CRDO vs DAKT: Correlation
How closely do Credo Technology Group Holding Ltd (CRDO) and Daktronics, Inc. (DAKT) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRDO and DAKT?
On 3 years of weekly data the CRDO/DAKT correlation comes out at 0.44, moderate. The past 12 months show a weaker link (0.31) than the 3-year average (0.44). The 5-year figure is 0.33, and annualized covariance runs at 1937.2 %².
Within CRDO's tracked universe of 20 assets, DAKT comes in at #11 by 3-year correlation. The last year tells two different stories: CRDO led by 82.2 percentage points, +95.7% for CRDO against +13.5% for DAKT. One caveat on sizing: CRDO is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CRDO vs DAKT: side by side
| CRDO (Credo Technology Group Holding Ltd) | DAKT (Daktronics, Inc.) | |
|---|---|---|
| 1-year return | +95.7% | +13.5% |
| 5-year return | +1962.1% | +222.0% |
| Volatility (ann.) | 84.8% | 51.5% |
| Beta vs S&P 500 | 3.44 | 1.28 |
| Max drawdown (3Y) | -61.1% | -42.0% |
| Market cap | $45.1B | $0.9B |
| P/E (trailing) | 90.0 | 21.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRDO | DAKT |
|---|---|---|
| 2022 | – | -44.2% |
| 2023 | +46.3% | +200.7% |
| 2024 | +245.2% | +98.8% |
| 2025 | +114.1% | +17.3% |
| 2026 | +67.0% | -0.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRDO and DAKT good diversifiers for each other?
Reasonably. At 0.44, CRDO and DAKT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CRDO and DAKT?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.31 over the last year and 0.33 over 5 years.
Is DAKT a good diversifier for CRDO?
Reasonably. At 0.44, CRDO and DAKT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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/crdo-vs-dakt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crdo-vs-dakt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRDO correlations · DAKT correlations
