DPZ vs USA: Correlation
Measured on weekly returns over the past three years, Domino's (DPZ) and Liberty All-Star Equity Fund (USA) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPZ and USA?
On 3 years of weekly data the DPZ/USA correlation comes out at 0.40, moderate. The link has loosened recently: the 1-year correlation (0.20) runs below the 3-year figure (0.40). The 5-year figure is 0.43, and annualized covariance runs at 170.5 %².
Among the 31 assets we track against DPZ, USA ranks #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months USA outperformed by 26.8 percentage points (-25.2% for DPZ against +1.6% for USA). Note the risk asymmetry: DPZ runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 USA: side by side
| DPZ (Domino's) | USA (Liberty All-Star Equity Fund) | |
|---|---|---|
| 1-year return | -25.2% | +1.6% |
| 5-year return | -31.2% | +18.1% |
| Volatility (ann.) | 27.8% | 15.2% |
| Beta vs S&P 500 | 0.67 | 0.89 |
| Max drawdown (3Y) | -45.1% | -17.7% |
| Market cap | $11.0B | – |
| P/E (trailing) | 19.5 | 10.7 |
| Dividend yield | 2.17% | 11.19% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DPZ | USA |
|---|---|---|
| 2022 | -37.9% | -25.2% |
| 2023 | +20.7% | +23.2% |
| 2024 | +3.2% | +20.8% |
| 2025 | +0.9% | +0.1% |
| 2026 | -19.4% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPZ and USA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DPZ and USA?
The DPZ/USA correlation stands at 0.40 on a 3-year window (1 year: 0.20, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is USA a good diversifier for DPZ?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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.
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Related comparisons
Hubs: DPZ correlations · USA correlations
