DPZ vs LAD: Correlation
How closely do Domino's (DPZ) and Lithia Motors, Inc. (LAD) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPZ and LAD?
Across a 3-year window, the weekly returns of DPZ and LAD correlate at 0.40, moderate. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. Stretching to 5 years gives 0.34, with an annualized covariance of 393.3 %².
By 3-year correlation, LAD places #11 of the 31 assets tracked against DPZ. The last year tells two different stories: LAD led by 35.2 percentage points, -25.2% for DPZ against +10.0% for LAD.
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 LAD: side by side
| DPZ (Domino's) | LAD (Lithia Motors, Inc.) | |
|---|---|---|
| 1-year return | -25.2% | +10.0% |
| 5-year return | -31.2% | +17.3% |
| Volatility (ann.) | 27.8% | 35.4% |
| Beta vs S&P 500 | 0.67 | 1.11 |
| Max drawdown (3Y) | -45.1% | -37.8% |
| Market cap | $11.0B | $8.2B |
| P/E (trailing) | 19.5 | 12.3 |
| Dividend yield | 2.17% | 0.64% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DPZ | LAD |
|---|---|---|
| 2022 | -37.9% | -30.6% |
| 2023 | +20.7% | +62.0% |
| 2024 | +3.2% | +9.3% |
| 2025 | +0.9% | -6.3% |
| 2026 | -19.4% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPZ and LAD good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DPZ and LAD?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.32 over the last year and 0.34 over 5 years.
Is LAD a good diversifier for DPZ?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dpz-vs-lad.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dpz-vs-lad/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DPZ correlations · LAD correlations
