DKNG vs RSI: Correlation
DraftKings Inc. (DKNG) and Rush Street Interactive, Inc. (RSI) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DKNG and RSI?
Across a 3-year window, the weekly returns of DKNG and RSI correlate at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Stretching to 5 years gives 0.56, with an annualized covariance of 1471.1 %².
Within DKNG's tracked universe of 12 assets, RSI comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RSI ahead by 69.5 points (-49.3% versus +20.2%).
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 RSI: side by side
| DKNG (DraftKings Inc.) | RSI (Rush Street Interactive, Inc.) | |
|---|---|---|
| 1-year return | -49.3% | +20.2% |
| 5-year return | -59.1% | +79.9% |
| Volatility (ann.) | 50.0% | 58.1% |
| Beta vs S&P 500 | 1.64 | 1.00 |
| Max drawdown (3Y) | -61.3% | -42.0% |
| Market cap | $12.0B | $6.4B |
| P/E (trailing) | – | 84.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DKNG | RSI |
|---|---|---|
| 2022 | -58.5% | -78.2% |
| 2023 | +209.5% | +25.1% |
| 2024 | +5.5% | +205.6% |
| 2025 | -7.4% | +41.6% |
| 2026 | -29.7% | +34.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DKNG and RSI good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DKNG and RSI?
As of 2026-08-27, the correlation of weekly returns between DKNG and RSI is 0.51 over 3 years, 0.45 over 1 year and 0.56 over 5 years.
Is RSI a good diversifier for DKNG?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 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.
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Hubs: DKNG correlations · RSI correlations
