MDB vs SNOW: Correlation
How closely do MongoDB, Inc. (MDB) and Snowflake Inc. (SNOW) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDB and SNOW?
Over the past 3 years, MDB and SNOW moved with a correlation of 0.56, which is moderate. The past 12 months show a weaker link (0.34) than the 3-year average (0.56). Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 1973.5 %².
In MDB's tracked universe of 14 assets, SNOW sits right near the top at #2. Correlation aside, the last 12 months split them widely, with SNOW ahead by 15.2 points (+49.0% versus +64.2%).
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 SNOW: side by side
| MDB (MongoDB, Inc.) | SNOW (Snowflake Inc.) | |
|---|---|---|
| 1-year return | +49.0% | +64.2% |
| 5-year return | +11.2% | +10.5% |
| Volatility (ann.) | 63.4% | 55.4% |
| Beta vs S&P 500 | 1.93 | 1.41 |
| Max drawdown (3Y) | -70.9% | -56.3% |
| Market cap | $35.4B | $114.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MDB | SNOW |
|---|---|---|
| 2022 | -62.8% | -57.6% |
| 2023 | +107.7% | +38.6% |
| 2024 | -43.1% | -22.4% |
| 2025 | +80.3% | +42.1% |
| 2026 | +5.0% | +50.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDB and SNOW good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MDB and SNOW?
As of 2026-08-27, the correlation of weekly returns between MDB and SNOW is 0.56 over 3 years, 0.34 over 1 year and 0.66 over 5 years.
Is SNOW a good diversifier for MDB?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
A reading of 0.56 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/mdb-vs-snow.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mdb-vs-snow/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MDB correlations · SNOW correlations
