DKNG vs GENI: Correlation
DraftKings Inc. (DKNG) and Genius Sports Limited (GENI) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DKNG and GENI?
On 3 years of weekly data the DKNG/GENI correlation comes out at 0.43, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.43 over 3. The 5-year figure is 0.51, and annualized covariance runs at 1200.2 %².
Among the 12 assets we track against DKNG, GENI sits near the bottom by co-movement, at rank #9. On 12-month performance GENI holds a 11.4-point edge, -49.3% against -37.9%.
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 GENI: side by side
| DKNG (DraftKings Inc.) | GENI (Genius Sports Limited) | |
|---|---|---|
| 1-year return | -49.3% | -37.9% |
| 5-year return | -59.1% | -59.5% |
| Volatility (ann.) | 50.0% | 55.6% |
| Beta vs S&P 500 | 1.64 | 1.37 |
| Max drawdown (3Y) | -61.3% | -71.1% |
| Market cap | $12.0B | $2.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DKNG | GENI |
|---|---|---|
| 2022 | -58.5% | -53.0% |
| 2023 | +209.5% | +73.1% |
| 2024 | +5.5% | +40.0% |
| 2025 | -7.4% | +27.4% |
| 2026 | -29.7% | -27.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DKNG and GENI good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DKNG and GENI?
The DKNG/GENI correlation stands at 0.43 on a 3-year window (1 year: 0.45, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is GENI a good diversifier for DKNG?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 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/dkng-vs-geni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dkng-vs-geni/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DKNG correlations · GENI correlations
