ADSK vs EXC: Correlation
How closely do Autodesk (ADSK) and Exelon (EXC) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADSK and EXC?
On 3 years of weekly data the ADSK/EXC correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.14 over 1 year against -0.22 over 3. The 5-year figure is 0.09, and annualized covariance runs at -133.0 %².
Within ADSK's tracked universe of 44 assets, EXC comes in at #38 by 3-year correlation. On 12-month performance EXC holds a 7.1-point edge, -5.4% against +1.7%. The relationship is regime-dependent: the rolling one-year correlation swung between -0.40 and 0.38 over the past three years, so this pair behaves very differently depending on the market environment. Note the risk asymmetry: ADSK runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 EXC: side by side
| ADSK (Autodesk) | EXC (Exelon) | |
|---|---|---|
| 1-year return | -5.4% | +1.7% |
| 5-year return | -13.7% | +48.1% |
| Volatility (ann.) | 30.9% | 19.4% |
| Beta vs S&P 500 | 1.04 | -0.05 |
| Max drawdown (3Y) | -42.6% | -18.9% |
| Market cap | $57.1B | $45.3B |
| P/E (trailing) | 37.2 | 16.3 |
| Dividend yield | 0.00% | 3.69% |
| Sector / category | Information Technology | Utilities |
Year-by-year returns
| Year | ADSK | EXC |
|---|---|---|
| 2022 | -33.5% | +8.3% |
| 2023 | +30.3% | -14.0% |
| 2024 | +21.4% | +9.2% |
| 2025 | +0.1% | +20.0% |
| 2026 | -8.6% | +2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSK and EXC good diversifiers for each other?
Yes. With a correlation of -0.22, ADSK and EXC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ADSK and EXC?
The ADSK/EXC correlation stands at -0.22 on a 3-year window (1 year: -0.14, 5 years: 0.09), computed from weekly returns as of 2026-08-27.
Is EXC a good diversifier for ADSK?
Yes. With a correlation of -0.22, ADSK and EXC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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.
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Related comparisons
Hubs: ADSK correlations · EXC correlations
