ACN vs CBZ: Correlation
How closely do Accenture (ACN) and CBIZ, Inc. (CBZ) 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 ACN and CBZ?
On 3 years of weekly data the ACN/CBZ correlation comes out at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 819.6 %².
By 3-year correlation, CBZ places #13 of the 37 assets tracked against ACN. The trailing year gives CBZ the advantage: -25.6% versus -16.9%, a 8.7-point spread.
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.
ACN vs CBZ: side by side
| ACN (Accenture) | CBZ (CBIZ, Inc.) | |
|---|---|---|
| 1-year return | -25.6% | -16.9% |
| 5-year return | -39.6% | +61.7% |
| Volatility (ann.) | 32.6% | 44.6% |
| Beta vs S&P 500 | 0.69 | 1.02 |
| Max drawdown (3Y) | -68.2% | -71.6% |
| Market cap | $114.7B | $3.0B |
| P/E (trailing) | 14.5 | 26.3 |
| Dividend yield | 3.59% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ACN | CBZ |
|---|---|---|
| 2022 | -34.8% | +19.8% |
| 2023 | +33.6% | +33.6% |
| 2024 | +1.9% | +30.7% |
| 2025 | -22.6% | -38.3% |
| 2026 | -28.7% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACN and CBZ good diversifiers for each other?
Only partially. A correlation of 0.56 means ACN and CBZ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ACN and CBZ?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.64 over the last year and 0.55 over 5 years.
Is CBZ a good diversifier for ACN?
Only partially. A correlation of 0.56 means ACN and CBZ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
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/acn-vs-cbz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acn-vs-cbz/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACN correlations · CBZ correlations
