% |
| Beta vs S&P 500 | 1.73 | 0.83 |
| Max drawdown (3Y) | -48.0% | -20.1% |
| Market cap | $101.0B | $0.5B |
| P/E (trailing) | 123.3 | 7.7 |
| Dividend yield | 0.00% | 8.13% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DASH | ETB |
|---|---|---|
| 2022 | -67.2% | -16.6% |
| 2023 | +102.6% | +7.5% |
| 2024 | +69.6% | +26.2% |
| 2025 | +35.0% | +11.2% |
| 2026 | +2.4% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DASH and ETB good diversifiers for each other?
Only partially. A correlation of 0.56 means DASH and ETB 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 DASH and ETB?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.47 over the last year and 0.45 over 5 years.
Is ETB a good diversifier for DASH?
Only partially. A correlation of 0.56 means DASH and ETB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 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.
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Related comparisons
Hubs: DASH correlations · ETB correlations
