AKAM vs DDOG: Correlation
How closely do Akamai Technologies (AKAM) and Datadog (DDOG) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAM and DDOG?
Over the past 3 years, AKAM and DDOG moved with a correlation of 0.56, which is moderate. Recent behaviour matches the longer record: 0.66 over 1 year against 0.56 over 3. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 1387.8 %².
In AKAM's tracked universe of 30 assets, DDOG sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months DDOG outperformed by 42.3 percentage points (+42.1% for AKAM against +84.4% for DDOG). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.06 to 0.70.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AKAM vs DDOG: side by side
| AKAM (Akamai Technologies) | DDOG (Datadog) | |
|---|---|---|
| 1-year return | +42.1% | +84.4% |
| 5-year return | -1.6% | +77.8% |
| Volatility (ann.) | 45.7% | 54.6% |
| Beta vs S&P 500 | 0.58 | 1.37 |
| Max drawdown (3Y) | -46.8% | -48.6% |
| Market cap | $16.0B | $87.2B |
| P/E (trailing) | 40.3 | 458.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | AKAM | DDOG |
|---|---|---|
| 2022 | -28.0% | -58.7% |
| 2023 | +40.4% | +65.1% |
| 2024 | -19.2% | +17.7% |
| 2025 | -8.8% | -4.8% |
| 2026 | +27.5% | +78.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAM and DDOG good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AKAM and DDOG?
As of 2026-08-27, the correlation of weekly returns between AKAM and DDOG is 0.56 over 3 years, 0.66 over 1 year and 0.49 over 5 years.
Is DDOG a good diversifier for AKAM?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: AKAM correlations · DDOG correlations
