DT vs SNAP: Correlation
How closely do Dynatrace, Inc. (DT) and Snap Inc. (SNAP) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DT and SNAP?
Across a 3-year window, the weekly returns of DT and SNAP correlate at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 951.8 %².
By 3-year correlation, SNAP places #17 of the 26 assets tracked against DT. Their recent paths diverged sharply: over the last 12 months DT outperformed by 30.3 percentage points (+6.6% for DT against -23.7% for SNAP). One caveat on sizing: SNAP is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SNAP: side by side
| DT (Dynatrace, Inc.) | SNAP (Snap Inc.) | |
|---|---|---|
| 1-year return | +6.6% | -23.7% |
| 5-year return | -21.5% | -92.8% |
| Volatility (ann.) | 34.3% | 59.8% |
| Beta vs S&P 500 | 1.02 | 1.59 |
| Max drawdown (3Y) | -48.2% | -77.5% |
| Market cap | $15.5B | $9.0B |
| P/E (trailing) | 102.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DT | SNAP |
|---|---|---|
| 2022 | -36.5% | -81.0% |
| 2023 | +42.8% | +89.2% |
| 2024 | -0.6% | -36.4% |
| 2025 | -20.3% | -25.1% |
| 2026 | +23.3% | -34.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DT and SNAP good diversifiers for each other?
Reasonably. At 0.46, DT and SNAP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DT and SNAP?
The DT/SNAP correlation stands at 0.46 on a 3-year window (1 year: 0.45, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is SNAP a good diversifier for DT?
Reasonably. At 0.46, DT and SNAP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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-snap.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dt-vs-snap/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DT correlations · SNAP correlations
