ADSK vs PTC: Correlation
Autodesk (ADSK) and PTC Inc. (PTC) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADSK and PTC?
On 3 years of weekly data the ADSK/PTC correlation comes out at 0.61, strong. The past 12 months show a tighter link (0.78) than the 3-year average (0.61). The 5-year figure is 0.64, and annualized covariance runs at 540.7 %².
By 3-year correlation, PTC places #6 of the 44 assets tracked against ADSK. Correlation aside, the last 12 months split them widely, with ADSK ahead by 21.2 points (-5.4% versus -26.6%). The rolling one-year correlation moved between 0.32 and 0.75 over the past three years, a moderate range.
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 PTC: side by side
| ADSK (Autodesk) | PTC (PTC Inc.) | |
|---|---|---|
| 1-year return | -5.4% | -26.6% |
| 5-year return | -13.7% | +20.0% |
| Volatility (ann.) | 30.9% | 28.8% |
| Beta vs S&P 500 | 1.04 | 1.02 |
| Max drawdown (3Y) | -42.6% | -48.1% |
| Market cap | $57.1B | $17.2B |
| P/E (trailing) | 37.2 | 14.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | ADSK | PTC |
|---|---|---|
| 2022 | -33.5% | -0.9% |
| 2023 | +30.3% | +45.8% |
| 2024 | +21.4% | +5.1% |
| 2025 | +0.1% | -5.3% |
| 2026 | -8.6% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSK and PTC good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADSK and PTC?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.78 over the last year and 0.64 over 5 years.
Is PTC a good diversifier for ADSK?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 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 · PTC correlations
