DT vs IT: Correlation
Measured on weekly returns over the past three years, Dynatrace, Inc. (DT) and Gartner (IT) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DT and IT?
Over the past 3 years, DT and IT moved with a correlation of 0.59, which is moderate. Recent behaviour matches the longer record: 0.69 over 1 year against 0.59 over 3. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 824.5 %².
Within DT's tracked universe of 26 assets, IT comes in at #6 by 3-year correlation. The last year tells two different stories: DT led by 26.8 percentage points, +6.6% for DT against -20.2% for IT.
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.
DT vs IT: side by side
| DT (Dynatrace, Inc.) | IT (Gartner) | |
|---|---|---|
| 1-year return | +6.6% | -20.2% |
| 5-year return | -21.5% | -36.0% |
| Volatility (ann.) | 34.3% | 40.6% |
| Beta vs S&P 500 | 1.02 | 0.92 |
| Max drawdown (3Y) | -48.2% | -77.2% |
| Market cap | $15.5B | $12.4B |
| P/E (trailing) | 102.8 | 17.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | DT | IT |
|---|---|---|
| 2022 | -36.5% | +0.5% |
| 2023 | +42.8% | +34.2% |
| 2024 | -0.6% | +7.4% |
| 2025 | -20.3% | -47.9% |
| 2026 | +23.3% | -22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DT and IT good diversifiers for each other?
Only partially. A correlation of 0.59 means DT and IT 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 DT and IT?
The DT/IT correlation stands at 0.59 on a 3-year window (1 year: 0.69, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is IT a good diversifier for DT?
Only partially. A correlation of 0.59 means DT and IT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dt-vs-it.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dt-vs-it/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DT correlations · IT correlations
