DASH vs XLY: Correlation
Measured on weekly returns over the past three years, DoorDash (DASH) and Consumer Discretionary Select Sector SPDR Fund (XLY) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DASH and XLY?
On 3 years of weekly data the DASH/XLY correlation comes out at 0.54, moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.54 over 3. The 5-year figure is 0.56, and annualized covariance runs at 463.9 %².
Within DASH's tracked universe of 36 assets, XLY comes in at #17 by 3-year correlation. On 12-month performance XLY holds a 5.5-point edge, -5.6% against -0.1%. The rolling one-year correlation moved between 0.30 and 0.72 over the past three years, a moderate range. Risk is not evenly split, since DASH carries 2.2 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 XLY: side by side
| DASH (DoorDash) | XLY (Consumer Discretionary Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -5.6% | -0.1% |
| 5-year return | +20.3% | +31.8% |
| Volatility (ann.) | 44.1% | 19.7% |
| Beta vs S&P 500 | 1.73 | 1.15 |
| Max drawdown (3Y) | -48.0% | -26.0% |
| Market cap | $101.0B | – |
| P/E (trailing) | 123.3 | – |
| Dividend yield | 0.00% | 0.78% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $22.5B |
| Sector / category | Consumer Discretionary | Sector ETF |
XLY is a Consumer Cyclical fund from State Street Investment Management: $22.5B under management, 47 holdings, a 0.08% expense ratio, a 0.78% trailing dividend yield.
Year-by-year returns
| Year | DASH | XLY |
|---|---|---|
| 2022 | -67.2% | -36.3% |
| 2023 | +102.6% | +39.6% |
| 2024 | +69.6% | +26.5% |
| 2025 | +35.0% | +7.4% |
| 2026 | +2.4% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 2.24% of XLY is DASH itself, so the fund partly moves with the stock by construction.
Are DASH and XLY good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DASH and XLY?
As of 2026-08-27, the correlation of weekly returns between DASH and XLY is 0.54 over 3 years, 0.56 over 1 year and 0.56 over 5 years.
Is XLY a good diversifier for DASH?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 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-xly.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dash-vs-xly/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DASH correlations · XLY correlations
