DASH vs SPOT: Correlation
Measured on weekly returns over the past three years, DoorDash (DASH) and Spotify Technology S.A. (SPOT) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DASH and SPOT?
Across a 3-year window, the weekly returns of DASH and SPOT correlate at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Stretching to 5 years gives 0.51, with an annualized covariance of 747.4 %².
Among the 36 assets we track against DASH, SPOT ranks #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DASH ahead by 18.3 points (-5.6% versus -23.9%).
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 SPOT: side by side
| DASH (DoorDash) | SPOT (Spotify Technology S.A.) | |
|---|---|---|
| 1-year return | -5.6% | -23.9% |
| 5-year return | +20.3% | +126.2% |
| Volatility (ann.) | 44.1% | 39.5% |
| Beta vs S&P 500 | 1.73 | 0.85 |
| Max drawdown (3Y) | -48.0% | -46.8% |
| Market cap | $101.0B | $108.4B |
| P/E (trailing) | 123.3 | 29.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DASH | SPOT |
|---|---|---|
| 2022 | -67.2% | -66.3% |
| 2023 | +102.6% | +138.0% |
| 2024 | +69.6% | +138.1% |
| 2025 | +35.0% | +29.8% |
| 2026 | +2.4% | -9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DASH and SPOT good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DASH and SPOT?
The DASH/SPOT correlation stands at 0.43 on a 3-year window (1 year: 0.37, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is SPOT a good diversifier for DASH?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 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/dash-vs-spot.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dash-vs-spot/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DASH correlations · SPOT correlations
