DASH (DASH)
Daily ERM3 factor decomposition: how much of DASH's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $184.37
- Market cap
- $80.3B
- 23-day vol
- 45.2%
- Sector proxy
- XLY
- Subsector proxy
- PEJ
Risk DNA
20% of DASH's variance is systematic (explainable by market, sector, and subsector factors); the rest is stock-specific.
Market 14.1%Sector 1.5%Subsector 4.6%Stock-specific 79.8%
ETF hedge ratios
Dollars of ETF to short per $1 of DASH held — executable hedge weights, not regression betas. L1 hedges market only; L3 adds sector and subsector layers.
| Level | Market (SPY) | Sector (XLY) | Subsector (PEJ) | Explained risk |
|---|---|---|---|---|
| L1 | $-1.28 | — | — | 14.1% |
| L2 | $-0.41 | $-0.73 | — | 15.6% |
| L3 | $-0.26 | $-0.22 | $-0.86 | 20.2% |
Data as of July 28, 2026. Updated daily from the ERM3 pipeline.
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