TTGT vs WD: Correlation
How closely do TechTarget, Inc. (TTGT) and Walker & Dunlop, Inc (WD) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TTGT and WD?
Across a 3-year window, the weekly returns of TTGT and WD correlate at 0.46, moderate. The link has tightened recently: the 1-year correlation (0.58) runs above the 3-year figure (0.46). Stretching to 5 years gives 0.47, with an annualized covariance of 1100.3 %².
In TTGT's tracked universe of 10 assets, WD sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months TTGT outperformed by 15.3 percentage points (-35.7% for TTGT against -51.0% for WD). Risk is not evenly split, since TTGT carries 1.6 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.
TTGT vs WD: side by side
| TTGT (TechTarget, Inc.) | WD (Walker & Dunlop, Inc) | |
|---|---|---|
| 1-year return | -35.7% | -51.0% |
| 5-year return | -95.3% | -53.5% |
| Volatility (ann.) | 62.4% | 38.5% |
| Beta vs S&P 500 | 1.47 | 1.12 |
| Max drawdown (3Y) | -91.4% | -63.4% |
| Market cap | $0.3B | $1.4B |
| P/E (trailing) | – | 36.0 |
| Dividend yield | 0.00% | 6.70% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TTGT | WD |
|---|---|---|
| 2022 | -53.9% | -46.8% |
| 2023 | -20.9% | +46.0% |
| 2024 | -43.1% | -10.1% |
| 2025 | -72.8% | -35.9% |
| 2026 | -27.6% | -29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TTGT and WD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between TTGT and WD?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.58 over the last year and 0.47 over 5 years.
Is WD a good diversifier for TTGT?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/ttgt-vs-wd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ttgt-vs-wd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TTGT correlations · WD correlations
