DIS (DIS)
Daily ERM3 factor decomposition: how much of DIS's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $100.34
- Market cap
- $179.9B
- 23-day vol
- 21.6%
- Sector proxy
- XLC
- Subsector proxy
- GGME
Risk DNA
26% of DIS's variance is systematic (explainable by market, sector, and subsector factors); the rest is stock-specific.
Market 18.3%Sector 7.9%Subsector 0.0%Stock-specific 73.8%
ETF hedge ratios
Dollars of ETF to short per $1 of DIS held — executable hedge weights, not regression betas. L1 hedges market only; L3 adds sector and subsector layers.
| Level | Market (SPY) | Sector (XLC) | Subsector (GGME) | Explained risk |
|---|---|---|---|---|
| L1 | $-0.82 | — | — | 18.3% |
| L2 | $-0.26 | $-0.77 | — | 26.3% |
| L3 | $-0.37 | $-0.77 | $0.08 | 26.1% |
Data as of June 12, 2026. Updated daily from the ERM3 pipeline.
Go deeper on DIS
Ask the AI risk analyst for DIS's full history, peer comparison, or how it changes your portfolio's risk.