DKNG vs. DASH
DKNG (DraftKings Inc.) and DASH (DoorDash, Inc.) are both stocks. DKNG operates in Gambling (Consumer Cyclical), while DASH operates in Internet Content & Information (Communication Services). Over the past 5 years, DKNG returned -12.98%/yr vs 1.46%/yr for DASH. At a 0.47 correlation, their price movements are largely independent.
Performance
DKNG vs. DASH - Performance Comparison
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Returns By Period
In the year-to-date period, DKNG achieves a -27.13% return, which is significantly higher than DASH's -31.75% return.
DKNG
- 1D
- -0.75%
- 1M
- 6.53%
- YTD
- -27.13%
- 6M
- -27.32%
- 1Y
- -26.84%
- 3Y*
- 0.25%
- 5Y*
- -12.98%
- 10Y*
- —
DASH
- 1D
- -1.51%
- 1M
- -10.42%
- YTD
- -31.75%
- 6M
- -30.52%
- 1Y
- -27.66%
- 3Y*
- 31.56%
- 5Y*
- 1.46%
- 10Y*
- —
DKNG vs. DASH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DKNG DraftKings Inc. | -27.13% | -7.37% | 5.53% | 209.48% | -58.54% | -41.00% | -4.86% |
DASH DoorDash, Inc. | -31.75% | 35.01% | 69.63% | 102.56% | -67.21% | 4.31% | -24.67% |
Correlation
The correlation between DKNG and DASH is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020 | 0.47 |
The correlation between DKNG and DASH shifts across timeframes, from 0.30 (1 year) to 0.50 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
DKNG:
$0.15
DASH:
$2.10
DKNG:
170.31
DASH:
73.67
DKNG:
1.59
DASH:
4.63
DKNG:
$6.29B
DASH:
$14.72B
DKNG:
$2.63B
DASH:
$7.49B
DKNG:
$319.39M
DASH:
$1.69B
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Return for Risk
DKNG vs. DASH — Risk / Return Rank
DKNG
DASH
DKNG vs. DASH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DraftKings Inc. (DKNG) and DoorDash, Inc. (DASH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| DKNG | DASH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.92 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | -0.58 | +0.11 |
| Martin ratioReturn relative to average drawdown | -0.78 | -1.04 | +0.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DKNG | DASH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.57 | -0.63 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | 0.03 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | -0.06 | +0.13 |
Drawdowns
DKNG vs. DASH - Drawdown Comparison
The maximum DKNG drawdown since its inception was -85.73%, roughly equal to the maximum DASH drawdown of -82.49%. Use the drawdown chart below to compare losses from any high point for DKNG and DASH.
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Drawdown Indicators
| DKNG | DASH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.73% | -82.49% | -3.24% |
Max Drawdown (1Y)Largest decline over 1 year | -57.04% | -47.97% | -9.07% |
Max Drawdown (3Y)Largest decline over 3 years | -61.26% | -47.97% | -13.29% |
Max Drawdown (5Y)Largest decline over 5 years | -83.87% | -82.49% | -1.38% |
Current DrawdownCurrent decline from peak | -65.12% | -45.13% | -19.99% |
Average DrawdownAverage peak-to-trough decline | -48.91% | -43.53% | -5.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.67% | 26.66% | +8.01% |
Volatility
DKNG vs. DASH - Volatility Comparison
DraftKings Inc. (DKNG) and DoorDash, Inc. (DASH) have volatilities of 14.57% and 14.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DKNG | DASH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.57% | 14.42% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 35.19% | 32.20% | +2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.01% | 44.08% | +2.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.13% | 54.13% | +7.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.23% | 57.09% | +6.14% |
Dividends
DKNG vs. DASH - Dividend Comparison
Neither DKNG nor DASH has paid dividends to shareholders.
Financials
DKNG vs. DASH - Financials Comparison
This section allows you to compare key financial metrics between DraftKings Inc. and DoorDash, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
DKNG vs. DASH - Profitability Comparison
DKNG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, DraftKings Inc. reported a gross profit of 696.69M and revenue of 1.65B. Therefore, the gross margin over that period was 42.3%.
DASH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, DoorDash, Inc. reported a gross profit of 2.04B and revenue of 4.04B. Therefore, the gross margin over that period was 50.6%.
DKNG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, DraftKings Inc. reported an operating income of 5.85M and revenue of 1.65B, resulting in an operating margin of 0.4%.
DASH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, DoorDash, Inc. reported an operating income of 151.00M and revenue of 4.04B, resulting in an operating margin of 3.7%.
DKNG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, DraftKings Inc. reported a net income of 21.07M and revenue of 1.65B, resulting in a net margin of 1.3%.
DASH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, DoorDash, Inc. reported a net income of 184.00M and revenue of 4.04B, resulting in a net margin of 4.6%.
Frequently Asked Questions
DKNG and DASH have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DKNG has higher volatility (14.57%) compared to DASH (14.42%). In terms of maximum drawdown, DKNG dropped -85.73% vs DASH's -82.49%.
DKNG currently has the higher Sharpe Ratio (-0.57 vs -0.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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