DDOG vs. CFLT

Last updated Jun 5, 2026

DDOG (Datadog, Inc.) and CFLT (Confluent, Inc.) are both stocks. Both are in the Technology sector — DDOG in Software - Application, CFLT in Software - Infrastructure. A 0.62 correlation means they provide meaningful diversification when combined.

Performance

DDOG vs. CFLT - Performance Comparison

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

Returns By Period

DDOG

• 1D: -2.69%
• 1M: 67.16%
• YTD: 79.13%
• 6M: 59.22%
• 1Y: 103.51%
• 3Y*: 34.40%
• 5Y*: 22.46%
• 10Y*: —

CFLT

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDOG vs. CFLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DDOG Datadog, Inc.	79.13%	-4.83%	17.72%	65.14%	-58.73%	67.33%
CFLT Confluent, Inc.	2.48%	8.15%	19.49%	5.22%	-70.83%	69.35%

Correlation

The correlation between DDOG and CFLT is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021	0.62

Over the past year, the correlation between DDOG and CFLT has dropped to 0.32 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.

Fundamentals

Market Cap DDOG : $88.85B CFLT : $10.90B
EPS DDOG : $0.37 CFLT : -$0.85
PS Ratio DDOG : 24.11 CFLT : 9.20
PB Ratio DDOG : 22.28 CFLT : 9.33
Total Revenue (TTM) DDOG : $3.67B CFLT : $1.17B
Gross Profit (TTM) DDOG : $2.93B CFLT : $866.84M
EBITDA (TTM) DDOG : $173.48M CFLT : -$339.97M

Return for Risk

DDOG vs. CFLT — Risk / Return Rank

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

DDOG

DDOG Risk / Return Rank: 80
DDOG Sharpe Ratio Rank: 83
DDOG Sortino Ratio Rank: 85
DDOG Omega Ratio Rank: 83
DDOG Calmar Ratio Rank: 76
DDOG Martin Ratio Rank: 73

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. CFLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Datadog, Inc. (DDOG) and Confluent, Inc. (CFLT). 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	CFLT	Difference
Sharpe ratio: Return per unit of total volatility	1.59	—	—
Sortino ratio: Return per unit of downside risk	2.69	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.14	—	—
Martin ratio: Return relative to average drawdown	4.20	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DDOG	CFLT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	—	—

Drawdowns

Drawdown Indicators

	DDOG	CFLT	Difference
Max Drawdown Largest peak-to-trough decline	-68.11%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-48.62%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-48.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-68.11%	—	—
Current Drawdown Current decline from peak	-12.21%	—	—
Average Drawdown Average peak-to-trough decline	-30.89%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	24.73%	—	—

Volatility

Volatility by Period

	DDOG	CFLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	50.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	65.40%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.23%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.07%	—	—

Dividends

DDOG vs. CFLT - Dividend Comparison

Neither DDOG nor CFLT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

DDOG vs. CFLT - Profitability Comparison

The chart below illustrates the profitability comparison between Datadog, Inc. and Confluent, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

DDOG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Datadog, Inc. reported a gross profit of 797.20M and revenue of 1.01B. Therefore, the gross margin over that period was 79.2%.

CFLT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Confluent, Inc. reported a gross profit of 235.16M and revenue of 314.82M. Therefore, the gross margin over that period was 74.7%.

DDOG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Datadog, Inc. reported an operating income of 7.33M and revenue of 1.01B, resulting in an operating margin of 0.7%.

CFLT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Confluent, Inc. reported an operating income of -99.17M and revenue of 314.82M, resulting in an operating margin of -31.5%.

DDOG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Datadog, Inc. reported a net income of 52.57M and revenue of 1.01B, resulting in a net margin of 5.2%.

CFLT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Confluent, Inc. reported a net income of -79.25M and revenue of 314.82M, resulting in a net margin of -25.2%.

Frequently Asked Questions

Can I hold both DDOG and CFLT in my portfolio?

DDOG and CFLT have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.