At this moment DAO has not been on the market. But it seems like it does have an inverse relation with BTC.
DAO might be usefull as a hedge but I am not sure how competent the team of DAO is.
There is an article on coindesk.com with the title "Will The DAO Become Ethereum's Mt Gox?"
You can look it up. The headline seems very weird to. Too much speculation. Coindesk.com was hyping DAO before it got in the market. Made me think that the coindesk.com team bought DAO.
If they try to manipulate the market with that headline to buy cheap ? We migght never find out.
This is just an analysis. Consider the risks on every trade