BL vs GDDY: Correlation
BlackLine, Inc. (BL) and GoDaddy (GDDY) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BL and GDDY?
Across a 3-year window, the weekly returns of BL and GDDY correlate at 0.49, moderate. The past 12 months show a weaker link (0.31) than the 3-year average (0.49). Stretching to 5 years gives 0.45, with an annualized covariance of 668.7 %².
By 3-year correlation, GDDY places #8 of the 15 assets tracked against BL. Neither side won the trailing year by much: -38.3% against -34.4%.
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.
BL vs GDDY: side by side
| BL (BlackLine, Inc.) | GDDY (GoDaddy) | |
|---|---|---|
| 1-year return | -38.3% | -34.4% |
| 5-year return | -69.6% | +32.1% |
| Volatility (ann.) | 40.7% | 33.6% |
| Beta vs S&P 500 | 0.83 | 0.93 |
| Max drawdown (3Y) | -63.2% | -65.0% |
| Market cap | $2.0B | $12.3B |
| P/E (trailing) | 60.2 | 14.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | BL | GDDY |
|---|---|---|
| 2022 | -35.0% | -11.8% |
| 2023 | -7.2% | +41.9% |
| 2024 | -2.7% | +85.9% |
| 2025 | -9.0% | -37.1% |
| 2026 | -39.0% | -21.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BL and GDDY good diversifiers for each other?
Reasonably. At 0.49, BL and GDDY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BL and GDDY?
The BL/GDDY correlation stands at 0.49 on a 3-year window (1 year: 0.31, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is GDDY a good diversifier for BL?
Reasonably. At 0.49, BL and GDDY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bl-vs-gddy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bl-vs-gddy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BL correlations · GDDY correlations
