DFIN vs WING: Correlation
Donnelley Financial Solutions, Inc. (DFIN) and Wingstop Inc. (WING) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFIN and WING?
Over the past 3 years, DFIN and WING moved with a correlation of 0.46, which is moderate. The link has tightened recently: the 1-year correlation (0.61) runs above the 3-year figure (0.46). Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 1067.3 %².
Among the 14 assets we track against DFIN, WING ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DFIN outperformed by 51.7 percentage points (-15.6% for DFIN against -67.3% for WING).
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.
DFIN vs WING: side by side
| DFIN (Donnelley Financial Solutions, Inc.) | WING (Wingstop Inc.) | |
|---|---|---|
| 1-year return | -15.6% | -67.3% |
| 5-year return | +44.0% | -31.4% |
| Volatility (ann.) | 42.1% | 55.1% |
| Beta vs S&P 500 | 1.09 | 1.29 |
| Max drawdown (3Y) | -47.4% | -74.0% |
| Market cap | $1.2B | $3.0B |
| P/E (trailing) | 30.9 | 26.5 |
| Dividend yield | 0.00% | 1.07% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFIN | WING |
|---|---|---|
| 2022 | -18.0% | -17.1% |
| 2023 | +61.4% | +87.3% |
| 2024 | +0.6% | +11.1% |
| 2025 | -25.6% | -15.7% |
| 2026 | +2.7% | -53.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFIN and WING good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DFIN and WING?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.61 over the last year and 0.40 over 5 years.
Is WING a good diversifier for DFIN?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/dfin-vs-wing.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dfin-vs-wing/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DFIN correlations · WING correlations
