CVLT vs RDDT: Correlation
How closely do Commvault Systems, Inc. (CVLT) and Reddit (RDDT) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVLT and RDDT?
Across a 3-year window, the weekly returns of CVLT and RDDT correlate at 0.52, moderate. Recent behaviour matches the longer record: 0.57 over 1 year against 0.52 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 1834.3 %².
Few assets follow CVLT as closely as RDDT, which ranks #1 of 10 tracked partners. Twelve-month performance is nearly a tie, at -23.8% for CVLT and -27.1% for RDDT. Note the risk asymmetry: RDDT runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CVLT vs RDDT: side by side
| CVLT (Commvault Systems, Inc.) | RDDT (Reddit) | |
|---|---|---|
| 1-year return | -23.8% | -27.1% |
| 5-year return | +73.1% | n/a |
| Volatility (ann.) | 44.6% | 75.2% |
| Beta vs S&P 500 | 1.29 | 2.59 |
| Max drawdown (3Y) | -61.5% | -61.4% |
| Market cap | $5.8B | $29.6B |
| P/E (trailing) | 86.1 | 36.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | CVLT | RDDT |
|---|---|---|
| 2022 | -8.8% | – |
| 2023 | +27.1% | – |
| 2024 | +89.0% | – |
| 2025 | -16.9% | +40.6% |
| 2026 | +12.0% | -33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVLT and RDDT good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CVLT and RDDT?
As of 2026-08-27, the correlation of weekly returns between CVLT and RDDT is 0.52 over 3 years, 0.57 over 1 year and n/a over 5 years.
Is RDDT a good diversifier for CVLT?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 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/cvlt-vs-rddt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cvlt-vs-rddt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CVLT correlations · RDDT correlations
