BSY vs TTD: Correlation
Measured on weekly returns over the past three years, Bentley Systems, Incorporated (BSY) and Trade Desk (The) (TTD) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSY and TTD?
On 3 years of weekly data the BSY/TTD correlation comes out at 0.44, moderate. The link has tightened recently: the 1-year correlation (0.54) runs above the 3-year figure (0.44). The 5-year figure is 0.44, and annualized covariance runs at 780.3 %².
Among the 13 assets we track against BSY, TTD ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BSY ahead by 43.6 points (-30.9% versus -74.5%). Risk is not evenly split, since TTD carries 2.1 times the volatility of the other side.
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.
BSY vs TTD: side by side
| BSY (Bentley Systems, Incorporated) | TTD (Trade Desk (The)) | |
|---|---|---|
| 1-year return | -30.9% | -74.5% |
| 5-year return | -40.5% | -83.4% |
| Volatility (ann.) | 29.4% | 60.7% |
| Beta vs S&P 500 | 0.71 | 1.23 |
| Max drawdown (3Y) | -51.3% | -90.7% |
| Market cap | $11.4B | $6.3B |
| P/E (trailing) | 40.9 | 15.4 |
| Dividend yield | 0.76% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | BSY | TTD |
|---|---|---|
| 2022 | -23.3% | -51.1% |
| 2023 | +41.8% | +60.5% |
| 2024 | -10.1% | +63.3% |
| 2025 | -17.8% | -67.7% |
| 2026 | -1.1% | -64.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSY and TTD good diversifiers for each other?
Reasonably. At 0.44, BSY and TTD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BSY and TTD?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.54 over the last year and 0.44 over 5 years.
Is TTD a good diversifier for BSY?
Reasonably. At 0.44, BSY and TTD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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/bsy-vs-ttd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bsy-vs-ttd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BSY correlations · TTD correlations
