DDOG vs EMBC: Correlation
How closely do Datadog (DDOG) and Embecta Corp. (EMBC) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DDOG and EMBC?
On 3 years of weekly data the DDOG/EMBC correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.50) than the 3-year average (-0.25). The 5-year figure is -0.15, and annualized covariance runs at -988.5 %².
Within DDOG's tracked universe of 30 assets, EMBC comes in at #24 by 3-year correlation. The last year tells two different stories: DDOG led by 148.9 percentage points, +84.4% for DDOG against -64.5% for EMBC.
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 EMBC: side by side
| DDOG (Datadog) | EMBC (Embecta Corp.) | |
|---|---|---|
| 1-year return | +84.4% | -64.5% |
| 5-year return | +77.8% | -87.8% |
| Volatility (ann.) | 54.6% | 72.4% |
| Beta vs S&P 500 | 1.37 | 0.91 |
| Max drawdown (3Y) | -48.6% | -85.3% |
| Market cap | $87.2B | $0.3B |
| P/E (trailing) | 458.4 | 3.4 |
| Dividend yield | 0.00% | 9.29% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | DDOG | EMBC |
|---|---|---|
| 2022 | -58.7% | – |
| 2023 | +65.1% | -23.1% |
| 2024 | +17.7% | +13.6% |
| 2025 | -4.8% | -39.6% |
| 2026 | +78.6% | -57.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DDOG and EMBC good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DDOG and EMBC?
As of 2026-08-27, the correlation of weekly returns between DDOG and EMBC is -0.25 over 3 years, -0.50 over 1 year and -0.15 over 5 years.
Is EMBC a good diversifier for DDOG?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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.
Use this data
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Related comparisons
Hubs: DDOG correlations · EMBC correlations
