ADSK vs EXLS: Correlation
Autodesk (ADSK) and ExlService Holdings, Inc. (EXLS) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADSK and EXLS?
On 3 years of weekly data the ADSK/EXLS correlation comes out at 0.59, moderate. Recent behaviour matches the longer record: 0.69 over 1 year against 0.59 over 3. The 5-year figure is 0.54, and annualized covariance runs at 575.9 %².
By 3-year correlation, EXLS places #12 of the 44 assets tracked against ADSK. On 12-month performance ADSK holds a 8.0-point edge, -5.4% against -13.4%.
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 EXLS: side by side
| ADSK (Autodesk) | EXLS (ExlService Holdings, Inc.) | |
|---|---|---|
| 1-year return | -5.4% | -13.4% |
| 5-year return | -13.7% | +55.2% |
| Volatility (ann.) | 30.9% | 31.7% |
| Beta vs S&P 500 | 1.04 | 0.77 |
| Max drawdown (3Y) | -42.6% | -51.3% |
| Market cap | $57.1B | $5.8B |
| P/E (trailing) | 37.2 | 23.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADSK | EXLS |
|---|---|---|
| 2022 | -33.5% | +17.0% |
| 2023 | +30.3% | -9.0% |
| 2024 | +21.4% | +43.9% |
| 2025 | +0.1% | -4.4% |
| 2026 | -8.6% | -10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSK and EXLS good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADSK and EXLS?
The ADSK/EXLS correlation stands at 0.59 on a 3-year window (1 year: 0.69, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is EXLS a good diversifier for ADSK?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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-exls.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adsk-vs-exls/)
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Related comparisons
Hubs: ADSK correlations · EXLS correlations
