DPZ vs FRPT: Correlation
Measured on weekly returns over the past three years, Domino's (DPZ) and Freshpet, Inc. (FRPT) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPZ and FRPT?
Across a 3-year window, the weekly returns of DPZ and FRPT correlate at 0.44, moderate. The past 12 months show a tighter link (0.56) than the 3-year average (0.44). Stretching to 5 years gives 0.32, with an annualized covariance of 564.4 %².
Few assets follow DPZ as closely as FRPT, which ranks #1 of 31 tracked partners. Correlation aside, the last 12 months split them widely, with FRPT ahead by 51.9 points (-25.2% versus +26.7%). Risk is not evenly split, since FRPT carries 1.7 times the volatility of the other side.
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.
DPZ vs FRPT: side by side
| DPZ (Domino's) | FRPT (Freshpet, Inc.) | |
|---|---|---|
| 1-year return | -25.2% | +26.7% |
| 5-year return | -31.2% | -42.7% |
| Volatility (ann.) | 27.8% | 45.9% |
| Beta vs S&P 500 | 0.67 | 1.15 |
| Max drawdown (3Y) | -45.1% | -70.9% |
| Market cap | $11.0B | $3.5B |
| P/E (trailing) | 19.5 | 19.4 |
| Dividend yield | 2.17% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DPZ | FRPT |
|---|---|---|
| 2022 | -37.9% | -44.6% |
| 2023 | +20.7% | +64.4% |
| 2024 | +3.2% | +70.7% |
| 2025 | +0.9% | -58.9% |
| 2026 | -19.4% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPZ and FRPT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DPZ and FRPT?
As of 2026-08-27, the correlation of weekly returns between DPZ and FRPT is 0.44 over 3 years, 0.56 over 1 year and 0.32 over 5 years.
Is FRPT a good diversifier for DPZ?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/dpz-vs-frpt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dpz-vs-frpt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DPZ correlations · FRPT correlations
