DPZ (DPZ)
Daily ERM3 factor decomposition: how much of DPZ's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $343.53
- Market cap
- $11.4B
- 23-day vol
- 38.0%
- Sector proxy
- XLY
- Subsector proxy
- PEJ
Risk DNA
9% of DPZ's variance is systematic (explainable by market, sector, and subsector factors); the rest is stock-specific.
Market 0.0%Sector 3.9%Subsector 6.9%Stock-specific 89.2%
ETF hedge ratios
Dollars of ETF to short per $1 of DPZ 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 | $-0.17 | — | — | -1.5% |
| L2 | $0.38 | $-0.45 | — | 2.4% |
| L3 | $0.47 | $-0.12 | $-0.56 | 9.4% |
Data as of July 28, 2026. Updated daily from the ERM3 pipeline.
Go deeper on DPZ
Ask the AI risk analyst for DPZ's full history, peer comparison, or how it changes your portfolio's risk.