DASH vs ETY: Correlation
DoorDash (DASH) and Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DASH and ETY?
Across a 3-year window, the weekly returns of DASH and ETY correlate at 0.56, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.56 over 3. Stretching to 5 years gives 0.52, with an annualized covariance of 383.3 %².
Among the 36 assets we track against DASH, ETY ranks #13 by 3-year correlation. On 12-month performance ETY holds a 5.2-point edge, -5.6% against -0.4%. Note the risk asymmetry: DASH runs 2.9 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 ETY: side by side
| DASH (DoorDash) | ETY (Eaton Vance Tax-Managed Diversified Equity Income Fund) | |
|---|---|---|
| 1-year return | -5.6% | -0.4% |
| 5-year return | +20.3% | +51.2% |
| Volatility (ann.) | 44.1% | 15.4% |
| Beta vs S&P 500 | 1.73 | 0.97 |
| Max drawdown (3Y) | -48.0% | -21.3% |
| Market cap | $101.0B | – |
| P/E (trailing) | 123.3 | 5.2 |
| Dividend yield | 0.00% | 8.24% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DASH | ETY |
|---|---|---|
| 2022 | -67.2% | -21.2% |
| 2023 | +102.6% | +21.9% |
| 2024 | +69.6% | +33.1% |
| 2025 | +35.0% | +11.0% |
| 2026 | +2.4% | +0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DASH and ETY good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DASH and ETY?
As of 2026-08-27, the correlation of weekly returns between DASH and ETY is 0.56 over 3 years, 0.49 over 1 year and 0.52 over 5 years.
Is ETY a good diversifier for DASH?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dash-vs-ety.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dash-vs-ety/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DASH correlations · ETY correlations
