GOGO vs TTD: Correlation
How closely do Gogo Inc. (GOGO) and Trade Desk (The) (TTD) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOGO and TTD?
Across a 3-year window, the weekly returns of GOGO and TTD correlate at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Stretching to 5 years gives 0.29, with an annualized covariance of 1719.2 %².
TTD is one of the assets that tracks GOGO most closely: it ranks #1 out of the 10 assets we track against GOGO. Their 12-month results are close: -75.7% for GOGO against -74.5% for TTD.
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.
GOGO vs TTD: side by side
| GOGO (Gogo Inc.) | TTD (Trade Desk (The)) | |
|---|---|---|
| 1-year return | -75.7% | -74.5% |
| 5-year return | -80.0% | -83.4% |
| Volatility (ann.) | 62.7% | 60.7% |
| Beta vs S&P 500 | 1.06 | 1.23 |
| Max drawdown (3Y) | -84.5% | -90.7% |
| Market cap | $0.4B | $6.3B |
| P/E (trailing) | – | 15.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | GOGO | TTD |
|---|---|---|
| 2022 | +9.1% | -51.1% |
| 2023 | -31.4% | +60.5% |
| 2024 | -20.1% | +63.3% |
| 2025 | -42.4% | -67.7% |
| 2026 | -41.4% | -64.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOGO and TTD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GOGO and TTD?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.48 over the last year and 0.29 over 5 years.
Is TTD a good diversifier for GOGO?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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/gogo-vs-ttd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gogo-vs-ttd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GOGO correlations · TTD correlations
