DASH vs SPYG: Correlation
Measured on weekly returns over the past three years, DoorDash (DASH) and SPDR Portfolio S&P 500 Growth ETF (SPYG) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DASH and SPYG?
Over the past 3 years, DASH and SPYG moved with a correlation of 0.56, which is moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.56 over 3. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 471.5 %².
Among the 36 assets we track against DASH, SPYG ranks #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SPYG outperformed by 28.0 percentage points (-5.6% for DASH against +22.4% for SPYG). On a rolling one-year basis the correlation drifted between 0.40 and 0.77, a moderate band. Risk is not evenly split, since DASH carries 2.3 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.
DASH vs SPYG: side by side
| DASH (DoorDash) | SPYG (SPDR Portfolio S&P 500 Growth ETF) | |
|---|---|---|
| 1-year return | -5.6% | +22.4% |
| 5-year return | +20.3% | +85.9% |
| Volatility (ann.) | 44.1% | 18.9% |
| Beta vs S&P 500 | 1.73 | 1.25 |
| Max drawdown (3Y) | -48.0% | -22.1% |
| Market cap | $101.0B | – |
| P/E (trailing) | 123.3 | – |
| Dividend yield | 0.00% | 0.49% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $52.2B |
| Sector / category | Consumer Discretionary | ETF · US Style |
SPYG is a Large Growth fund from State Street Investment Management: $52.2B under management, 148 holdings, a 0.04% expense ratio, a 0.49% trailing dividend yield.
Year-by-year returns
| Year | DASH | SPYG |
|---|---|---|
| 2022 | -67.2% | -29.4% |
| 2023 | +102.6% | +30.0% |
| 2024 | +69.6% | +36.0% |
| 2025 | +35.0% | +22.1% |
| 2026 | +2.4% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.25% of SPYG is DASH itself, so the fund partly moves with the stock by construction.
Are DASH and SPYG 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 SPYG?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.53 over the last year and 0.59 over 5 years.
Is SPYG 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?
A reading of 0.56 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-spyg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dash-vs-spyg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DASH correlations · SPYG correlations
