GDDY vs TYGO: Correlation
How closely do GoDaddy (GDDY) and Tigo Energy, Inc. (TYGO) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDDY and TYGO?
Across a 3-year window, the weekly returns of GDDY and TYGO correlate at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.33) than the 3-year average (-0.21). Stretching to 5 years gives -0.14, with an annualized covariance of -725.6 %².
Within GDDY's tracked universe of 32 assets, TYGO comes in at #25 by 3-year correlation. The last year tells two different stories: TYGO led by 16.0 percentage points, -34.4% for GDDY against -18.4% for TYGO. Note the risk asymmetry: TYGO runs 3.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TYGO: side by side
| GDDY (GoDaddy) | TYGO (Tigo Energy, Inc.) | |
|---|---|---|
| 1-year return | -34.4% | -18.4% |
| 5-year return | +32.1% | -88.7% |
| Volatility (ann.) | 33.6% | 100.4% |
| Beta vs S&P 500 | 0.93 | 0.62 |
| Max drawdown (3Y) | -65.0% | -94.1% |
| Market cap | $12.3B | $0.1B |
| P/E (trailing) | 14.4 | 6.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | GDDY | TYGO |
|---|---|---|
| 2022 | -11.8% | +3.0% |
| 2023 | +41.9% | -79.5% |
| 2024 | +85.9% | -52.9% |
| 2025 | -37.1% | +40.1% |
| 2026 | -21.8% | -19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDDY and TYGO good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GDDY and TYGO?
The GDDY/TYGO correlation stands at -0.21 on a 3-year window (1 year: -0.33, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is TYGO a good diversifier for GDDY?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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.
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Related comparisons
Hubs: GDDY correlations · TYGO correlations
