DASH vs USA: Correlation
Measured on weekly returns over the past three years, DoorDash (DASH) and Liberty All-Star Equity Fund (USA) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DASH and USA?
Over the past 3 years, DASH and USA moved with a correlation of 0.57, which is moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.57 over 3. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 384.4 %².
Within DASH's tracked universe of 36 assets, USA comes in at #9 by 3-year correlation. The trailing year gives USA the advantage: -5.6% versus +1.6%, a 7.2-point spread. 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 USA: side by side
| DASH (DoorDash) | USA (Liberty All-Star Equity Fund) | |
|---|---|---|
| 1-year return | -5.6% | +1.6% |
| 5-year return | +20.3% | +18.1% |
| Volatility (ann.) | 44.1% | 15.2% |
| Beta vs S&P 500 | 1.73 | 0.89 |
| Max drawdown (3Y) | -48.0% | -17.7% |
| Market cap | $101.0B | – |
| P/E (trailing) | 123.3 | 10.7 |
| Dividend yield | 0.00% | 11.19% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DASH | USA |
|---|---|---|
| 2022 | -67.2% | -25.2% |
| 2023 | +102.6% | +23.2% |
| 2024 | +69.6% | +20.8% |
| 2025 | +35.0% | +0.1% |
| 2026 | +2.4% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DASH and USA good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DASH and USA?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.56 over the last year and 0.58 over 5 years.
Is USA a good diversifier for DASH?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
A reading of 0.57 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-usa.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: DASH correlations · USA correlations
