BETR vs CDLX: Correlation
How closely do Better Home & Finance Holding Company (BETR) and Cardlytics, Inc. (CDLX) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BETR and CDLX?
Over the past 3 years, BETR and CDLX moved with a correlation of 0.36, which is moderate. The link has tightened recently: the 1-year correlation (0.49) runs above the 3-year figure (0.36). Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 4928.1 %².
Among the 12 assets we track against BETR, CDLX ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BETR ahead by 29.6 points (-31.5% versus -61.1%).
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.
BETR vs CDLX: side by side
| BETR (Better Home & Finance Holding Company) | CDLX (Cardlytics, Inc.) | |
|---|---|---|
| 1-year return | -31.5% | -61.1% |
| 5-year return | -97.1% | -99.6% |
| Volatility (ann.) | 101.5% | 134.2% |
| Beta vs S&P 500 | 1.13 | 2.27 |
| Max drawdown (3Y) | -86.5% | -98.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BETR | CDLX |
|---|---|---|
| 2022 | +1.9% | -91.3% |
| 2023 | -91.9% | +59.3% |
| 2024 | -78.2% | -59.7% |
| 2025 | +265.2% | -69.0% |
| 2026 | -55.2% | -65.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BETR and CDLX good diversifiers for each other?
Reasonably. At 0.36, BETR and CDLX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BETR and CDLX?
As of 2026-08-27, the correlation of weekly returns between BETR and CDLX is 0.36 over 3 years, 0.49 over 1 year and 0.20 over 5 years.
Is CDLX a good diversifier for BETR?
Reasonably. At 0.36, BETR and CDLX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/betr-vs-cdlx.json
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Related comparisons
Hubs: BETR correlations · CDLX correlations
