DPZ vs VNO: Correlation
Measured on weekly returns over the past three years, Domino's (DPZ) and Vornado Realty Trust (VNO) 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 VNO?
Across a 3-year window, the weekly returns of DPZ and VNO correlate at 0.40, moderate. The past 12 months show a weaker link (0.26) than the 3-year average (0.40). Stretching to 5 years gives 0.36, with an annualized covariance of 435.8 %².
By 3-year correlation, VNO places #15 of the 31 assets tracked against DPZ. Their recent paths diverged sharply: over the last 12 months VNO outperformed by 30.3 percentage points (-25.2% for DPZ against +5.1% for VNO).
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 VNO: side by side
| DPZ (Domino's) | VNO (Vornado Realty Trust) | |
|---|---|---|
| 1-year return | -25.2% | +5.1% |
| 5-year return | -31.2% | +8.4% |
| Volatility (ann.) | 27.8% | 39.1% |
| Beta vs S&P 500 | 0.67 | 1.34 |
| Max drawdown (3Y) | -45.1% | -43.9% |
| Market cap | $11.0B | $7.7B |
| P/E (trailing) | 19.5 | 1290.7 |
| Dividend yield | 2.17% | 1.90% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DPZ | VNO |
|---|---|---|
| 2022 | -37.9% | -46.7% |
| 2023 | +20.7% | +39.5% |
| 2024 | +3.2% | +51.3% |
| 2025 | +0.9% | -19.1% |
| 2026 | -19.4% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPZ and VNO 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 VNO?
As of 2026-08-27, the correlation of weekly returns between DPZ and VNO is 0.40 over 3 years, 0.26 over 1 year and 0.36 over 5 years.
Is VNO 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dpz-vs-vno.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dpz-vs-vno/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DPZ correlations · VNO correlations
