CARG vs GDDY: Correlation
CarGurus, Inc. (CARG) and GoDaddy (GDDY) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CARG and GDDY?
Over the past 3 years, CARG and GDDY moved with a correlation of 0.50, which is moderate. The past 12 months show a weaker link (0.38) than the 3-year average (0.50). Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 658.7 %².
Among the 17 assets we track against CARG, GDDY ranks #9 by 3-year correlation. The last year tells two different stories: CARG led by 40.5 percentage points, +6.1% for CARG against -34.4% for GDDY.
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.
CARG vs GDDY: side by side
| CARG (CarGurus, Inc.) | GDDY (GoDaddy) | |
|---|---|---|
| 1-year return | +6.1% | -34.4% |
| 5-year return | +17.1% | +32.1% |
| Volatility (ann.) | 39.4% | 33.6% |
| Beta vs S&P 500 | 1.12 | 0.93 |
| Max drawdown (3Y) | -37.9% | -65.0% |
| Market cap | $3.2B | $12.3B |
| P/E (trailing) | 18.6 | 14.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | CARG | GDDY |
|---|---|---|
| 2022 | -58.4% | -11.8% |
| 2023 | +72.4% | +41.9% |
| 2024 | +51.2% | +85.9% |
| 2025 | +5.0% | -37.1% |
| 2026 | -5.2% | -21.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CARG and GDDY good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CARG and GDDY?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.38 over the last year and 0.42 over 5 years.
Is GDDY a good diversifier for CARG?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/carg-vs-gddy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/carg-vs-gddy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CARG correlations · GDDY correlations
