DASH vs VOO: Correlation
DoorDash (DASH) and Vanguard S&P 500 ETF (VOO) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DASH and VOO?
Across a 3-year window, the weekly returns of DASH and VOO correlate at 0.57, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.57 over 3. Stretching to 5 years gives 0.57, with an annualized covariance of 360.4 %².
Among the 36 assets we track against DASH, VOO ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VOO ahead by 26.2 points (-5.6% versus +20.6%). On a rolling one-year basis the correlation drifted between 0.37 and 0.76, a moderate band. Risk is not evenly split, since DASH carries 3.1 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 VOO: side by side
| DASH (DoorDash) | VOO (Vanguard S&P 500 ETF) | |
|---|---|---|
| 1-year return | -5.6% | +20.6% |
| 5-year return | +20.3% | +83.0% |
| Volatility (ann.) | 44.1% | 14.4% |
| Beta vs S&P 500 | 1.73 | 0.99 |
| Max drawdown (3Y) | -48.0% | -18.7% |
| Market cap | $101.0B | – |
| P/E (trailing) | 123.3 | – |
| Dividend yield | 0.00% | 1.07% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $1,686.9B |
| Sector / category | Consumer Discretionary | ETF · US Large Cap |
VOO, Vanguard's Large Blend fund, carries $1,686.9B under management, 503 holdings, a 0.03% expense ratio, a 1.07% trailing dividend yield.
Year-by-year returns
| Year | DASH | VOO |
|---|---|---|
| 2022 | -67.2% | -18.2% |
| 2023 | +102.6% | +26.3% |
| 2024 | +69.6% | +25.0% |
| 2025 | +35.0% | +17.8% |
| 2026 | +2.4% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VOO holds DASH at a 0.12% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are DASH and VOO 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 VOO?
As of 2026-08-27, the correlation of weekly returns between DASH and VOO is 0.57 over 3 years, 0.50 over 1 year and 0.57 over 5 years.
Is VOO 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?
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 · VOO correlations
