ADSK vs DBX: Correlation
How closely do Autodesk (ADSK) and Dropbox, Inc. (DBX) 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 ADSK and DBX?
Over the past 3 years, ADSK and DBX moved with a correlation of 0.54, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.65 versus 0.54 over 3 years. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 548.2 %².
Within ADSK's tracked universe of 44 assets, DBX comes in at #21 by 3-year correlation. The last year tells two different stories: DBX led by 29.9 percentage points, -5.4% for ADSK against +24.5% for DBX.
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.
ADSK vs DBX: side by side
| ADSK (Autodesk) | DBX (Dropbox, Inc.) | |
|---|---|---|
| 1-year return | -5.4% | +24.5% |
| 5-year return | -13.7% | +14.9% |
| Volatility (ann.) | 30.9% | 32.7% |
| Beta vs S&P 500 | 1.04 | 0.86 |
| Max drawdown (3Y) | -42.6% | -37.4% |
| Market cap | $57.1B | $7.8B |
| P/E (trailing) | 37.2 | 19.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADSK | DBX |
|---|---|---|
| 2022 | -33.5% | -8.8% |
| 2023 | +30.3% | +31.7% |
| 2024 | +21.4% | +1.9% |
| 2025 | +0.1% | -7.5% |
| 2026 | -8.6% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSK and DBX good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADSK and DBX?
As of 2026-08-27, the correlation of weekly returns between ADSK and DBX is 0.54 over 3 years, 0.65 over 1 year and 0.57 over 5 years.
Is DBX a good diversifier for ADSK?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adsk-vs-dbx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adsk-vs-dbx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADSK correlations · DBX correlations
