DDI vs LYFT: Correlation
DoubleDown Interactive Co., Ltd. - American Depository (DDI) and Lyft, Inc. (LYFT) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DDI and LYFT?
Over the past 3 years, DDI and LYFT moved with a correlation of 0.39, which is moderate. The link has loosened recently: the 1-year correlation (0.05) runs below the 3-year figure (0.39). Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 1233.6 %².
Among the 10 assets we track against DDI, LYFT ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DDI outperformed by 27.7 percentage points (+34.5% for DDI against +6.8% for LYFT).
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.
DDI vs LYFT: side by side
| DDI (DoubleDown Interactive Co., Ltd. - American Depository) | LYFT (Lyft, Inc.) | |
|---|---|---|
| 1-year return | +34.5% | +6.8% |
| 5-year return | -28.2% | -63.2% |
| Volatility (ann.) | 51.1% | 61.8% |
| Beta vs S&P 500 | 0.44 | 1.77 |
| Max drawdown (3Y) | -52.1% | -55.2% |
| Market cap | $0.6B | $6.6B |
| P/E (trailing) | 5.1 | 2.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DDI | LYFT |
|---|---|---|
| 2022 | -45.5% | -74.2% |
| 2023 | -13.0% | +36.0% |
| 2024 | +42.0% | -13.9% |
| 2025 | -17.3% | +50.2% |
| 2026 | +47.7% | -10.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DDI and LYFT good diversifiers for each other?
Reasonably. At 0.39, DDI and LYFT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DDI and LYFT?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.05 over the last year and 0.33 over 5 years.
Is LYFT a good diversifier for DDI?
Reasonably. At 0.39, DDI and LYFT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DDI correlations · LYFT correlations
