DAVE vs EEFT: Correlation
Dave Inc. (DAVE) and Euronet Worldwide, Inc. (EEFT) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAVE and EEFT?
On 3 years of weekly data the DAVE/EEFT correlation comes out at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. The 5-year figure is 0.34, and annualized covariance runs at 1268.8 %².
Within DAVE's tracked universe of 11 assets, EEFT comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DAVE ahead by 107.0 points (+80.0% versus -27.0%). Note the risk asymmetry: DAVE runs 3.3 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.
DAVE vs EEFT: side by side
| DAVE (Dave Inc.) | EEFT (Euronet Worldwide, Inc.) | |
|---|---|---|
| 1-year return | +80.0% | -27.0% |
| 5-year return | +18.4% | -48.7% |
| Volatility (ann.) | 100.5% | 30.1% |
| Beta vs S&P 500 | 2.12 | 0.89 |
| Max drawdown (3Y) | -44.7% | -45.3% |
| Market cap | $4.8B | $2.6B |
| P/E (trailing) | 24.0 | 11.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DAVE | EEFT |
|---|---|---|
| 2022 | -97.2% | -20.8% |
| 2023 | -9.6% | +7.5% |
| 2024 | +936.6% | +1.3% |
| 2025 | +154.7% | -26.0% |
| 2026 | +68.9% | -10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAVE and EEFT good diversifiers for each other?
Reasonably. At 0.42, DAVE and EEFT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DAVE and EEFT?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.47 over the last year and 0.34 over 5 years.
Is EEFT a good diversifier for DAVE?
Reasonably. At 0.42, DAVE and EEFT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dave-vs-eeft.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dave-vs-eeft/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DAVE correlations · EEFT correlations
