DDOG vs GTLB: Correlation
How closely do Datadog (DDOG) and GitLab Inc. (GTLB) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DDOG and GTLB?
On 3 years of weekly data the DDOG/GTLB correlation comes out at 0.50, moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 1418.1 %².
By 3-year correlation, GTLB places #10 of the 30 assets tracked against DDOG. The last year tells two different stories: DDOG led by 89.6 percentage points, +84.4% for DDOG against -5.2% for GTLB.
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 GTLB: side by side
| DDOG (Datadog) | GTLB (GitLab Inc.) | |
|---|---|---|
| 1-year return | +84.4% | -5.2% |
| 5-year return | +77.8% | -56.9% |
| Volatility (ann.) | 54.6% | 52.0% |
| Beta vs S&P 500 | 1.37 | 1.49 |
| Max drawdown (3Y) | -48.6% | -75.0% |
| Market cap | $87.2B | $7.6B |
| P/E (trailing) | 458.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | DDOG | GTLB |
|---|---|---|
| 2022 | -58.7% | -47.8% |
| 2023 | +65.1% | +38.6% |
| 2024 | +17.7% | -10.5% |
| 2025 | -4.8% | -33.4% |
| 2026 | +78.6% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DDOG and GTLB good diversifiers for each other?
To a limited degree. At 0.50 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 GTLB?
The DDOG/GTLB correlation stands at 0.50 on a 3-year window (1 year: 0.44, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is GTLB a good diversifier for DDOG?
To a limited degree. At 0.50 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 0.50 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-gtlb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ddog-vs-gtlb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DDOG correlations · GTLB correlations
