DDOG vs. AEVA

Last updated Jun 9, 2026

DDOG (Datadog, Inc.) and AEVA (Aeva Technologies, Inc.) are both stocks. DDOG operates in Software - Application (Technology), while AEVA operates in Auto Parts (Consumer Cyclical). Over the past 5 years, DDOG returned 20.36%/yr vs -16.40%/yr for AEVA. At a 0.34 correlation, their price movements are largely independent.

Performance

DDOG vs. AEVA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Datadog, Inc. (DDOG) and Aeva Technologies, Inc. (AEVA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with DDOG having a 70.37% return and AEVA slightly higher at 73.87%.

DDOG

• 1D: -1.04%
• 1M: 15.75%
• YTD: 70.37%
• 6M: 50.17%
• 1Y: 89.65%
• 3Y*: 34.31%
• 5Y*: 20.36%
• 10Y*: —

AEVA

• 1D: 0.35%
• 1M: 70.15%
• YTD: 73.87%
• 6M: 53.02%
• 1Y: 10.48%
• 3Y*: 49.22%
• 5Y*: -16.40%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DDOG vs. AEVA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DDOG Datadog, Inc.	70.37%	-4.83%	17.72%	65.14%	-58.73%	80.93%	124.19%
AEVA Aeva Technologies, Inc.	73.87%	179.58%	25.38%	-44.29%	-82.01%	-48.01%	51.46%

Correlation

The correlation between DDOG and AEVA is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (All Time) Calculated using the full available price history since Feb 27, 2020	0.34

The correlation between DDOG and AEVA shifts across timeframes, from 0.24 (3 years) to 0.36 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap DDOG : $84.50B AEVA : $1.45B
EPS DDOG : $0.37 AEVA : -$2.52
PS Ratio DDOG : 22.93 AEVA : 63.51
Total Revenue (TTM) DDOG : $3.67B AEVA : $20.97M
Gross Profit (TTM) DDOG : $2.93B AEVA : $971.00K
EBITDA (TTM) DDOG : $173.48M AEVA : $21.17M

Return for Risk

DDOG vs. AEVA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DDOG

DDOG Risk / Return Rank: 78
DDOG Sharpe Ratio Rank: 80
DDOG Sortino Ratio Rank: 83
DDOG Omega Ratio Rank: 81
DDOG Calmar Ratio Rank: 74
DDOG Martin Ratio Rank: 71

AEVA

AEVA Risk / Return Rank: 49
AEVA Sharpe Ratio Rank: 46
AEVA Sortino Ratio Rank: 55
AEVA Omega Ratio Rank: 53
AEVA Calmar Ratio Rank: 46
AEVA Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DDOG vs. AEVA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Datadog, Inc. (DDOG) and Aeva Technologies, Inc. (AEVA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DDOG	AEVA	Difference
Sharpe ratio: Return per unit of total volatility	1.38	0.09	+1.28
Sortino ratio: Return per unit of downside risk	2.47	1.00	+1.47
Omega ratio: Gain probability vs. loss probability	1.30	1.12	+0.19
Calmar ratio: Return relative to maximum drawdown	1.85	0.14	+1.71
Martin ratio: Return relative to average drawdown	3.63	0.19	+3.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DDOG vs. AEVA - Sharpe Ratio Comparison

The current DDOG Sharpe Ratio is 1.38, which is higher than the AEVA Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of DDOG and AEVA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DDOG	AEVA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	0.09	+1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	-0.17	+0.52
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	-0.12	+0.65

Drawdowns

DDOG vs. AEVA - Drawdown Comparison

The maximum DDOG drawdown since its inception was -68.11%, smaller than the maximum AEVA drawdown of -97.71%. Use the drawdown chart below to compare losses from any high point for DDOG and AEVA.

Drawdown Indicators

	DDOG	AEVA	Difference
Max Drawdown Largest peak-to-trough decline	-68.11%	-97.71%	+29.60%
Max Drawdown (1Y) Largest decline over 1 year	-48.62%	-75.68%	+27.06%
Max Drawdown (3Y) Largest decline over 3 years	-48.62%	-75.68%	+27.06%
Max Drawdown (5Y) Largest decline over 5 years	-68.11%	-96.02%	+27.91%
Current Drawdown Current decline from peak	-16.51%	-76.91%	+60.40%
Average Drawdown Average peak-to-trough decline	-30.87%	-70.68%	+39.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.77%	55.91%	-31.14%

Volatility

DDOG vs. AEVA - Volatility Comparison

The current volatility for Datadog, Inc. (DDOG) is 19.53%, while Aeva Technologies, Inc. (AEVA) has a volatility of 39.11%. This indicates that DDOG experiences smaller price fluctuations and is considered to be less risky than AEVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DDOG	AEVA	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.53%	39.11%	-19.58%
Volatility (6M) Calculated over the trailing 6-month period	50.44%	78.74%	-28.30%
Volatility (1Y) Calculated over the trailing 1-year period	65.67%	114.82%	-49.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.25%	97.00%	-38.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.06%	91.35%	-31.29%

Dividends

DDOG vs. AEVA - Dividend Comparison

Neither DDOG nor AEVA has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both DDOG and AEVA in my portfolio?

DDOG and AEVA have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DDOG or AEVA?

AEVA has higher volatility (39.11%) compared to DDOG (19.53%). In terms of maximum drawdown, DDOG dropped -68.11% vs AEVA's -97.71%.

Which has better risk-adjusted returns?

DDOG currently has the higher Sharpe Ratio (1.38 vs 0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.