DKNG vs FLUT: Correlation
Measured on weekly returns over the past three years, DraftKings Inc. (DKNG) and Flutter Entertainment plc (FLUT) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DKNG and FLUT?
Over the past 3 years, DKNG and FLUT moved with a correlation of 0.61, which is strong. Recent behaviour matches the longer record: 0.67 over 1 year against 0.61 over 3. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 1266.5 %².
In DKNG's tracked universe of 12 assets, FLUT sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months DKNG outperformed by 19.6 percentage points (-49.3% for DKNG against -68.9% for FLUT).
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.
DKNG vs FLUT: side by side
| DKNG (DraftKings Inc.) | FLUT (Flutter Entertainment plc) | |
|---|---|---|
| 1-year return | -49.3% | -68.9% |
| 5-year return | -59.1% | -51.0% |
| Volatility (ann.) | 50.0% | 41.7% |
| Beta vs S&P 500 | 1.64 | 1.16 |
| Max drawdown (3Y) | -61.3% | -70.1% |
| Market cap | $12.0B | $16.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DKNG | FLUT |
|---|---|---|
| 2022 | -58.5% | -14.4% |
| 2023 | +209.5% | +32.8% |
| 2024 | +5.5% | +44.4% |
| 2025 | -7.4% | -16.8% |
| 2026 | -29.7% | -55.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DKNG and FLUT good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DKNG and FLUT?
As of 2026-08-27, the correlation of weekly returns between DKNG and FLUT is 0.61 over 3 years, 0.67 over 1 year and 0.51 over 5 years.
Is FLUT a good diversifier for DKNG?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dkng-vs-flut.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dkng-vs-flut/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DKNG correlations · FLUT correlations
