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Relative Intelligence · Online Delivery

How DoorDash (DASH) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on DASH alone. It places DASH (DoorDash, Inc.) against 15 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where DASH stands in the market, and of the alternatives worth a closer look.

Period covered: DASH's full trading record, from December 2020 through September 2026. The crash tests reach back to 2000 using older funds and the S&P 500. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against DASH →Chart DASH vs. 15 alternatives →
On this page12 sections

Key findings

How much would $10,000 in DASH have grown?

This chart tracks a hypothetical $10,000 investment in DASH over the past 5 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of DASH over the same span and DASH's popular alternatives, among those that traded for the entire period. It shows not only where each investment ended up but also how smooth or uneven the path was.

Note: DASH began trading on December 9, 2020, so the chart cannot reach back to the dot-com bust, the 2008 financial crisis or six other sell-offs. It covers the most recent 5 years of DASH's record, starting at the end of September 2021.

From the end of September 2021 to the end of September 2026. Hover over a fund in the key to pick out its line. 2,779 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of DASH; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$0$5,000$10,000$15,000$20,000$25,000202120222023202420252026$0$10,000$20,000$30,000202120222023202420252026
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
  • UBER$15,293+52.9% total · +8.9% a year
  • AMZN$15,169+51.7% total · +8.7% a year
  • YUM$12,260+22.6% total · +4.2% a year
  • MCD$10,761+7.6% total · +1.5% a year
  • MELI$10,293+2.9% total · +0.6% a year
  • SBUX$9,590−4.1% total · −0.8% a year
  • DASH$8,911−10.9% total · −2.3% a year
  • TOST$5,804−42.0% total · −10.3% a year
  • LYFT$2,801−72.0% total · −22.5% a year
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DASH at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

Note: DASH began trading on December 9, 2020, so every figure here, including its worst decline, covers only the time since then. None of them reflect the dot-com bust, the 2008 financial crisis or six other sell-offs.

The company

Market value
$83B
Industry
Internet Content & Information
Price history from
December 2020

Returns

Past 1 year
−27.8%total return
Past 3 years
+162%+37.9% a year
Past 5 years
−11.1%−2.3% a year
Best calendar year
+103%2023
Worst calendar year
−67.2%2022
Losing years
1 of 5full calendar years

Risk

Volatility
54.5%typical yearly swing, 5 years
Sharpe ratio
0.23return per unit of risk, 5 years
Worst decline ever
−82.5%Nov 2021 to Oct 2022
From its all-time high
−32.0%below the peak

DASH against the whole market

Where DASH ranks among every stock and fund, and what across the market has done better.

How does DASH rank among all stocks?

This section ranks DASH on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how DASH stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureDASHRankStanding
1-year return−27.8%2,808 of 3,287bottom 16%
3-year return+162%530 of 3,017top 18%
5-year return−11.1%1,888 of 2,893bottom 36%
Volatility, 5 years54.5%2,098 of 2,893bottom 28%
Sharpe ratio, 5 years0.231,769 of 2,893bottom 40%

What has beaten DASH on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). DASH sits where the dashed lines cross. Anything in the green box above and to the left earned more than DASH with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to DASH; faint dots are 93 more of the 2,341 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

−10.0%0.0%10.0%20.0%30.0%40.0%50.0%60.0%−20.0%0.0%20.0%40.0%60.0%80.0%100%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than DASHASML: +17.4% a year, volatility 43.4%MUFG: +33.2% a year, volatility 29.4%ANET: +49.0% a year, volatility 49.0%INSW: +56.5% a year, volatility 40.5%PANW: +31.9% a year, volatility 43.4%APH: +33.8% a year, volatility 32.2%STX: +57.4% a year, volatility 48.7%AMAT: +25.8% a year, volatility 47.4%WELL: +26.0% a year, volatility 23.8%SAN: +31.7% a year, volatility 33.9%BBVA: +38.7% a year, volatility 33.3%VLO: +44.2% a year, volatility 36.9%IBKR: +35.4% a year, volatility 35.4%MFG: +33.6% a year, volatility 30.6%SCCO: +32.0% a year, volatility 40.7%PSX: +33.2% a year, volatility 32.9%SMFG: +33.7% a year, volatility 29.4%ASX: +48.8% a year, volatility 43.0%BNY: +22.7% a year, volatility 24.4%CM: +19.2% a year, volatility 21.6%AEM: +29.5% a year, volatility 38.4%ING: +24.7% a year, volatility 31.1%MFC: +22.6% a year, volatility 24.0%FTNT: +20.7% a year, volatility 44.8%NEM: +18.6% a year, volatility 39.1%HPE: +32.9% a year, volatility 42.2%JCI: +17.4% a year, volatility 29.1%WAB: +25.6% a year, volatility 26.2%WPM: +27.5% a year, volatility 36.9%AU: +40.4% a year, volatility 49.9%BAP: +30.8% a year, volatility 30.3%KB: +25.3% a year, volatility 34.4%NWG: +27.7% a year, volatility 34.1%GRMN: +14.8% a year, volatility 31.6%KEYS: +13.9% a year, volatility 34.5%UMC: +19.9% a year, volatility 43.2%FLEX: +36.0% a year, volatility 48.2%NTAP: +20.9% a year, volatility 35.3%SBS: +39.1% a year, volatility 37.1%CIB: +32.9% a year, volatility 32.9%STT: +14.4% a year, volatility 29.9%GM: +6.9% a year, volatility 36.7%SHG: +21.0% a year, volatility 31.1%NVT: +35.4% a year, volatility 38.0%KGC: +32.7% a year, volatility 45.6%WSM: +24.5% a year, volatility 44.4%THC: +32.9% a year, volatility 45.1%USFD: +22.7% a year, volatility 29.8%COKE: +41.2% a year, volatility 38.0%UI: +14.4% a year, volatility 49.2%EXPE: +13.2% a year, volatility 46.5%FFIV: +17.1% a year, volatility 30.8%WF: +26.3% a year, volatility 31.6%MOG-A: +36.6% a year, volatility 32.0%SNX: +20.3% a year, volatility 30.4%FRO: +52.6% a year, volatility 49.7%NTRS: +8.9% a year, volatility 29.3%EXEL: +24.4% a year, volatility 35.8%EWY: +16.2% a year, volatility 34.0%HALO: +26.6% a year, volatility 40.4%MPC: +51.2% a year, volatility 33.4%IDCC: +39.0% a year, volatility 36.9%JXN: +41.7% a year, volatility 43.3%PAAS: +13.6% a year, volatility 48.9%EWBC: +11.2% a year, volatility 35.5%LAUR: +37.5% a year, volatility 32.8%SGOV: +3.8% a year, volatility 0.3%BPOP: +17.7% a year, volatility 29.7%VCTR: +28.1% a year, volatility 35.0%BWLP: +60.3% a year, volatility 50.9%LTH: +19.0% a year, volatility 46.6%MATX: +24.9% a year, volatility 39.4%NHC: +32.0% a year, volatility 28.5%OR: +24.4% a year, volatility 36.7%LGND: +30.2% a year, volatility 44.2%FLTW: +21.8% a year, volatility 24.3%QTUM: +22.8% a year, volatility 28.1%IFS: +20.8% a year, volatility 31.1%DHT: +38.7% a year, volatility 39.0%VIRT: +20.8% a year, volatility 33.8%CVSA: +28.9% a year, volatility 43.3%MCY: +17.0% a year, volatility 34.3%CGAU: +26.3% a year, volatility 47.6%OPLN: +19.9% a year, volatility 39.6%DXPE: +39.0% a year, volatility 46.1%OUT: +11.0% a year, volatility 38.7%SOXQ: +28.3% a year, volatility 38.9%SIL: +16.8% a year, volatility 40.9%DCO: +27.5% a year, volatility 34.5%DGII: +28.0% a year, volatility 42.4%EZPW: +33.2% a year, volatility 35.4%PBR-A: +51.8% a year, volatility 37.5%BHE: +24.9% a year, volatility 37.3%DASH: −2.3% a year, volatility 54.5%SPY (S&P 500): +12.7% a year, volatility 17.1%AMZN: +9.0% a year, volatility 36.6%UBER: +8.4% a year, volatility 44.8%YUM: +5.8% a year, volatility 21.2%MCD: +2.9% a year, volatility 17.9%MELI: +3.2% a year, volatility 49.5%SBUX: −0.4% a year, volatility 31.9%EBAY: +11.7% a year, volatility 32.9%CAKE: +25.8% a year, volatility 39.9%EAT: +34.6% a year, volatility 48.8%DRI: +12.4% a year, volatility 27.2%QSR: +8.0% a year, volatility 23.1%TXRH: +15.9% a year, volatility 30.4%RY: +17.3% a year, volatility 18.2%CAH: +42.1% a year, volatility 24.7%TSM: +31.5% a year, volatility 38.5%HSBC: +33.1% a year, volatility 25.9%SMH: +33.4% a year, volatility 36.9%NVDA: +58.0% a year, volatility 51.9%GDX: +22.9% a year, volatility 38.2%CRM: −3.2% a year, volatility 39.4%FIX: +77.0% a year, volatility 46.7%DASHSPY (S&P 500)AMZNUBERYUMMCDMELISBUXEBAYCAKEEATDRIRYCAHTSMHSBCSMHNVDAGDXCRMFIX−20.0%0.0%20.0%40.0%60.0%−20.0%0.0%20.0%40.0%60.0%80.0%100%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than DASHASML: +17.4% a year, volatility 43.4%MUFG: +33.2% a year, volatility 29.4%ANET: +49.0% a year, volatility 49.0%INSW: +56.5% a year, volatility 40.5%PANW: +31.9% a year, volatility 43.4%APH: +33.8% a year, volatility 32.2%STX: +57.4% a year, volatility 48.7%AMAT: +25.8% a year, volatility 47.4%WELL: +26.0% a year, volatility 23.8%SAN: +31.7% a year, volatility 33.9%BBVA: +38.7% a year, volatility 33.3%VLO: +44.2% a year, volatility 36.9%IBKR: +35.4% a year, volatility 35.4%MFG: +33.6% a year, volatility 30.6%SCCO: +32.0% a year, volatility 40.7%PSX: +33.2% a year, volatility 32.9%SMFG: +33.7% a year, volatility 29.4%ASX: +48.8% a year, volatility 43.0%BNY: +22.7% a year, volatility 24.4%CM: +19.2% a year, volatility 21.6%AEM: +29.5% a year, volatility 38.4%ING: +24.7% a year, volatility 31.1%MFC: +22.6% a year, volatility 24.0%FTNT: +20.7% a year, volatility 44.8%NEM: +18.6% a year, volatility 39.1%HPE: +32.9% a year, volatility 42.2%JCI: +17.4% a year, volatility 29.1%WAB: +25.6% a year, volatility 26.2%WPM: +27.5% a year, volatility 36.9%AU: +40.4% a year, volatility 49.9%BAP: +30.8% a year, volatility 30.3%KB: +25.3% a year, volatility 34.4%NWG: +27.7% a year, volatility 34.1%GRMN: +14.8% a year, volatility 31.6%KEYS: +13.9% a year, volatility 34.5%UMC: +19.9% a year, volatility 43.2%FLEX: +36.0% a year, volatility 48.2%NTAP: +20.9% a year, volatility 35.3%SBS: +39.1% a year, volatility 37.1%CIB: +32.9% a year, volatility 32.9%STT: +14.4% a year, volatility 29.9%GM: +6.9% a year, volatility 36.7%SHG: +21.0% a year, volatility 31.1%NVT: +35.4% a year, volatility 38.0%KGC: +32.7% a year, volatility 45.6%WSM: +24.5% a year, volatility 44.4%THC: +32.9% a year, volatility 45.1%USFD: +22.7% a year, volatility 29.8%COKE: +41.2% a year, volatility 38.0%UI: +14.4% a year, volatility 49.2%EXPE: +13.2% a year, volatility 46.5%FFIV: +17.1% a year, volatility 30.8%WF: +26.3% a year, volatility 31.6%MOG-A: +36.6% a year, volatility 32.0%SNX: +20.3% a year, volatility 30.4%FRO: +52.6% a year, volatility 49.7%NTRS: +8.9% a year, volatility 29.3%EXEL: +24.4% a year, volatility 35.8%EWY: +16.2% a year, volatility 34.0%HALO: +26.6% a year, volatility 40.4%MPC: +51.2% a year, volatility 33.4%IDCC: +39.0% a year, volatility 36.9%JXN: +41.7% a year, volatility 43.3%PAAS: +13.6% a year, volatility 48.9%EWBC: +11.2% a year, volatility 35.5%LAUR: +37.5% a year, volatility 32.8%SGOV: +3.8% a year, volatility 0.3%BPOP: +17.7% a year, volatility 29.7%VCTR: +28.1% a year, volatility 35.0%BWLP: +60.3% a year, volatility 50.9%LTH: +19.0% a year, volatility 46.6%MATX: +24.9% a year, volatility 39.4%NHC: +32.0% a year, volatility 28.5%OR: +24.4% a year, volatility 36.7%LGND: +30.2% a year, volatility 44.2%FLTW: +21.8% a year, volatility 24.3%QTUM: +22.8% a year, volatility 28.1%IFS: +20.8% a year, volatility 31.1%DHT: +38.7% a year, volatility 39.0%VIRT: +20.8% a year, volatility 33.8%CVSA: +28.9% a year, volatility 43.3%MCY: +17.0% a year, volatility 34.3%CGAU: +26.3% a year, volatility 47.6%OPLN: +19.9% a year, volatility 39.6%DXPE: +39.0% a year, volatility 46.1%OUT: +11.0% a year, volatility 38.7%SOXQ: +28.3% a year, volatility 38.9%SIL: +16.8% a year, volatility 40.9%DCO: +27.5% a year, volatility 34.5%DGII: +28.0% a year, volatility 42.4%EZPW: +33.2% a year, volatility 35.4%PBR-A: +51.8% a year, volatility 37.5%BHE: +24.9% a year, volatility 37.3%DASH: −2.3% a year, volatility 54.5%SPY (S&P 500): +12.7% a year, volatility 17.1%AMZN: +9.0% a year, volatility 36.6%UBER: +8.4% a year, volatility 44.8%YUM: +5.8% a year, volatility 21.2%MCD: +2.9% a year, volatility 17.9%MELI: +3.2% a year, volatility 49.5%SBUX: −0.4% a year, volatility 31.9%EBAY: +11.7% a year, volatility 32.9%CAKE: +25.8% a year, volatility 39.9%EAT: +34.6% a year, volatility 48.8%DRI: +12.4% a year, volatility 27.2%QSR: +8.0% a year, volatility 23.1%TXRH: +15.9% a year, volatility 30.4%RY: +17.3% a year, volatility 18.2%CAH: +42.1% a year, volatility 24.7%TSM: +31.5% a year, volatility 38.5%HSBC: +33.1% a year, volatility 25.9%SMH: +33.4% a year, volatility 36.9%NVDA: +58.0% a year, volatility 51.9%GDX: +22.9% a year, volatility 38.2%CRM: −3.2% a year, volatility 39.4%FIX: +77.0% a year, volatility 46.7%DASHSPY (S&P 500)UBERYUMMCDSBUXCAKEEATRYCAHTSMHSBCNVDAGDXFIX
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than DASH?

Investments that beat DASH over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat DASH over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks DASH's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than DASH follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than DASH's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× DASH's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than DASH's.

Screen the whole market against DASH for any period in BetterThanSPYOpen these 21 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years5Y returntotalCorr. with DASH?lower diversifies moreExpenseper year
DASHDoorDash, Inc. · this page
−2.3%54.5%0.23−82.5%−11.1%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+81.7%0.610.09%
Popular alternativesbest 6 shownThe investments people most often weigh against DASH. 6 of 14 passed at least one test.
AMZNAmazon.com, Inc. · E-Commerce
Higher return, lower volatilityHigher Sharpe, smaller worst decline+9.0%36.6%0.42−56.1%+53.8%0.51—
UBERUber Technologies, Inc. · Passenger Transportation
Higher return, lower volatilityHigher Sharpe, smaller worst decline+8.4%44.8%0.40−68.0%+49.9%0.58—
YUMYum! Brands, Inc. · Restaurants
Higher return, lower volatilityHigher Sharpe, smaller worst decline+5.8%21.2%0.37−52.2%+32.5%0.29—
MCDMcDonald's Corporation · Restaurants
Higher return, lower volatility+2.9%17.9%0.25−36.9%+15.5%0.15—
MELIMercadoLibre, Inc. · E-Commerce
Higher return, lower volatility+3.2%49.5%0.31−69.1%+17.2%0.46—
SBUXStarbucks Corporation · Restaurants
Higher return, lower volatility−0.4%31.9%0.15−43.7%−1.7%0.49—
Same and neighboring categories, and shared themesbest 6 shownEverything else in Online Delivery and the categories next to it (E-Commerce, Restaurants, Passenger Transportation), plus DASH's specific themes. 7 of 12 passed at least one test.
EBAYeBay Inc. · E-Commerce
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+11.7%32.9%0.50−53.6%+74.2%0.48—
CAKEThe Cheesecake Factory Incorporated · Restaurants
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+25.8%39.9%0.78−75.6%+216%0.37—
EATBrinker International, Inc. · Restaurants
Higher return, lower volatilityHigher return in most periods+34.6%48.8%0.86−84.9%+342%0.21—
DRIDarden Restaurants, Inc. · Restaurants
Higher return, lower volatilityHigher Sharpe, smaller worst decline+12.4%27.2%0.57−72.8%+79.7%0.36—
QSRRestaurant Brands International Inc. · Restaurants
Higher return, lower volatilityHigher Sharpe, smaller worst decline+8.0%23.1%0.45−63.0%+46.8%0.27—
TXRHTexas Roadhouse, Inc. · Restaurants
Higher return, lower volatilityHigher Sharpe, smaller worst decline+15.9%30.4%0.64−58.0%+109%0.27—
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 2,644 of 3,607 passed at least one test.
RYRoyal Bank of Canada · Banks
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+17.3%18.2%0.97−40.0%+122%0.37—
CAHCardinal Health, Inc. · Health Care Distribution
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+42.1%24.7%1.55−46.1%+479%0.20—
TSMTaiwan Semiconductor Manufacturing Company Limited · Semiconductors
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+31.5%38.5%0.91−56.6%+293%0.53—
HSBCHSBC Holdings plc · Banks
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+33.1%25.9%1.24−62.3%+318%0.29—
SMHVanEck Semiconductor ETF · Semiconductors
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+33.4%36.9%0.97−45.3%+323%0.520.35%
NVDANVIDIA Corporation · Semiconductors
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+58.0%51.9%1.14−66.3%+884%0.58—
GDXVanEck Gold Miners ETF · Gold Mining
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+22.9%38.2%0.73−49.8%+181%0.300.51%
CRMSalesforce, Inc. · Enterprise Software
Similar return, lower volatility−3.2%39.4%0.12−58.7%−14.8%0.55—
What these numbers mean for DASH
Annual return
DASH lost 2.3% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $8,890. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
DASH's volatility over the past 5 years was 54.5%, 3.2 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, DASH's return lands within 54.5% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
DASH's Sharpe ratio over the past 5 years was 0.23, against 0.79 for the S&P 500, so DASH earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
DASH's worst fall from a peak to a low over the past 10 years was 82.5%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 82.5% fall takes a 471% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, DASH's monthly returns had a correlation of 0.61 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against DASH instead: the lower it is, the more that option would diversify a DASH holding. Guide: Correlation and diversification →
Show all 2,341 stocks and funds worth at least $500 million that earned more than DASH with less volatility

Out of 3,633 tested over 5 years. The strongest 100 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline5Y returnCorr. with DASHExpense
1
RYRoyal Bank of Canada · Banks
Whole market+17.3%18.2%0.97−40.0%+122%0.37—
2
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+42.1%24.7%1.55−46.1%+479%0.20—
3
TSMTaiwan Semiconductor Manufacturing Company Limited · Semiconductors
Whole market+31.5%38.5%0.91−56.6%+293%0.53—
4
HSBCHSBC Holdings plc · Banks
Whole market+33.1%25.9%1.24−62.3%+318%0.29—
5
ASMLASML Holding N.V. · Semiconductor Equipment
Whole market+17.4%43.4%0.59−56.9%+123%0.43—
6
MUFGMitsubishi UFJ Financial Group, Inc. · Banks
Whole market+33.2%29.4%1.13−54.9%+319%0.23—
7
ANETArista Networks, Inc. · Communications Equipment
Whole market+49.0%49.0%1.06−52.2%+634%0.38—
8
INSWInternational Seaways, Inc. · Oil & Gas
Whole market+56.5%40.5%1.31−57.4%+839%-0.26—
9
PANWPalo Alto Networks, Inc. · Cybersecurity
Whole market+31.9%43.4%0.86−48.0%+299%0.29—
10
APHAmphenol Corporation · Electronic Components
Whole market+33.8%32.2%1.07−37.5%+329%0.43—
11
STXSeagate Technology Holdings plc · Computer Hardware
Whole market+57.4%48.7%1.18−57.0%+866%0.27—
12
AMATApplied Materials, Inc. · Semiconductor Equipment
Whole market+25.8%47.4%0.72−55.1%+215%0.36—
13
WELLWelltower Inc. · Healthcare REITs
Whole market+26.0%23.8%1.09−63.3%+217%0.42—
14
SANBanco Santander, S.A. · Banks
Whole market+31.7%33.9%0.99−73.8%+295%0.38—
15
BBVABanco Bilbao Vizcaya Argentaria, S.A. · Banks
Whole market+38.7%33.3%1.16−69.6%+413%0.31—
16
VLOValero Energy Corporation · Oil & Gas
Whole market+44.2%36.9%1.18−71.9%+524%0.08—
17
IBKRInteractive Brokers Group, Inc. · Investment Banking & Brokerage
Whole market+35.4%35.4%1.04−55.1%+355%0.40—
18
MFGMizuho Financial Group, Inc. · Banks
Whole market+33.6%30.6%1.10−45.7%+326%0.26—
19
SCCOSouthern Copper Corporation · Metals & Mining
Whole market+32.0%40.7%0.89−55.3%+301%0.37—
20
PSXPhillips 66 · Oil & Gas
Whole market+33.2%32.9%1.04−64.2%+319%0.08—
21
SMFGSumitomo Mitsui Financial Group, Inc. · Banks
Whole market+33.7%29.4%1.14−47.6%+327%0.18—
22
ASXASE Technology Holding Co., Ltd. · Semiconductors
Whole market+48.8%43.0%1.15−52.5%+631%0.34—
23
BNYBank of New York Mellon Corp · Banks
Whole market+22.7%24.4%0.97−50.5%+179%0.46—
24
CMCanadian Imperial Bank of Commerce · Banks
Whole market+19.2%21.6%0.93−47.3%+141%0.44—
25
AEMAgnico Eagle Mines Limited · Gold Mining
Whole market+29.5%38.4%0.87−54.2%+264%0.27—
26
INGING Groep N.V. · Banks
Whole market+24.7%31.1%0.87−74.4%+201%0.27—
27
MFCManulife Financial Corporation · Life Insurance
Whole market+22.6%24.0%0.97−57.5%+177%0.38—
28
FTNTFortinet, Inc. · Cybersecurity
Whole market+20.7%44.8%0.65−38.3%+156%0.25—
29
NEMNewmont Corporation · Gold Mining
Whole market+18.6%39.1%0.63−62.4%+135%0.22—
30
SMHVanEck Semiconductor ETF · Semiconductors
Whole market+33.4%36.9%0.97−45.3%+323%0.520.35%
31
HPEHewlett Packard Enterprise Company · Computer Hardware
Whole market+32.9%42.2%0.89−56.9%+315%0.28—
32
JCIJohnson Controls International plc · Building Products
Whole market+17.4%29.1%0.70−46.4%+123%0.39—
33
WABWestinghouse Air Brake Technologies Corporation · Industrial Machinery
Whole market+25.6%26.2%1.00−64.1%+212%0.41—
34
WPMWheaton Precious Metals Corp. · Metals & Mining
Whole market+27.5%36.9%0.85−46.7%+236%0.29—
35
AUAngloGold Ashanti Plc · Gold Mining
Whole market+40.4%49.9%0.93−66.3%+445%0.27—
36
BAPCredicorp Ltd. · Banks
Whole market+30.8%30.3%1.04−59.2%+283%0.26—
37
KBKB Financial Group Inc. · Banks
Whole market+25.3%34.4%0.83−64.1%+209%0.38—
38
NWGNatWest Group plc · Banks
Whole market+27.7%34.1%0.89−67.4%+239%0.39—
39
GRMNGarmin Ltd. · Computer Hardware
Whole market+14.8%31.6%0.59−54.6%+99.1%0.43—
40
KEYSKeysight Technologies, Inc. · Electronic Equipment
Whole market+13.9%34.5%0.55−42.6%+91.9%0.24—
41
UMCUnited Microelectronics Corporation · Semiconductors
Whole market+19.9%43.2%0.63−54.3%+147%0.23—
42
FLEXFlex Ltd. · Electronics Manufacturing
Whole market+36.0%48.2%0.88−70.0%+365%0.25—
43
NTAPNetApp, Inc. · Computer Hardware
Whole market+20.9%35.3%0.71−58.1%+159%0.22—
44
SBSCompanhia de Saneamento Básico do Estado de São Paulo - SABESP · Water Utilities
Whole market+39.1%37.1%1.08−62.0%+420%0.15—
45
CIBGrupo Cibest S.A. · Banks
Whole market+32.9%32.9%1.03−70.4%+314%0.29—
46
STTState Street Corporation · Banks
Whole market+14.4%29.9%0.60−59.6%+96.2%0.45—
47
GMGeneral Motors Company · Automobiles
Whole market+6.9%36.7%0.36−59.9%+39.5%0.41—
48
SHGShinhan Financial Group Co., Ltd. · Banks
Whole market+21.0%31.1%0.77−64.1%+160%0.36—
49
NVTnVent Electric plc · Electrical Equipment
Whole market+35.4%38.0%0.99−56.2%+356%0.25—
50
KGCKinross Gold Corporation · Gold Mining
Whole market+32.7%45.6%0.85−67.9%+311%0.26—
51
WSMWilliams-Sonoma, Inc. · Specialty Retail
Whole market+24.5%44.4%0.71−59.7%+199%0.43—
52
THCTenet Healthcare Corporation · Health Care Facilities
Whole market+32.9%45.1%0.86−71.7%+315%0.31—
53
GDXVanEck Gold Miners ETF · Gold Mining
Whole market+22.9%38.2%0.73−49.8%+181%0.300.51%
54
USFDUS Foods Holding Corp. · Food Distribution
Whole market+22.7%29.8%0.84−77.3%+178%0.41—
55
COKECoca-Cola Consolidated, Inc. · Food & Beverages
Whole market+41.2%38.0%1.10−51.7%+461%-0.04—
56
UIUbiquiti Inc. · Communications Equipment
Whole market+14.4%49.2%0.52−72.2%+95.9%0.16—
57
EXPEExpedia Group, Inc. · Travel Services
Whole market+13.2%46.5%0.50−70.5%+86.3%0.52—
58
FFIVF5, Inc. · Cybersecurity
Whole market+17.1%30.8%0.67−54.6%+120%0.49—
59
WFWoori Financial Group Inc. · Banks
Whole market+26.3%31.6%0.90−67.2%+221%0.39—
60
MOG-AMoog Inc. · Aerospace & Defense
Whole market+36.6%32.0%1.14−63.7%+375%0.16—
61
SNXTD Synnex Corp · Technology Distribution
Whole market+20.3%30.4%0.76−55.8%+152%0.38—
62
FROFrontline Plc · Oil & Gas
Whole market+52.6%49.7%1.10−52.0%+726%-0.08—
63
NTRSNorthern Trust Corporation · Banks
Whole market+8.9%29.3%0.44−50.0%+52.9%0.60—
64
EXELExelixis, Inc. · Biotechnology
Whole market+24.4%35.8%0.79−57.2%+198%0.26—
65
EWYiShares MSCI South Korea ETF · International Equity
Whole market+16.2%34.0%0.61−49.7%+112%0.370.59%
66
HALOHalozyme Therapeutics, Inc. · Biotechnology
Whole market+26.6%40.4%0.79−49.1%+226%0.22—
67
MPCMarathon Petroleum Corporation · Oil & Gas
Whole market+51.2%33.4%1.41−79.7%+690%0.11—
68
IDCCInterDigital, Inc. · Intellectual Property Licensing
Whole market+39.0%36.9%1.08−64.9%+419%0.42—
69
JXNJackson Financial Inc. · Life Insurance
Whole market+41.7%43.3%1.03−48.4%+472%0.23—
70
PAASPan American Silver Corp. · Metals & Mining
Whole market+13.6%48.9%0.51−66.7%+89.0%0.18—
71
EWBCEast West Bancorp, Inc. · Regional Banks
Whole market+11.2%35.5%0.48−67.7%+70.1%0.33—
72
LAURLaureate Education, Inc. · Education Services
Whole market+37.5%32.8%1.14−64.5%+391%0.01—
73
SGOViShares 0-3 Month Treasury Bond ETF · Treasury Bonds
Whole market+3.8%0.3%13.25−0.3%+20.3%0.450.09%
74
BPOPPopular, Inc. · Regional Banks
Whole market+17.7%29.7%0.70−59.0%+126%0.28—
75
VCTRVictory Capital Holdings, Inc. · Asset Management
Whole market+28.1%35.0%0.89−45.2%+245%0.33—
76
BWLPBW LPG Limited · Marine Shipping
Whole market+60.3%50.9%1.19−68.8%+958%0.04—
77
LTHLife Time Group Holdings, Inc. · Leisure Facilities
Whole market+19.0%46.6%0.61−58.4%+139%——
78
MATXMatson, Inc. · Freight & Logistics
Whole market+24.9%39.4%0.76−53.6%+204%0.21—
79
NHCNational HealthCare Corporation · Medical - Care Facilities
Whole market+32.0%28.5%1.12−35.3%+301%0.11—
80
OROR Royalties Inc. · Gold Mining
Whole market+24.4%36.7%0.78−61.9%+198%0.33—
81
LGNDLigand Pharmaceuticals Incorporated · Biotechnology
Whole market+30.2%44.2%0.82−76.9%+274%0.38—
82
FLTWFranklin FTSE Taiwan ETF · Technology
Whole market+21.8%24.3%0.94−38.0%+168%0.480.19%
83
QTUMDefiance Quantum ETF · Technology
Whole market+22.8%28.1%0.87−38.5%+179%0.530.40%
84
IFSIntercorp Financial Services Inc. · Regional Banks
Whole market+20.8%31.1%0.77−56.9%+158%0.17—
85
DHTDHT Holdings, Inc. · Marine Shipping
Whole market+38.7%39.0%1.04−39.7%+413%-0.08—
86
EBAYeBay Inc. · E-Commerce
Same or nearby category+11.7%32.9%0.50−53.6%+74.2%0.48—
87
VIRTVirtu Financial, Inc. · Capital Markets
Whole market+20.8%33.8%0.73−56.2%+158%0.26—
88
CVSACovista Inc. · Education Services
Whole market+28.9%43.3%0.81−66.1%+257%0.21—
89
MCYMercury General Corporation · Property & Casualty Insurance
Whole market+17.0%34.3%0.63−55.3%+119%0.40—
90
CGAUCenterra Gold Inc. · Gold Mining
Whole market+26.3%47.6%0.73−72.2%+222%0.22—
91
OPLNOPENLANE, Inc. · Auto Auctions
Whole market+19.9%39.6%0.65−64.5%+148%0.31—
92
DXPEDXP Enterprises, Inc. · Industrial - Distribution
Whole market+39.0%46.1%0.95−77.3%+419%0.28—
93
OUTOutfront Media Inc. · Specialty REITs
Whole market+11.0%38.7%0.46−73.8%+68.6%0.32—
94
SOXQInvesco PHLX Semiconductor ETF · Technology
Whole market+28.3%38.9%0.84−46.0%+248%0.480.19%
95
SILGlobal X - Silver Miners ETF · Metals & Mining
Whole market+16.8%40.9%0.59−56.8%+118%0.290.65%
96
DCODucommun Incorporated · Aerospace & Defense
Whole market+27.5%34.5%0.88−70.8%+236%0.28—
97
DGIIDigi International Inc. · Communication Equipment
Whole market+28.0%42.4%0.79−65.7%+243%0.25—
98
EZPWEZCORP, Inc. · Financial - Credit Services
Whole market+33.2%35.4%0.99−76.6%+320%0.24—
99
PBR-APetróleo Brasileiro S.A. - Petrobras · Integrated Oil & Gas
Whole market+51.8%37.5%1.31−71.7%+705%0.02—
100
BHEBenchmark Electronics, Inc. · Hardware, Equipment & Parts
Whole market+24.9%37.3%0.78−60.3%+204%0.03—

DASH against its popular alternatives

The investments people most often weigh against DASH, compared period by period and year by year.

How do DASH's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at DASH, which divides the map into what did better or worse on each measure.

Green points earned more than DASH with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

10.0%20.0%30.0%40.0%50.0%60.0%70.0%−30.0%−25.0%−20.0%−15.0%−10.0%−5.0%0.0%5.0%10.0%15.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityDASH: −2.3% a year, volatility 54.5%SPY (S&P 500): 12.7% a year, volatility 17.1%AMZN: 9.0% a year, volatility 36.6%YUM: 5.8% a year, volatility 21.2%MELI: 3.2% a year, volatility 49.5%SBUX: −0.4% a year, volatility 31.9%MCD: 2.9% a year, volatility 17.9%UBER: 8.4% a year, volatility 44.8%TOST: −8.5% a year, volatility 59.9%LYFT: −19.0% a year, volatility 67.4%PDD: −3.9% a year, volatility 66.0%SE: −25.9% a year, volatility 64.6%DPZ: −5.8% a year, volatility 30.2%JD: −18.6% a year, volatility 52.6%BABA: −8.2% a year, volatility 51.3%CPNG: −13.1% a year, volatility 52.0%DASHSPY (S&P 500)AMZNYUMMELISBUXMCDUBERTOSTLYFTPDDSEDPZJDBABACPNG0.0%20.0%40.0%60.0%80.0%−30.0%−20.0%−10.0%0.0%10.0%20.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityDASH: −2.3% a year, volatility 54.5%SPY (S&P 500): 12.7% a year, volatility 17.1%AMZN: 9.0% a year, volatility 36.6%YUM: 5.8% a year, volatility 21.2%MELI: 3.2% a year, volatility 49.5%SBUX: −0.4% a year, volatility 31.9%MCD: 2.9% a year, volatility 17.9%UBER: 8.4% a year, volatility 44.8%TOST: −8.5% a year, volatility 59.9%LYFT: −19.0% a year, volatility 67.4%PDD: −3.9% a year, volatility 66.0%SE: −25.9% a year, volatility 64.6%DPZ: −5.8% a year, volatility 30.2%JD: −18.6% a year, volatility 52.6%BABA: −8.2% a year, volatility 51.3%CPNG: −13.1% a year, volatility 52.0%DASHSPY (S&P 500)AMZNYUMMELISBUXMCDUBERTOSTLYFTPDDSEDPZJDBABACPNG
All figures
InvestmentAnnual returnVolatility
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
AMZN Amazon.com, Inc.+9.0%36.6%
UBER Uber Technologies, Inc.+8.4%44.8%
YUM Yum! Brands, Inc.+5.8%21.2%
MELI MercadoLibre, Inc.+3.2%49.5%
MCD McDonald's Corporation+2.9%17.9%
SBUX Starbucks Corporation−0.4%31.9%
DASH This pageDoorDash, Inc.−2.3%54.5%
PDD PDD Holdings Inc.−3.9%66.0%
DPZ Domino's Pizza, Inc.−5.8%30.2%
BABA Alibaba Group Holding Limited−8.2%51.3%
TOST Toast, Inc.−8.5%59.9%
CPNG Coupang, Inc.−13.1%52.0%
JD JD.com, Inc.−18.6%52.6%
LYFT Lyft, Inc.−19.0%67.4%
SE Sea Limited−25.9%64.6%
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Has DASH consistently beaten its popular alternatives?

This section compares DASH with the investments people most often weigh against it, checking each one over seven periods from one month to five years. Counting how often an alternative earned more than DASH helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than DASH over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 2 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
DASH DoorDash, Inc. (this page)—−1.1%+1.4%+1.0%−12.8%−27.8%+162%−11.1%54.5%0.23−82.5%—$83B—
AMZN Specialty RetailAmazon.com, Inc.5/5 short1/2 long+1.6%+5.1%+5.8%+16.0%+21.3%+110%+53.8%36.6%0.42−56.1%—$2.8T—
YUM RestaurantsYum! Brands, Inc.4/5 short1/2 long+8.8%+3.4%−5.4%+2.2%+4.3%+34.0%+32.5%21.2%0.37−52.2%—$41B—
MELI Specialty RetailMercadoLibre, Inc.4/5 short1/2 long+3.2%+2.6%+0.5%−4.8%−10.6%+60.7%+17.2%49.5%0.31−69.1%—$95B—
SBUX RestaurantsStarbucks Corporation4/5 short1/2 long+4.7%−4.6%+1.6%+20.5%+20.6%+13.8%−1.7%31.9%0.15−43.7%—$113B—
MCD RestaurantsMcDonald's Corporation2/5 short1/2 long−0.5%−7.2%−18.6%−17.1%−17.8%+2.7%+15.5%17.9%0.25−36.9%—$174B—
UBER Software - ApplicationUber Technologies, Inc.1/5 short1/2 long−2.7%−4.5%−11.0%−16.8%−26.4%+60.5%+49.9%44.8%0.40−68.0%—$141B—
TOST Software - InfrastructureToast, Inc.5/5 short0/2 long+9.6%+5.8%+11.9%−4.0%−13.3%+85.7%−35.9%59.9%0.15−80.6%—$17B—
CART Software - ServicesMaplebear Inc.5/5 short0/2 long+11.4%+8.6%+15.3%+15.6%+30.3%+104%———−38.0%—$12B—
LYFT Software - ApplicationLyft, Inc.4/5 short0/2 long+13.0%+11.8%+19.6%−12.8%−14.6%+70.8%−65.1%67.4%0.03−89.8%—$6.5B—
DPZ RestaurantsDomino's Pizza, Inc.2/5 short0/2 long+6.9%−3.3%−13.3%−24.3%−23.6%−4.4%−25.7%30.2%-0.05−47.8%—$10B—
JD Specialty RetailJD.com, Inc.2/5 short0/2 long−1.9%−12.5%−14.7%−6.2%−18.0%+20.2%−64.3%52.6%-0.14−79.1%—$36B—
PDD Specialty RetailPDD Holdings Inc.1/5 short0/2 long+2.9%−5.1%−21.7%−29.5%−38.0%−20.6%−17.9%66.0%0.26−87.4%—$116B—
BABA Specialty RetailAlibaba Group Holding Limited0/5 short0/2 long−6.1%−9.7%−21.7%−29.6%−36.8%+44.5%−34.8%51.3%0.08−80.1%—$270B—
CPNG Specialty RetailCoupang, Inc.0/5 short0/2 long−2.1%−12.9%−33.4%−38.7%−54.8%−18.9%−50.3%52.0%-0.01−81.5%—$26B—
SE Specialty RetailSea Limited0/5 short0/2 long−21.6%−23.9%−10.0%−38.8%−51.5%+80.3%−77.7%64.6%-0.14−90.5%—$49B—
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How did DASH do year by year?

This table shows each investment's total return in every full calendar year since 2021, along with where DASH ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with DASH and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Note: DASH began trading on December 9, 2020, so the table starts with 2021, its first full calendar year, and cannot show how it fared during the dot-com bust, the 2008 financial crisis or six other sell-offs.

Newest year first. Green marks a year in which the fund came out ahead of DASH; gray means the two finished within a fraction of a point. The rank row places DASH among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of DASH20252024202320222021
DASH This pageDoorDash, Inc.—+35.0%+69.6%+103%−67.2%+4.3%
Rank among alternativesTop quarter in 3 of 54 of 164 of 162 of 1513 of 156 of 13
SPY S&P 500State Street SPDR S&P 500 ETF2 of 5+17.7%+24.9%+26.2%−18.2%+28.7%
AMZN Amazon.com, Inc.1 of 5+5.2%+44.4%+80.9%−49.6%+2.4%
YUM Yum! Brands, Inc.2 of 5+14.9%+4.7%+3.9%−6.0%+30.1%
MELI MercadoLibre, Inc.1 of 5+18.4%+8.2%+85.7%−37.2%−19.5%
SBUX Starbucks Corporation2 of 5−5.3%−2.5%−1.2%−13.2%+11.1%
MCD McDonald's Corporation2 of 5+7.9%+0.1%+15.1%+0.5%+27.8%
UBER Uber Technologies, Inc.2 of 5+35.5%−2.0%+149%−41.0%−17.8%
TOST Toast, Inc.2 of 4−2.6%+99.6%+1.3%−48.0%—
CART Maplebear Inc.1 of 2+8.6%+76.5%———
LYFT Lyft, Inc.1 of 5+50.2%−13.9%+36.0%−74.2%−13.0%
DPZ Domino's Pizza, Inc.2 of 5+0.9%+3.2%+20.7%−37.9%+48.4%
JD JD.com, Inc.1 of 5−14.9%+23.5%−47.8%−17.9%−20.3%
PDD PDD Holdings Inc.1 of 5+16.9%−33.7%+79.4%+39.9%−67.2%
BABA Alibaba Group Holding Limited2 of 5+75.8%+11.8%−10.8%−25.9%−49.0%
CPNG Coupang, Inc.1 of 4+7.3%+35.8%+10.1%−49.9%—
SE Sea Limited2 of 5+20.2%+162%−22.2%−76.7%+12.4%
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Risk and diversification

How DASH has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were DASH's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents DASH's five deepest drawdowns since it began trading in 2020, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Note: DASH began trading on December 9, 2020, so this list cannot include the dot-com bust, the 2008 financial crisis or six other sell-offs. The crash tests on this page show how older funds and the S&P 500 fared through those years.

Green means DASH fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringDASH fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
2022 bear market−82.5%−22.3%Nov 2021Oct 202211 monthsJun 20252.7 years
No named crash−48.0%−5.1%Oct 2025Mar 20265 monthsNot yet—
No named crash−47.5%+4.3%Feb 2021May 20213 monthsSep 20214 months
No named crash−26.6%+1.0%Dec 2020Jan 20211 monthJan 2021Under a month
No named crash−14.4%+3.2%Jan 2021Feb 20211 monthFeb 2021Under a month

How did DASH do in stock market crashes?

This section measures how far DASH, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Note: DASH began trading on December 9, 2020, so its row reads "Not yet trading" for the dot-com bust, the 2008 financial crisis or six other sell-offs. The older alternatives and the S&P 500 show how those crashes played out.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than DASH.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
DASH This pageDoorDash, Inc.—−8.5%−68.8%Not yet tradingNot yet tradingNot yet tradingNot yet tradingNot yet tradingNot yet tradingNot yet tradingNot yet trading
SPY S&P 500State Street SPDR S&P 500 ETF2 of 2−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
AMZN Amazon.com, Inc.2 of 2−3.4%−39.6%−22.7%−33.2%−7.1%−30.6%−20.7%−2.9%−65.3%−91.8%
YUM Yum! Brands, Inc.2 of 2−1.7%−22.2%−46.3%−6.9%−7.7%−24.7%−12.3%−1.1%−45.5%−33.0%
MELI MercadoLibre, Inc.2 of 2−7.2%−51.6%−39.1%−30.3%−8.8%−31.9%−39.5%0.0%−89.5%—
SBUX Starbucks Corporation2 of 2−3.3%−38.4%−37.5%−11.4%−3.0%−14.2%−15.5%−0.6%−73.2%−44.1%
MCD McDonald's Corporation2 of 2−1.4%−17.2%−36.1%−9.7%−6.1%−9.8%−7.3%−2.0%−21.4%−57.1%
UBER Uber Technologies, Inc.1 of 2−9.4%−53.9%−63.9%———————
TOST Toast, Inc.1 of 2−9.5%−58.9%————————
LYFT Lyft, Inc.0 of 2−13.7%−74.9%−65.3%———————
DPZ Domino's Pizza, Inc.2 of 2−3.8%−43.1%−23.1%−20.3%−7.4%−11.5%−14.8%−5.9%−83.3%—
JD JD.com, Inc.1 of 2−14.6%−45.1%−21.0%−27.3%−8.2%−29.9%————
PDD PDD Holdings Inc.2 of 2−7.9%−61.4%−15.7%−38.1%——————
BABA Alibaba Group Holding Limited2 of 2−4.7%−45.1%−20.6%−20.7%−7.3%−29.1%————
CPNG Coupang, Inc.2 of 2−7.3%−64.7%————————
SE Sea Limited1 of 2−8.0%−73.3%−27.7%−26.4%−8.8%—————
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How closely does DASH move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares DASH with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 5 years.

Monthly total returns over the past 5 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than DASH's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
DASH This pageDoorDash, Inc.143%261%0.551.89
UBER Uber Technologies, Inc.99%124%0.801.26
YUM Yum! Brands, Inc.45%58%0.790.55
AMZN Amazon.com, Inc.125%170%0.741.45
MCD McDonald's Corporation40%63%0.630.44
MELI MercadoLibre, Inc.84%146%0.571.31
SBUX Starbucks Corporation77%142%0.540.98
BABA Alibaba Group Holding Limited76%167%0.450.48
TOST Toast, Inc.116%267%0.441.74
DPZ Domino's Pizza, Inc.62%159%0.390.95
SE Sea Limited81%283%0.291.54
LYFT Lyft, Inc.81%292%0.281.95
CPNG Coupang, Inc.27%135%0.201.16
JD JD.com, Inc.8%122%0.070.33
PDD PDD Holdings Inc.-1%17%-0.05-0.04
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What diversifies DASH?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with DASH's. Because such investments tend not to fall at the same time, pairing DASH with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which DASH lost money. The last two columns show a portfolio that is 80% DASH and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe202280/20 mix volatility80/20 mix annual return
DASH DoorDash, Inc. (this page)1.00−11.1%0.23−67.2%48.2%−2.3%
LVHI InternationalFranklin International Low Volatility High Dividend Index ETF0.30+119%1.48+3.8%39.1%+3.1%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.30+225%1.34+6.0%39.4%+4.8%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.35+101%1.04+10.4%39.7%+2.8%
HDV Dividend & IncomeiShares Core High Dividend ETF0.28+83.3%1.00+7.1%39.4%+2.2%
EWP Broad MarketiShares MSCI Spain ETF0.44+140%0.97−5.2%40.3%+3.6%
GLD CommoditiesSPDR Gold Shares0.23+126%0.96−0.8%39.5%+3.4%
SPMO Broad MarketInvesco S&P 500 Momentum ETF0.45+136%0.93−10.4%40.6%+3.6%
XLE EnergyState Street Energy Select Sector SPDR ETF0.01+177%0.93+64.4%38.9%+4.8%

Stocks

InvestmentCorrelation5Y returnSharpe202280/20 mix volatility80/20 mix annual return
DASH DoorDash, Inc. (this page)1.00−11.1%0.23−67.2%48.2%−2.3%
CAH Medical - DistributionCardinal Health, Inc.0.20+479%1.55+54.1%39.9%+6.9%
CLS Hardware, Equipment & PartsCelestica Inc.0.28+3,143%1.47+1.3%43.3%+17.9%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.23+1,636%1.46+17.0%41.5%+14.6%
MCK Medical - DistributionMcKesson Corporation-0.02+413%1.44+51.8%38.8%+6.8%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.11+690%1.41+86.6%39.8%+9.0%
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Common questions

What was DASH's worst drawdown?

DASH's deepest decline since it began trading in 2020 was 82.5%, from November 2021 to October 2022. It took about three years from the low to climb back to its old high. Because DASH launched in December 2020, that record does not include the dot-com bust, the 2008 financial crisis or six other sell-offs.

What were DASH's best and worst years?

Over five full calendar years, DASH's best year was 2023, when it returned 103%. Its worst was 2022, with a return of -67.2%.

Is there a better investment than DASH?

Among DASH's popular alternatives, AMZN, UBER and YUM earned more than DASH with less volatility over the past 5 years. AMZN returned 9.0% a year at 36.6% volatility, against a loss of 2.3% a year at 54.5%. Looking beyond its popular alternatives, EBAY (e-commerce) and CAKE (restaurants) earned more than DASH with less volatility over the past 5 years. EBAY returned 11.7% a year at 32.9% volatility, against a loss of 2.3% a year at 54.5%.

Is DASH more volatile than the S&P 500?

Yes. DASH's volatility over the past 5 years was 54.5%, 3.2 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, DASH's return lands within 54.5% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is DASH's Sharpe ratio?

DASH's Sharpe ratio over the past 5 years was 0.23, against 0.79 for the S&P 500, so DASH earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is DASH with the S&P 500?

Over the past 5 years, DASH's monthly returns had a correlation of 0.61 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against DASH instead: the lower it is, the more that option would diversify a DASH holding.

What are the best alternatives to DASH?

None of the 15 popular alternatives we compared outperformed DASH in at least 3 of 5 short-term and 2 of 2 long-term timeframes, which says more about DASH's strength than about its alternatives.

Did DASH outperform the S&P 500?

DASH finished ahead of the S&P 500 (SPY) in three of five full calendar years. In 2025, it returned +35.0%, against +17.7% for the index.

How did DASH do in stock market crashes?

DASH fell less than the S&P 500 (SPY) in none of the two major crashes it has traded through, and further in two. The clearest case was the 2022 bear market, when DASH fell 68.8% and the S&P 500 fell 24.5%.

What diversifies DASH?

These had a low correlation with DASH over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.30), DXJ (correlation 0.30) and EMLP (correlation 0.35); among large stocks, CAH (correlation 0.20), CLS (correlation 0.28) and FIX (correlation 0.23). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to DASH

Other stocks and ETFs