MDB vs NET: Correlation
MongoDB, Inc. (MDB) and Cloudflare, Inc. (NET) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDB and NET?
Across a 3-year window, the weekly returns of MDB and NET correlate at 0.51, moderate. The link has loosened recently: the 1-year correlation (0.36) runs below the 3-year figure (0.51). Stretching to 5 years gives 0.60, with an annualized covariance of 1749.7 %².
Among the 14 assets we track against MDB, NET ranks #5 by 3-year correlation. Their 12-month results are close: +49.0% for MDB against +50.2% for NET.
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.
MDB vs NET: side by side
| MDB (MongoDB, Inc.) | NET (Cloudflare, Inc.) | |
|---|---|---|
| 1-year return | +49.0% | +50.2% |
| 5-year return | +11.2% | +149.7% |
| Volatility (ann.) | 63.4% | 53.7% |
| Beta vs S&P 500 | 1.93 | 1.68 |
| Max drawdown (3Y) | -70.9% | -45.0% |
| Market cap | $35.4B | $109.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MDB | NET |
|---|---|---|
| 2022 | -62.8% | -65.6% |
| 2023 | +107.7% | +84.2% |
| 2024 | -43.1% | +29.3% |
| 2025 | +80.3% | +83.1% |
| 2026 | +5.0% | +56.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDB and NET 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 MDB and NET?
As of 2026-08-27, the correlation of weekly returns between MDB and NET is 0.51 over 3 years, 0.36 over 1 year and 0.60 over 5 years.
Is NET a good diversifier for MDB?
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?
On the −1 to +1 scale, 0.51 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
$ curl https://www.pairbook.io/api/v1/pairs/mdb-vs-net.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mdb-vs-net/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MDB correlations · NET correlations
