DDOG vs SNOW: Correlation
Datadog (DDOG) and Snowflake Inc. (SNOW) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DDOG and SNOW?
Across a 3-year window, the weekly returns of DDOG and SNOW correlate at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Stretching to 5 years gives 0.66, with an annualized covariance of 1708.9 %².
In DDOG's tracked universe of 30 assets, SNOW sits right near the top at #2. The last year tells two different stories: DDOG led by 20.2 percentage points, +84.4% for DDOG against +64.2% for SNOW.
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 SNOW: side by side
| DDOG (Datadog) | SNOW (Snowflake Inc.) | |
|---|---|---|
| 1-year return | +84.4% | +64.2% |
| 5-year return | +77.8% | +10.5% |
| Volatility (ann.) | 54.6% | 55.4% |
| Beta vs S&P 500 | 1.37 | 1.41 |
| Max drawdown (3Y) | -48.6% | -56.3% |
| Market cap | $87.2B | $114.1B |
| P/E (trailing) | 458.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | DDOG | SNOW |
|---|---|---|
| 2022 | -58.7% | -57.6% |
| 2023 | +65.1% | +38.6% |
| 2024 | +17.7% | -22.4% |
| 2025 | -4.8% | +42.1% |
| 2026 | +78.6% | +50.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DDOG and SNOW good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DDOG and SNOW?
As of 2026-08-27, the correlation of weekly returns between DDOG and SNOW is 0.57 over 3 years, 0.50 over 1 year and 0.66 over 5 years.
Is SNOW a good diversifier for DDOG?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
A reading of 0.57 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-snow.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ddog-vs-snow/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DDOG correlations · SNOW correlations
