GOOG vs RDDT: Correlation
How closely do Alphabet Inc. (Class C) (GOOG) and Reddit (RDDT) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOOG and RDDT?
Over the past 3 years, GOOG and RDDT moved with a correlation of 0.33, which is moderate. The relationship has been stable: the 1-year correlation (0.33) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 785.4 %².
Among the 36 assets we track against GOOG, RDDT ranks #17 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GOOG outperformed by 89.8 percentage points (+62.7% for GOOG against -27.1% for RDDT). The link looks structural: the rolling one-year correlation barely moved, holding between 0.29 and 0.47. Note the risk asymmetry: RDDT runs 2.4 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.
GOOG vs RDDT: side by side
| GOOG (Alphabet Inc. (Class C)) | RDDT (Reddit) | |
|---|---|---|
| 1-year return | +62.7% | -27.1% |
| 5-year return | +134.2% | n/a |
| Volatility (ann.) | 31.1% | 75.2% |
| Beta vs S&P 500 | 1.20 | 2.59 |
| Max drawdown (3Y) | -29.4% | -61.4% |
| Market cap | $4,130.2B | $29.6B |
| P/E (trailing) | 17.0 | 36.1 |
| Dividend yield | 0.25% | 0.00% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | GOOG | RDDT |
|---|---|---|
| 2022 | -38.7% | – |
| 2023 | +58.8% | – |
| 2024 | +35.6% | – |
| 2025 | +65.4% | +40.6% |
| 2026 | +7.8% | -33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOOG and RDDT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GOOG and RDDT?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.33 over the last year and n/a over 5 years.
Is RDDT a good diversifier for GOOG?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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.
Use this data
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Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/goog-vs-rddt/)
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Related comparisons
Hubs: GOOG correlations · RDDT correlations
