ACCO vs CNDT: Correlation
How closely do Acco Brands Corporation (ACCO) and Conduent Incorporated (CNDT) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACCO and CNDT?
Across a 3-year window, the weekly returns of ACCO and CNDT correlate at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 1137.1 %².
Among the 22 assets we track against ACCO, CNDT ranks #10 by 3-year correlation. The last year tells two different stories: ACCO led by 56.7 percentage points, +17.8% for ACCO against -38.9% for CNDT.
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.
ACCO vs CNDT: side by side
| ACCO (Acco Brands Corporation) | CNDT (Conduent Incorporated) | |
|---|---|---|
| 1-year return | +17.8% | -38.9% |
| 5-year return | -36.8% | -75.2% |
| Volatility (ann.) | 40.3% | 59.4% |
| Beta vs S&P 500 | 1.19 | 1.11 |
| Max drawdown (3Y) | -50.0% | -73.8% |
| Market cap | $0.4B | $0.3B |
| P/E (trailing) | 6.8 | – |
| Dividend yield | 7.16% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACCO | CNDT |
|---|---|---|
| 2022 | -29.2% | -24.2% |
| 2023 | +15.3% | -9.9% |
| 2024 | -8.7% | +10.7% |
| 2025 | -23.1% | -52.5% |
| 2026 | +22.5% | -9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACCO and CNDT good diversifiers for each other?
Reasonably. At 0.48, ACCO and CNDT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ACCO and CNDT?
As of 2026-08-27, the correlation of weekly returns between ACCO and CNDT is 0.48 over 3 years, 0.48 over 1 year and 0.41 over 5 years.
Is CNDT a good diversifier for ACCO?
Reasonably. At 0.48, ACCO and CNDT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acco-vs-cndt.json
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Related comparisons
Hubs: ACCO correlations · CNDT correlations
