DDOG vs ZS: Correlation
Measured on weekly returns over the past three years, Datadog (DDOG) and Zscaler, Inc. (ZS) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DDOG and ZS?
Over the past 3 years, DDOG and ZS moved with a correlation of 0.52, which is moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 1302.9 %².
Within DDOG's tracked universe of 30 assets, ZS comes in at #7 by 3-year correlation. The last year tells two different stories: DDOG led by 115.8 percentage points, +84.4% for DDOG against -31.4% for ZS.
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 ZS: side by side
| DDOG (Datadog) | ZS (Zscaler, Inc.) | |
|---|---|---|
| 1-year return | +84.4% | -31.4% |
| 5-year return | +77.8% | -32.7% |
| Volatility (ann.) | 54.6% | 45.7% |
| Beta vs S&P 500 | 1.37 | 1.47 |
| Max drawdown (3Y) | -48.6% | -64.9% |
| Market cap | $87.2B | $30.3B |
| P/E (trailing) | 458.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | DDOG | ZS |
|---|---|---|
| 2022 | -58.7% | -65.2% |
| 2023 | +65.1% | +98.0% |
| 2024 | +17.7% | -18.6% |
| 2025 | -4.8% | +24.7% |
| 2026 | +78.6% | -16.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DDOG and ZS good diversifiers for each other?
Only partially. A correlation of 0.52 means DDOG and ZS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DDOG and ZS?
As of 2026-08-27, the correlation of weekly returns between DDOG and ZS is 0.52 over 3 years, 0.50 over 1 year and 0.61 over 5 years.
Is ZS a good diversifier for DDOG?
Only partially. A correlation of 0.52 means DDOG and ZS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
A reading of 0.52 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-zs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ddog-vs-zs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DDOG correlations · ZS correlations
