GDDY vs PAR: Correlation
Measured on weekly returns over the past three years, GoDaddy (GDDY) and PAR Technology Corporation (PAR) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDDY and PAR?
Over the past 3 years, GDDY and PAR moved with a correlation of 0.51, which is moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 967.5 %².
By 3-year correlation, PAR places #4 of the 32 assets tracked against GDDY. The last year tells two different stories: GDDY led by 28.8 percentage points, -34.4% for GDDY against -63.2% for PAR. One caveat on sizing: PAR 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.
GDDY vs PAR: side by side
| GDDY (GoDaddy) | PAR (PAR Technology Corporation) | |
|---|---|---|
| 1-year return | -34.4% | -63.2% |
| 5-year return | +32.1% | -71.7% |
| Volatility (ann.) | 33.6% | 56.2% |
| Beta vs S&P 500 | 0.93 | 1.72 |
| Max drawdown (3Y) | -65.0% | -85.4% |
| Market cap | $12.3B | $0.8B |
| P/E (trailing) | 14.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | GDDY | PAR |
|---|---|---|
| 2022 | -11.8% | -50.6% |
| 2023 | +41.9% | +67.0% |
| 2024 | +85.9% | +66.9% |
| 2025 | -37.1% | -50.1% |
| 2026 | -21.8% | -47.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDDY and PAR good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GDDY and PAR?
The GDDY/PAR correlation stands at 0.51 on a 3-year window (1 year: 0.43, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is PAR a good diversifier for GDDY?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 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-par.json
Markdown for the live badge, attribution link included:
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GDDY correlations · PAR correlations
