CRWD vs DDOG: Correlation
CrowdStrike (CRWD) and Datadog (DDOG) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRWD and DDOG?
On 3 years of weekly data the CRWD/DDOG correlation comes out at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.60) sits close to the 3-year figure. The 5-year figure is 0.60, and annualized covariance runs at 1543.0 %².
Within CRWD's tracked universe of 31 assets, DDOG comes in at #15 by 3-year correlation. The last year tells two different stories: CRWD led by 31.4 percentage points, +115.8% for CRWD against +84.4% for DDOG. The rolling one-year correlation moved between 0.43 and 0.70 over the past three years, a moderate range.
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.
CRWD vs DDOG: side by side
| CRWD (CrowdStrike) | DDOG (Datadog) | |
|---|---|---|
| 1-year return | +115.8% | +84.4% |
| 5-year return | +218.4% | +77.8% |
| Volatility (ann.) | 50.2% | 54.6% |
| Beta vs S&P 500 | 1.87 | 1.37 |
| Max drawdown (3Y) | -44.4% | -48.6% |
| Market cap | $233.4B | $87.2B |
| P/E (trailing) | 3256.6 | 458.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | CRWD | DDOG |
|---|---|---|
| 2022 | -48.6% | -58.7% |
| 2023 | +142.5% | +65.1% |
| 2024 | +34.0% | +17.7% |
| 2025 | +37.0% | -4.8% |
| 2026 | +94.5% | +78.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRWD and DDOG good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CRWD and DDOG?
As of 2026-08-27, the correlation of weekly returns between CRWD and DDOG is 0.56 over 3 years, 0.60 over 1 year and 0.60 over 5 years.
Is DDOG a good diversifier for CRWD?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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.
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Related comparisons
Hubs: CRWD correlations · DDOG correlations
