DDOG vs EXC: Correlation
How closely do Datadog (DDOG) and Exelon (EXC) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DDOG and EXC?
Over the past 3 years, DDOG and EXC moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.06) than the 3-year average (-0.23). Over 5 years the correlation is -0.02, and the annualized covariance of weekly returns is -245.4 %².
Among the 30 assets we track against DDOG, EXC ranks #23 by 3-year correlation. The last year tells two different stories: DDOG led by 82.7 percentage points, +84.4% for DDOG against +1.7% for EXC. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.50 to 0.22. One caveat on sizing: DDOG is 2.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 EXC: side by side
| DDOG (Datadog) | EXC (Exelon) | |
|---|---|---|
| 1-year return | +84.4% | +1.7% |
| 5-year return | +77.8% | +48.1% |
| Volatility (ann.) | 54.6% | 19.4% |
| Beta vs S&P 500 | 1.37 | -0.05 |
| Max drawdown (3Y) | -48.6% | -18.9% |
| Market cap | $87.2B | $45.3B |
| P/E (trailing) | 458.4 | 16.3 |
| Dividend yield | 0.00% | 3.69% |
| Sector / category | Information Technology | Utilities |
Year-by-year returns
| Year | DDOG | EXC |
|---|---|---|
| 2022 | -58.7% | +8.3% |
| 2023 | +65.1% | -14.0% |
| 2024 | +17.7% | +9.2% |
| 2025 | -4.8% | +20.0% |
| 2026 | +78.6% | +2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DDOG and EXC good diversifiers for each other?
Yes. With a correlation of -0.23, DDOG and EXC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DDOG and EXC?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.06 over the last year and -0.02 over 5 years.
Is EXC a good diversifier for DDOG?
Yes. With a correlation of -0.23, DDOG and EXC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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.
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Related comparisons
Hubs: DDOG correlations · EXC correlations
