GDDY vs WIX: Correlation
Measured on weekly returns over the past three years, GoDaddy (GDDY) and Wix.com Ltd. (WIX) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDDY and WIX?
Over the past 3 years, GDDY and WIX moved with a correlation of 0.49, which is moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.49 over 3. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 964.1 %².
Among the 32 assets we track against GDDY, WIX ranks #8 by 3-year correlation. Neither side won the trailing year by much: -34.4% against -37.1%. Risk is not evenly split, since WIX carries 1.7 times the volatility of the other side.
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 WIX: side by side
| GDDY (GoDaddy) | WIX (Wix.com Ltd.) | |
|---|---|---|
| 1-year return | -34.4% | -37.1% |
| 5-year return | +32.1% | -61.8% |
| Volatility (ann.) | 33.6% | 58.2% |
| Beta vs S&P 500 | 0.93 | 1.22 |
| Max drawdown (3Y) | -65.0% | -83.6% |
| Market cap | $12.3B | $3.6B |
| P/E (trailing) | 14.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | GDDY | WIX |
|---|---|---|
| 2022 | -11.8% | -51.3% |
| 2023 | +41.9% | +60.1% |
| 2024 | +85.9% | +74.4% |
| 2025 | -37.1% | -51.6% |
| 2026 | -21.8% | -17.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDDY and WIX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GDDY and WIX?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.49 over the last year and 0.50 over 5 years.
Is WIX a good diversifier for GDDY?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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-wix.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gddy-vs-wix/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GDDY correlations · WIX correlations
