ANGI vs CDW: Correlation
How closely do Angi Inc. (ANGI) and CDW Corporation (CDW) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANGI and CDW?
Over the past 3 years, ANGI and CDW moved with a correlation of 0.48, which is moderate. The past 12 months show a tighter link (0.59) than the 3-year average (0.48). Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 1100.3 %².
Among the 16 assets we track against ANGI, CDW ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CDW outperformed by 65.3 percentage points (-73.3% for ANGI against -8.0% for CDW). One caveat on sizing: ANGI is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ANGI vs CDW: side by side
| ANGI (Angi Inc.) | CDW (CDW Corporation) | |
|---|---|---|
| 1-year return | -73.3% | -8.0% |
| 5-year return | -95.6% | -20.5% |
| Volatility (ann.) | 67.2% | 34.2% |
| Beta vs S&P 500 | 1.62 | 1.01 |
| Max drawdown (3Y) | -85.6% | -60.4% |
| Market cap | $0.2B | $18.6B |
| P/E (trailing) | – | 17.0 |
| Dividend yield | 0.00% | 1.78% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | ANGI | CDW |
|---|---|---|
| 2022 | -74.5% | -11.7% |
| 2023 | +6.0% | +28.8% |
| 2024 | -33.3% | -22.6% |
| 2025 | -22.1% | -20.6% |
| 2026 | -63.9% | +11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANGI and CDW good diversifiers for each other?
Reasonably. At 0.48, ANGI and CDW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ANGI and CDW?
The ANGI/CDW correlation stands at 0.48 on a 3-year window (1 year: 0.59, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is CDW a good diversifier for ANGI?
Reasonably. At 0.48, ANGI and CDW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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.
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Related comparisons
Hubs: ANGI correlations · CDW correlations
