DAVE vs LYFT: Correlation
Measured on weekly returns over the past three years, Dave Inc. (DAVE) and Lyft, Inc. (LYFT) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAVE and LYFT?
Across a 3-year window, the weekly returns of DAVE and LYFT correlate at 0.46, moderate. The past 12 months show a weaker link (0.29) than the 3-year average (0.46). Stretching to 5 years gives 0.34, with an annualized covariance of 2831.6 %².
In DAVE's tracked universe of 11 assets, LYFT sits right near the top at #3. Correlation aside, the last 12 months split them widely, with DAVE ahead by 73.2 points (+80.0% versus +6.8%). One caveat on sizing: DAVE is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 LYFT: side by side
| DAVE (Dave Inc.) | LYFT (Lyft, Inc.) | |
|---|---|---|
| 1-year return | +80.0% | +6.8% |
| 5-year return | +18.4% | -63.2% |
| Volatility (ann.) | 100.5% | 61.8% |
| Beta vs S&P 500 | 2.12 | 1.77 |
| Max drawdown (3Y) | -44.7% | -55.2% |
| Market cap | $4.8B | $6.6B |
| P/E (trailing) | 24.0 | 2.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DAVE | LYFT |
|---|---|---|
| 2022 | -97.2% | -74.2% |
| 2023 | -9.6% | +36.0% |
| 2024 | +936.6% | -13.9% |
| 2025 | +154.7% | +50.2% |
| 2026 | +68.9% | -10.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAVE and LYFT good diversifiers for each other?
Reasonably. At 0.46, DAVE and LYFT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DAVE and LYFT?
As of 2026-08-27, the correlation of weekly returns between DAVE and LYFT is 0.46 over 3 years, 0.29 over 1 year and 0.34 over 5 years.
Is LYFT a good diversifier for DAVE?
Reasonably. At 0.46, DAVE and LYFT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 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-lyft.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dave-vs-lyft/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DAVE correlations · LYFT correlations
