DDOG vs DT: Correlation
Measured on weekly returns over the past three years, Datadog (DDOG) and Dynatrace, Inc. (DT) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DDOG and DT?
Across a 3-year window, the weekly returns of DDOG and DT correlate at 0.59, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.59 over 3. Stretching to 5 years gives 0.62, with an annualized covariance of 1097.0 %².
Few assets follow DDOG as closely as DT, which ranks #1 of 30 tracked partners. The last year tells two different stories: DDOG led by 77.8 percentage points, +84.4% for DDOG against +6.6% for DT. Risk is not evenly split, since DDOG carries 1.6 times the volatility of the other side.
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.
DDOG vs DT: side by side
| DDOG (Datadog) | DT (Dynatrace, Inc.) | |
|---|---|---|
| 1-year return | +84.4% | +6.6% |
| 5-year return | +77.8% | -21.5% |
| Volatility (ann.) | 54.6% | 34.3% |
| Beta vs S&P 500 | 1.37 | 1.02 |
| Max drawdown (3Y) | -48.6% | -48.2% |
| Market cap | $87.2B | $15.5B |
| P/E (trailing) | 458.4 | 102.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | DDOG | DT |
|---|---|---|
| 2022 | -58.7% | -36.5% |
| 2023 | +65.1% | +42.8% |
| 2024 | +17.7% | -0.6% |
| 2025 | -4.8% | -20.3% |
| 2026 | +78.6% | +23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DDOG and DT good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DDOG and DT?
The DDOG/DT correlation stands at 0.59 on a 3-year window (1 year: 0.55, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is DT a good diversifier for DDOG?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 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/ddog-vs-dt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ddog-vs-dt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DDOG correlations · DT correlations
