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

> Source: EasyCompare research, https://easycompare.io/research/dash
> Data as of October 20, 2026. Total returns include reinvested dividends. Past performance does not predict future results; nothing here is investment advice.

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.

## Key findings

- **Right now:** The slide is DASH's own: it is 32.0% below its high, against 1.3% for the S&P 500. DASH has trailed the market, rising 1.0% over the past 6 months against 9.1% for the S&P 500 and 11.2% for the Nasdaq 100.
- **Stock or market?:** DASH rose 1.4% over the past 3 months, in line with the communication services sector ETF XLC (State Street Communication Services Select Sector SPDR ETF), which fell 0.2%. The S&P 500 rose 3.9%. Its online delivery peers did not move as one over the past 3 months: CART (Maplebear) rose 8.6%, while BABA (Alibaba Group Holding) fell 9.7%.
- **Past 1 to 3 years:** Over the past year, DASH fell 27.8% while the S&P 500 rose 15.8%. Even so, the past 3 years (ahead of 82% of the stocks worth at least $300 million) have been far stronger than the record over 5 years (behind 65% of them).
- **Long term:** DASH turned $10,000 into $8,890 over the past 5 years, against $18,200 in the S&P 500.
- **In a crash:** In the 2022 bear market, DASH fell 68.8%, against 24.5% for the S&P 500. That was more than AMZN (Amazon.com, 39.6%) but less than SE (Sea, 73.3%).
- **Diversification:** Against the S&P 500, DASH has a correlation of 0.61 over 5 years, more closely than 92% of stocks worth at least $300 million. Next to an index fund it is more of the same, not a cushion.
- **Better options**
  - **Nearby categories and themes:** EBAY (e-commerce) and CAKE (Cheesecake Factory, 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%.
  - **Versus the S&P 500:** Simply owning the S&P 500 would have done better over the past 5 years: 12.7% a year at 17.1% volatility, against 2.3% at 54.5% for DASH.
  - **Whole market:** 2,341 of the 3,633 stocks and funds worth at least $500 million earned more than DASH with less volatility over the past 5 years, among them AAPL (Apple), GOOG (Alphabet) and MSFT (Microsoft).

## 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.

- $10,000 invested in DASH at the end of September 2021 would have grown to $8,911 by September 2026, less than the $19,000 it would have become in SPY, an S&P 500 fund.
- Six of the eight other investments on the chart ended ahead of DASH, and UBER finished highest, at $15,293.

## 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.

- DASH is still 32.0% below its all-time high.
- 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.
- Over five full calendar years, DASH's best was 2023, when it returned 103%, and its worst was 2022, when it lost 67.2%. It lost money in one of those years.

- Type: Stock, Communication (Internet Content & Information)
- Trading since: December 9, 2020
- Market value: $83B
- Volatility (5 years): 54.5%; Sharpe ratio: 0.23
- Worst decline ever: −82.5%, from November 12, 2021 to October 14, 2022; back at its high by June 30, 2025

| Period | DASH total return |
| --- | --- |
| 1 month | −1.1% |
| 3 months | +1.4% |
| 6 months | +1.0% |
| year to date | −12.8% |
| 1 year | −27.8% |
| 3 years | +162% |
| 5 years | −11.1% |

## 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.

- DASH's 3-year return ranks in the top 18% of the 3,017 stocks worth at least $300 million with 3 years of history.
- DASH's 1-year return ranks in the bottom 15% of the 3,287 stocks worth at least $300 million with 1 year of history.

| Measure | DASH | Rank |
| --- | --- | --- |
| 1-year return | −27.8% | 2,808 of 3,287 (top 86%) |
| 3-year return | +162% | 530 of 3,017 (top 18%) |
| 5-year return | −11.1% | 1,888 of 2,893 (top 66%) |
| Volatility, 5 years | 54.5% | 2,098 of 2,893 (top 73%) |
| Sharpe ratio, 5 years | 0.23 | 1,769 of 2,893 (top 62%) |

### 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).

- 1,380 stocks and 961 ETFs worth at least $500 million sit in the green region: each earned more than DASH over the past 5 years with smaller price swings. That is 64% of the 3,633 screened.
- Among those with at least half DASH's swings, FIX has the best return for its risk: 77.0% a year at 46.7% volatility, 14% less than DASH's 54.5%, and a Sharpe ratio (return above cash per unit of volatility) of 1.46 against 0.23 for DASH.
- Among DASH's popular alternatives, AMZN, UBER and YUM are in the region. AMZN earned 9.0% a year against a loss of 2.3% a year for DASH, at 36.6% volatility, 33% less than DASH's 54.5%.

### Is there a better investment than DASH?

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.

- 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%.
- Simply owning the S&P 500 would have done better over the past 5 years: 12.7% a year at 17.1% volatility, against 2.3% at 54.5% for DASH.

The 15 strongest of 2,341 investments that beat DASH over the past 5 years, out of 3,633 stocks and funds worth at least $500 million.

| Investment | Group | Annual return (5 years) | Volatility | Sharpe | Worst decline (10 years) | 5Y return | Correlation with DASH | Better on |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| DASH: DoorDash, Inc. (this page) |  | −2.3% | 54.5% | 0.23 | −82.5% | −11.1% |  |  |
| [RY](https://easycompare.io/research/ry): Royal Bank of Canada | Banks | +17.3% | 18.2% | 0.97 | −40.0% | +122% | 0.37 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [CAH](https://easycompare.io/research/cah): Cardinal Health, Inc. | Health Care Distribution | +42.1% | 24.7% | 1.55 | −46.1% | +479% | 0.20 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [TSM](https://easycompare.io/research/tsm): Taiwan Semiconductor Manufacturing Company Limited | Semiconductors | +31.5% | 38.5% | 0.91 | −56.6% | +293% | 0.53 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [HSBC](https://easycompare.io/research/hsbc): HSBC Holdings plc | Banks | +33.1% | 25.9% | 1.24 | −62.3% | +318% | 0.29 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [ASML](https://easycompare.io/research/asml): ASML Holding N.V. | Semiconductor Equipment | +17.4% | 43.4% | 0.59 | −56.9% | +123% | 0.43 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [MUFG](https://easycompare.io/research/mufg): Mitsubishi UFJ Financial Group, Inc. | Banks | +33.2% | 29.4% | 1.13 | −54.9% | +319% | 0.23 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [ANET](https://easycompare.io/research/anet): Arista Networks, Inc. | Communications Equipment | +49.0% | 49.0% | 1.06 | −52.2% | +634% | 0.38 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| INSW: International Seaways, Inc. | Oil & Gas | +56.5% | 40.5% | 1.31 | −57.4% | +839% | -0.26 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [PANW](https://easycompare.io/research/panw): Palo Alto Networks, Inc. | Cybersecurity | +31.9% | 43.4% | 0.86 | −48.0% | +299% | 0.29 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [APH](https://easycompare.io/research/aph): Amphenol Corporation | Electronic Components | +33.8% | 32.2% | 1.07 | −37.5% | +329% | 0.43 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [STX](https://easycompare.io/research/stx): Seagate Technology Holdings plc | Computer Hardware | +57.4% | 48.7% | 1.18 | −57.0% | +866% | 0.27 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [AMAT](https://easycompare.io/research/amat): Applied Materials, Inc. | Semiconductor Equipment | +25.8% | 47.4% | 0.72 | −55.1% | +215% | 0.36 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [WELL](https://easycompare.io/research/well): Welltower Inc. | Healthcare REITs | +26.0% | 23.8% | 1.09 | −63.3% | +217% | 0.42 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [SAN](https://easycompare.io/research/san): Banco Santander, S.A. | Banks | +31.7% | 33.9% | 0.99 | −73.8% | +295% | 0.38 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [BBVA](https://easycompare.io/research/bbva): Banco Bilbao Vizcaya Argentaria, S.A. | Banks | +38.7% | 33.3% | 1.16 | −69.6% | +413% | 0.31 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |

## 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.

- Six of the 14 popular alternatives, led by AMZN, UBER and YUM, were both more rewarding and calmer than DASH over the past 5 years, earning a higher annual return with lower volatility.
- Over the past 5 years, DASH returned -2.3% a year, less than the S&P 500's 12.7%, with higher volatility (54.5% against 17.1%).

### 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.

- None of the 15 popular alternatives outperformed DASH in at least 3 of 5 short-term and 2 of 2 long-term timeframes. The closest was AMZN.
- AMZN, UBER and YUM earned more for the risk they took than DASH (a higher Sharpe ratio) and fell less in their worst decline of the past 10 years.

| Investment | 1Y return | 3Y return | 5Y return | Periods ahead of DASH | Verdict | Sharpe |
| --- | --- | --- | --- | --- | --- | --- |
| DASH: DoorDash, Inc. (this page) | −27.8% | +162% | −11.1% |  |  | 0.23 |
| [AMZN](https://easycompare.io/research/amzn): Amazon.com, Inc. | +21.3% | +110% | +53.8% | 5/5 short-term, 1/2 long-term |  | 0.42 |
| [YUM](https://easycompare.io/research/yum): Yum! Brands, Inc. | +4.3% | +34.0% | +32.5% | 4/5 short-term, 1/2 long-term |  | 0.37 |
| [MELI](https://easycompare.io/research/meli): MercadoLibre, Inc. | −10.6% | +60.7% | +17.2% | 4/5 short-term, 1/2 long-term |  | 0.31 |
| [SBUX](https://easycompare.io/research/sbux): Starbucks Corporation | +20.6% | +13.8% | −1.7% | 4/5 short-term, 1/2 long-term |  | 0.15 |
| [MCD](https://easycompare.io/research/mcd): McDonald's Corporation | −17.8% | +2.7% | +15.5% | 2/5 short-term, 1/2 long-term |  | 0.25 |
| [UBER](https://easycompare.io/research/uber): Uber Technologies, Inc. | −26.4% | +60.5% | +49.9% | 1/5 short-term, 1/2 long-term |  | 0.40 |
| TOST: Toast, Inc. | −13.3% | +85.7% | −35.9% | 5/5 short-term, 0/2 long-term |  | 0.15 |
| CART: Maplebear Inc. | +30.3% | +104% | — | 5/5 short-term, 0/2 long-term |  | — |
| LYFT: Lyft, Inc. | −14.6% | +70.8% | −65.1% | 4/5 short-term, 0/2 long-term |  | 0.03 |
| DPZ: Domino's Pizza, Inc. | −23.6% | −4.4% | −25.7% | 2/5 short-term, 0/2 long-term |  | -0.05 |
| JD: JD.com, Inc. | −18.0% | +20.2% | −64.3% | 2/5 short-term, 0/2 long-term |  | -0.14 |
| [PDD](https://easycompare.io/research/pdd): PDD Holdings Inc. | −38.0% | −20.6% | −17.9% | 1/5 short-term, 0/2 long-term |  | 0.26 |
| [BABA](https://easycompare.io/research/baba): Alibaba Group Holding Limited | −36.8% | +44.5% | −34.8% | 0/5 short-term, 0/2 long-term |  | 0.08 |
| CPNG: Coupang, Inc. | −54.8% | −18.9% | −50.3% | 0/5 short-term, 0/2 long-term |  | -0.01 |
| [SE](https://easycompare.io/research/se): Sea Limited | −51.5% | +80.3% | −77.7% | 0/5 short-term, 0/2 long-term |  | -0.14 |

### 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.

- DASH finished ahead of the S&P 500 in three of its five full calendar years, and ahead of it in each of the last three.
- Ranked against its popular alternatives each year, DASH finished in the top quarter in three of five years and in the bottom quarter in one. In 2025, it ranked 4 of 16.
- None of the 12 popular alternatives came out ahead of DASH in most of the years they have in common.

| Year | DASH | SPY |
| --- | --- | --- |
| 2025 | +35.0% | +17.7% |
| 2024 | +69.6% | +24.9% |
| 2023 | +103% | +26.2% |
| 2022 | −67.2% | −18.2% |
| 2021 | +4.3% | +28.7% |

## 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.

- In all five of DASH's worst declines, the S&P 500 held up better over the same dates.
- Not every decline was the market's doing: DASH fell 47.5% from February to May 2021, while the S&P 500 rose 4.3%.
- The slowest recovery came after DASH fell 82.5% from November 2021 to October 2022; it did not regain that peak until June 2025, three years later.

| Decline | Peak | Low | Back at the high | SPY over the same dates | Market event |
| --- | --- | --- | --- | --- | --- |
| −82.5% | November 12, 2021 | October 14, 2022 | June 30, 2025 | −22.3% | 2022 bear market |
| −48.0% | October 6, 2025 | March 27, 2026 | not yet | −5.1% |  |
| −47.5% | February 10, 2021 | May 12, 2021 | September 16, 2021 | +4.3% |  |
| −26.6% | December 9, 2020 | January 4, 2021 | January 12, 2021 | +1.0% |  |
| −14.4% | January 14, 2021 | February 8, 2021 | February 10, 2021 | +3.2% |  |

### 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.

- DASH fell further than the S&P 500 in all two crashes it has traded through. The clearest case was the 2022 bear market, when DASH fell 68.8% and the S&P 500 fell 24.5%.
- Among its popular alternatives, AMZN held up best, falling less than DASH in all two crashes they both traded through.
- DASH began trading after the 2008 financial crisis, but six of its popular alternatives lived through it. The mildest fall among them was MCD's 21.4%, against 55.2% for the S&P 500.

| Crash | Dates | DASH fall | SPY fall |
| --- | --- | --- | --- |
| Dot-com bust | March 10, 2000 to October 9, 2002 | not trading | −47.5% |
| Global financial crisis | October 9, 2007 to March 9, 2009 | not trading | −55.2% |
| Flash crash | May 6, 2010 to May 7, 2010 | not trading | −1.5% |
| Euro debt crisis | July 22, 2011 to October 3, 2011 | not trading | −17.9% |
| China devaluation & oil rout | August 10, 2015 to February 11, 2016 | not trading | −12.8% |
| Volmageddon | February 2, 2018 to February 9, 2018 | not trading | −6.5% |
| Q4 2018 selloff | September 21, 2018 to December 24, 2018 | not trading | −19.3% |
| COVID crash | February 19, 2020 to March 23, 2020 | not trading | −33.7% |
| 2022 bear market | January 4, 2022 to October 12, 2022 | −68.8% | −24.5% |
| SVB / regional bank stress | March 8, 2023 to March 13, 2023 | −8.5% | −3.4% |

### 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.

- AMZN took just 170% of the S&P 500's losses, against 261% for DASH, while still keeping 125% of its gains.
- Over the past 5 years, DASH captured 143% of the S&P 500's gains in rising months and 261% of its losses in falling months, with a beta of 1.89. It amplified the market's moves in both directions.
- Five of the 14 popular alternatives had a higher capture ratio (upside capture divided by downside capture) than DASH's 0.55, led by UBER, YUM and AMZN.

Measured over the past 5 years of monthly returns against SPY.

| Investment | Upside capture | Downside capture | Beta |
| --- | --- | --- | --- |
| DASH: DoorDash, Inc. (this page) | 143% | 261% | 1.89 |
| [AMZN](https://easycompare.io/research/amzn): Amazon.com, Inc. | 125% | 170% | 1.45 |
| [YUM](https://easycompare.io/research/yum): Yum! Brands, Inc. | 45.0% | 58.0% | 0.55 |
| [MELI](https://easycompare.io/research/meli): MercadoLibre, Inc. | 84.0% | 146% | 1.31 |
| [SBUX](https://easycompare.io/research/sbux): Starbucks Corporation | 77.0% | 142% | 0.98 |
| [MCD](https://easycompare.io/research/mcd): McDonald's Corporation | 40.0% | 63.0% | 0.44 |
| [UBER](https://easycompare.io/research/uber): Uber Technologies, Inc. | 99.0% | 124% | 1.26 |
| TOST: Toast, Inc. | 116% | 267% | 1.74 |
| LYFT: Lyft, Inc. | 81.0% | 292% | 1.95 |
| DPZ: Domino's Pizza, Inc. | 62.0% | 159% | 0.95 |
| JD: JD.com, Inc. | 8.0% | 122% | 0.33 |
| [PDD](https://easycompare.io/research/pdd): PDD Holdings Inc. | −1.0% | 17.0% | -0.04 |
| [BABA](https://easycompare.io/research/baba): Alibaba Group Holding Limited | 76.0% | 167% | 0.48 |
| CPNG: Coupang, Inc. | 27.0% | 135% | 1.16 |
| [SE](https://easycompare.io/research/se): Sea Limited | 81.0% | 283% | 1.54 |

### 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).

- Moving a fifth of the money in DASH into MCK would have cut the portfolio's volatility by 19% over the past 5 years and raised its annual return (-2.3% for DASH alone, +6.8% for the mix).
- Among large ETFs, LVHI, DXJ and EMLP have moved largely independently of DASH over the past 5 years, with correlations of 0.35 or lower, and each still earned a positive 5-year return.
- In 2022, the one year DASH lost money (-67.2%), MCK returned +51.8%.

| Investment | Correlation with DASH | 5Y return | Volatility | Sharpe | Rose in DASH's 1 down years |
| --- | --- | --- | --- | --- | --- |
| LVHI: Franklin International Low Volatility High Dividend Index ETF | 0.30 | +119% | 11.1% | 1.48 | 1 of 1 |
| DXJ: WisdomTree Japan Hedged Equity Fund | 0.30 | +225% | 19.1% | 1.34 | 1 of 1 |
| EMLP: First Trust North American Energy Infrastructure Fund | 0.35 | +101% | 14.5% | 1.04 | 1 of 1 |
| HDV: iShares Core High Dividend ETF | 0.28 | +83.3% | 13.0% | 1.00 | 1 of 1 |
| EWP: iShares MSCI Spain ETF | 0.44 | +140% | 20.3% | 0.97 | 0 of 1 |
| [GLD](https://easycompare.io/research/gld): SPDR Gold Shares | 0.23 | +126% | 18.9% | 0.96 | 0 of 1 |
| SPMO: Invesco S&P 500 Momentum ETF | 0.45 | +136% | 20.8% | 0.93 | 0 of 1 |
| [XLE](https://easycompare.io/research/xle): State Street Energy Select Sector SPDR ETF | 0.01 | +177% | 25.5% | 0.93 | 1 of 1 |

## 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.

## More research

- [Amazon.com (AMZN) Performance, Alternatives and Market Rank](https://easycompare.io/research/amzn)
- [Yum! Brands (YUM) Performance, Alternatives and Market Rank](https://easycompare.io/research/yum)
- [MercadoLibre (MELI) Performance, Alternatives and Market Rank](https://easycompare.io/research/meli)
- [Starbucks (SBUX) Performance, Alternatives and Market Rank](https://easycompare.io/research/sbux)
- [McDonald's (MCD) Performance, Alternatives and Market Rank](https://easycompare.io/research/mcd)
- [Uber Technologies (UBER) Performance, Alternatives and Market Rank](https://easycompare.io/research/uber)
- [PDD Performance, Alternatives and Market Rank](https://easycompare.io/research/pdd)
- [Alibaba Group Holding (BABA) Performance, Alternatives and Market Rank](https://easycompare.io/research/baba)
- [Sea (SE) Performance, Alternatives and Market Rank](https://easycompare.io/research/se)
- [Schwab U.S. Dividend Equity ETF (SCHD) Performance, Alternatives and Market Rank](https://easycompare.io/research/schd)
- [NVIDIA (NVDA) Performance, Alternatives and Market Rank](https://easycompare.io/research/nvda)
- [Apple (AAPL) Performance, Alternatives and Market Rank](https://easycompare.io/research/aapl)

## Explore further

- Full page with charts: https://easycompare.io/research/dash
- All research pages: https://easycompare.io/llms.txt
- Compare the entire market against DASH live: https://betterthanspy.com/?b=DASH&utm_source=easycompare&utm_medium=research