GDDY vs IT: Correlation
GoDaddy (GDDY) and Gartner (IT) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDDY and IT?
Across a 3-year window, the weekly returns of GDDY and IT correlate at 0.58, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.45 versus 0.58 over 3 years. Stretching to 5 years gives 0.56, with an annualized covariance of 786.0 %².
In GDDY's tracked universe of 32 assets, IT sits right near the top at #2. Over the last 12 months IT came out ahead by 14.2 percentage points (-34.4% against -20.2%). On a rolling one-year basis the correlation drifted between 0.34 and 0.77, a moderate band.
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.
GDDY vs IT: side by side
| GDDY (GoDaddy) | IT (Gartner) | |
|---|---|---|
| 1-year return | -34.4% | -20.2% |
| 5-year return | +32.1% | -36.0% |
| Volatility (ann.) | 33.6% | 40.6% |
| Beta vs S&P 500 | 0.93 | 0.92 |
| Max drawdown (3Y) | -65.0% | -77.2% |
| Market cap | $12.3B | $12.4B |
| P/E (trailing) | 14.4 | 17.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | GDDY | IT |
|---|---|---|
| 2022 | -11.8% | +0.5% |
| 2023 | +41.9% | +34.2% |
| 2024 | +85.9% | +7.4% |
| 2025 | -37.1% | -47.9% |
| 2026 | -21.8% | -22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDDY and IT good diversifiers for each other?
To a limited degree. At 0.58 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 GDDY and IT?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.45 over the last year and 0.56 over 5 years.
Is IT a good diversifier for GDDY?
To a limited degree. At 0.58 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 0.58 mean?
A reading of 0.58 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/gddy-vs-it.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gddy-vs-it/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GDDY correlations · IT correlations
