CRWD vs DT: Correlation
How closely do CrowdStrike (CRWD) and Dynatrace, Inc. (DT) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRWD and DT?
Across a 3-year window, the weekly returns of CRWD and DT correlate at 0.58, moderate. The relationship has been stable: the 1-year correlation (0.67) sits close to the 3-year figure. Stretching to 5 years gives 0.59, with an annualized covariance of 990.4 %².
By 3-year correlation, DT places #11 of the 31 assets tracked against CRWD. Correlation aside, the last 12 months split them widely, with CRWD ahead by 109.2 points (+115.8% versus +6.6%).
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 DT: side by side
| CRWD (CrowdStrike) | DT (Dynatrace, Inc.) | |
|---|---|---|
| 1-year return | +115.8% | +6.6% |
| 5-year return | +218.4% | -21.5% |
| Volatility (ann.) | 50.2% | 34.3% |
| Beta vs S&P 500 | 1.87 | 1.02 |
| Max drawdown (3Y) | -44.4% | -48.2% |
| Market cap | $233.4B | $15.5B |
| P/E (trailing) | 3256.6 | 102.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CRWD | DT |
|---|---|---|
| 2022 | -48.6% | -36.5% |
| 2023 | +142.5% | +42.8% |
| 2024 | +34.0% | -0.6% |
| 2025 | +37.0% | -20.3% |
| 2026 | +94.5% | +23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRWD and DT good diversifiers for each other?
Only partially. A correlation of 0.58 means CRWD and DT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CRWD and DT?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.67 over the last year and 0.59 over 5 years.
Is DT a good diversifier for CRWD?
Only partially. A correlation of 0.58 means CRWD and DT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
A reading of 0.58 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/crwd-vs-dt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crwd-vs-dt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRWD correlations · DT correlations
