ADP vs SSNC: Correlation
Automatic Data Processing (ADP) and SS&C Technologies Holdings, Inc. (SSNC) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADP and SSNC?
Across a 3-year window, the weekly returns of ADP and SSNC correlate at 0.60, strong. Recent behaviour matches the longer record: 0.61 over 1 year against 0.60 over 3. Stretching to 5 years gives 0.55, with an annualized covariance of 297.4 %².
Among the 43 assets we track against ADP, SSNC ranks #7 by 3-year correlation. Their 12-month results are close: -3.5% for ADP against -5.4% for SSNC.
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 SSNC: side by side
| ADP (Automatic Data Processing) | SSNC (SS&C Technologies Holdings, Inc.) | |
|---|---|---|
| 1-year return | -3.5% | -5.4% |
| 5-year return | +52.0% | +17.5% |
| Volatility (ann.) | 21.7% | 23.0% |
| Beta vs S&P 500 | 0.53 | 0.82 |
| Max drawdown (3Y) | -40.8% | -30.4% |
| Market cap | $113.1B | $19.6B |
| P/E (trailing) | 26.0 | 23.8 |
| Dividend yield | 2.36% | 1.30% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ADP | SSNC |
|---|---|---|
| 2022 | -1.3% | -35.7% |
| 2023 | -0.2% | +19.2% |
| 2024 | +28.4% | +25.8% |
| 2025 | -10.2% | +16.8% |
| 2026 | +12.4% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADP and SSNC good diversifiers for each other?
Only partially. A correlation of 0.60 means ADP and SSNC 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 SSNC?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.61 over the last year and 0.55 over 5 years.
Is SSNC a good diversifier for ADP?
Only partially. A correlation of 0.60 means ADP and SSNC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 mean?
A reading of 0.60 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ADP correlations · SSNC correlations
