DT vs LSPD: Correlation
Measured on weekly returns over the past three years, Dynatrace, Inc. (DT) and Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DT and LSPD?
On 3 years of weekly data the DT/LSPD correlation comes out at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. The 5-year figure is 0.57, and annualized covariance runs at 926.8 %².
By 3-year correlation, LSPD places #12 of the 26 assets tracked against DT. Correlation aside, the last 12 months split them widely, with DT ahead by 18.2 points (+6.6% versus -11.6%).
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 LSPD: side by side
| DT (Dynatrace, Inc.) | LSPD (Lightspeed Commerce Inc. Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | +6.6% | -11.6% |
| 5-year return | -21.5% | -90.0% |
| Volatility (ann.) | 34.3% | 48.1% |
| Beta vs S&P 500 | 1.02 | 1.83 |
| Max drawdown (3Y) | -48.2% | -62.7% |
| Market cap | $15.5B | $1.4B |
| P/E (trailing) | 102.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DT | LSPD |
|---|---|---|
| 2022 | -36.5% | -64.6% |
| 2023 | +42.8% | +46.8% |
| 2024 | -0.6% | -27.4% |
| 2025 | -20.3% | -20.7% |
| 2026 | +23.3% | -10.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DT and LSPD good diversifiers for each other?
To a limited degree. At 0.56 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 DT and LSPD?
The DT/LSPD correlation stands at 0.56 on a 3-year window (1 year: 0.53, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is LSPD a good diversifier for DT?
To a limited degree. At 0.56 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 0.56 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/dt-vs-lspd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dt-vs-lspd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DT correlations · LSPD correlations
