DDOG vs PAHC: Correlation
Datadog (DDOG) and Phibro Animal Health Corporation (PAHC) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DDOG and PAHC?
Over the past 3 years, DDOG and PAHC moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.52 versus -0.25 over 3 years. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -723.6 %².
By 3-year correlation, PAHC places #25 of the 30 assets tracked against DDOG. Their recent paths diverged sharply: over the last 12 months DDOG outperformed by 70.1 percentage points (+84.4% for DDOG against +14.3% for PAHC).
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 PAHC: side by side
| DDOG (Datadog) | PAHC (Phibro Animal Health Corporation) | |
|---|---|---|
| 1-year return | +84.4% | +14.3% |
| 5-year return | +77.8% | +73.3% |
| Volatility (ann.) | 54.6% | 53.5% |
| Beta vs S&P 500 | 1.37 | 0.79 |
| Max drawdown (3Y) | -48.6% | -52.1% |
| Market cap | $87.2B | $1.5B |
| P/E (trailing) | 458.4 | 15.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | DDOG | PAHC |
|---|---|---|
| 2022 | -58.7% | -32.3% |
| 2023 | +65.1% | -10.4% |
| 2024 | +17.7% | +86.3% |
| 2025 | -4.8% | +80.8% |
| 2026 | +78.6% | -2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DDOG and PAHC 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 PAHC?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.52 over the last year and -0.11 over 5 years.
Is PAHC 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?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ddog-vs-pahc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ddog-vs-pahc/)
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Related comparisons
Hubs: DDOG correlations · PAHC correlations
