ADSK vs DT: Correlation
Measured on weekly returns over the past three years, Autodesk (ADSK) and Dynatrace, Inc. (DT) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADSK and DT?
On 3 years of weekly data the ADSK/DT correlation comes out at 0.59, moderate. Recent behaviour matches the longer record: 0.66 over 1 year against 0.59 over 3. The 5-year figure is 0.60, and annualized covariance runs at 621.3 %².
Among the 44 assets we track against ADSK, DT ranks #11 by 3-year correlation. The trailing year gives DT the advantage: -5.4% versus +6.6%, a 12.0-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.
ADSK vs DT: side by side
| ADSK (Autodesk) | DT (Dynatrace, Inc.) | |
|---|---|---|
| 1-year return | -5.4% | +6.6% |
| 5-year return | -13.7% | -21.5% |
| Volatility (ann.) | 30.9% | 34.3% |
| Beta vs S&P 500 | 1.04 | 1.02 |
| Max drawdown (3Y) | -42.6% | -48.2% |
| Market cap | $57.1B | $15.5B |
| P/E (trailing) | 37.2 | 102.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADSK | DT |
|---|---|---|
| 2022 | -33.5% | -36.5% |
| 2023 | +30.3% | +42.8% |
| 2024 | +21.4% | -0.6% |
| 2025 | +0.1% | -20.3% |
| 2026 | -8.6% | +23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSK and DT good diversifiers for each other?
Only partially. A correlation of 0.59 means ADSK and DT 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 ADSK and DT?
As of 2026-08-27, the correlation of weekly returns between ADSK and DT is 0.59 over 3 years, 0.66 over 1 year and 0.60 over 5 years.
Is DT a good diversifier for ADSK?
Only partially. A correlation of 0.59 means ADSK and DT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 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
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Related comparisons
Hubs: ADSK correlations · DT correlations
