CRTO vs NET: Correlation
Measured on weekly returns over the past three years, Criteo S.A. (CRTO) and Cloudflare, Inc. (NET) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRTO and NET?
On 3 years of weekly data the CRTO/NET correlation comes out at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 969.0 %².
Few assets follow CRTO as closely as NET, which ranks #2 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months NET outperformed by 80.6 percentage points (-30.4% for CRTO against +50.2% for NET).
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.
CRTO vs NET: side by side
| CRTO (Criteo S.A.) | NET (Cloudflare, Inc.) | |
|---|---|---|
| 1-year return | -30.4% | +50.2% |
| 5-year return | -55.0% | +149.7% |
| Volatility (ann.) | 44.1% | 53.7% |
| Beta vs S&P 500 | 0.62 | 1.68 |
| Max drawdown (3Y) | -68.1% | -45.0% |
| Market cap | $0.8B | $109.8B |
| P/E (trailing) | 8.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRTO | NET |
|---|---|---|
| 2022 | -33.0% | -65.6% |
| 2023 | -2.8% | +84.2% |
| 2024 | +56.2% | +29.3% |
| 2025 | -47.9% | +83.1% |
| 2026 | -16.4% | +56.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRTO and NET good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRTO and NET?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.42 over the last year and 0.35 over 5 years.
Is NET a good diversifier for CRTO?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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/crto-vs-net.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crto-vs-net/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRTO correlations · NET correlations
