ADP vs FDS: Correlation
How closely do Automatic Data Processing (ADP) and FactSet (FDS) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADP and FDS?
On 3 years of weekly data the ADP/FDS correlation comes out at 0.54, moderate. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. The 5-year figure is 0.59, and annualized covariance runs at 375.1 %².
By 3-year correlation, FDS places #16 of the 43 assets tracked against ADP. Their recent paths diverged sharply: over the last 12 months ADP outperformed by 15.1 percentage points (-3.5% for ADP against -18.6% for FDS). Across three years, the rolling one-year figure varied moderately, from 0.35 to 0.72.
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.
ADP vs FDS: side by side
| ADP (Automatic Data Processing) | FDS (FactSet) | |
|---|---|---|
| 1-year return | -3.5% | -18.6% |
| 5-year return | +52.0% | -15.8% |
| Volatility (ann.) | 21.7% | 31.9% |
| Beta vs S&P 500 | 0.53 | 0.56 |
| Max drawdown (3Y) | -40.8% | -61.1% |
| Market cap | $113.1B | $10.8B |
| P/E (trailing) | 26.0 | 19.5 |
| Dividend yield | 2.36% | 1.51% |
| Sector / category | Industrials | Financials |
Year-by-year returns
| Year | ADP | FDS |
|---|---|---|
| 2022 | -1.3% | -16.7% |
| 2023 | -0.2% | +20.0% |
| 2024 | +28.4% | +1.6% |
| 2025 | -10.2% | -38.9% |
| 2026 | +12.4% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADP and FDS good diversifiers for each other?
Only partially. A correlation of 0.54 means ADP and FDS 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 ADP and FDS?
The ADP/FDS correlation stands at 0.54 on a 3-year window (1 year: 0.61, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is FDS a good diversifier for ADP?
Only partially. A correlation of 0.54 means ADP and FDS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
A reading of 0.54 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/adp-vs-fds.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adp-vs-fds/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADP correlations · FDS correlations
