DT vs VTEX: Correlation
Measured on weekly returns over the past three years, Dynatrace, Inc. (DT) and VTEX Class A (VTEX) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DT and VTEX?
Over the past 3 years, DT and VTEX moved with a correlation of 0.41, which is moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.41 over 3. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 621.8 %².
Among the 26 assets we track against DT, VTEX sits near the bottom by co-movement, at rank #22. The last year tells two different stories: DT led by 19.0 percentage points, +6.6% for DT against -12.4% for VTEX.
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 VTEX: side by side
| DT (Dynatrace, Inc.) | VTEX (VTEX Class A) | |
|---|---|---|
| 1-year return | +6.6% | -12.4% |
| 5-year return | -21.5% | -86.1% |
| Volatility (ann.) | 34.3% | 44.3% |
| Beta vs S&P 500 | 1.02 | 0.67 |
| Max drawdown (3Y) | -48.2% | -69.5% |
| Market cap | $15.5B | $0.6B |
| P/E (trailing) | 102.8 | 22.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DT | VTEX |
|---|---|---|
| 2022 | -36.5% | -65.0% |
| 2023 | +42.8% | +83.5% |
| 2024 | -0.6% | -14.4% |
| 2025 | -20.3% | -36.2% |
| 2026 | +23.3% | -6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DT and VTEX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DT and VTEX?
The DT/VTEX correlation stands at 0.41 on a 3-year window (1 year: 0.41, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is VTEX a good diversifier for DT?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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-vtex.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dt-vs-vtex/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DT correlations · VTEX correlations
