ADP vs TYL: Correlation
Automatic Data Processing (ADP) and Tyler Technologies (TYL) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADP and TYL?
Over the past 3 years, ADP and TYL moved with a correlation of 0.50, which is moderate. The past 12 months show a tighter link (0.67) than the 3-year average (0.50). Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 323.8 %².
Among the 43 assets we track against ADP, TYL ranks #21 by 3-year correlation. The last year tells two different stories: ADP led by 30.5 percentage points, -3.5% for ADP against -34.0% for TYL. This link changes with the market regime, having swung between 0.12 and 0.67 on a rolling one-year basis.
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 TYL: side by side
| ADP (Automatic Data Processing) | TYL (Tyler Technologies) | |
|---|---|---|
| 1-year return | -3.5% | -34.0% |
| 5-year return | +52.0% | -22.5% |
| Volatility (ann.) | 21.7% | 29.6% |
| Beta vs S&P 500 | 0.53 | 0.61 |
| Max drawdown (3Y) | -40.8% | -57.4% |
| Market cap | $113.1B | $15.1B |
| P/E (trailing) | 26.0 | 46.3 |
| Dividend yield | 2.36% | 0.00% |
| Sector / category | Industrials | Information Technology |
Year-by-year returns
| Year | ADP | TYL |
|---|---|---|
| 2022 | -1.3% | -40.1% |
| 2023 | -0.2% | +29.7% |
| 2024 | +28.4% | +37.9% |
| 2025 | -10.2% | -21.3% |
| 2026 | +12.4% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADP and TYL good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ADP and TYL?
As of 2026-08-27, the correlation of weekly returns between ADP and TYL is 0.50 over 3 years, 0.67 over 1 year and 0.55 over 5 years.
Is TYL a good diversifier for ADP?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 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/adp-vs-tyl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adp-vs-tyl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADP correlations · TYL correlations
