BIOX vs DOX: Correlation
Measured on weekly returns over the past three years, Bioceres Crop Solutions Corp. (BIOX) and Amdocs Limited (DOX) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIOX and DOX?
On 3 years of weekly data the BIOX/DOX correlation comes out at 0.35, moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. The 5-year figure is 0.32, and annualized covariance runs at 496.0 %².
Few assets follow BIOX as closely as DOX, which ranks #1 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months DOX outperformed by 59.4 percentage points (-85.0% for BIOX against -25.6% for DOX). One caveat on sizing: BIOX is 3.2 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.
BIOX vs DOX: side by side
| BIOX (Bioceres Crop Solutions Corp.) | DOX (Amdocs Limited) | |
|---|---|---|
| 1-year return | -85.0% | -25.6% |
| 5-year return | -97.0% | -8.4% |
| Volatility (ann.) | 67.6% | 21.3% |
| Beta vs S&P 500 | 0.97 | 0.54 |
| Max drawdown (3Y) | -97.7% | -45.5% |
| Market cap | – | $6.5B |
| P/E (trailing) | – | 14.8 |
| Dividend yield | 0.00% | 3.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIOX | DOX |
|---|---|---|
| 2022 | -14.9% | +23.8% |
| 2023 | +14.1% | -1.4% |
| 2024 | -55.7% | -0.9% |
| 2025 | -78.5% | -3.1% |
| 2026 | -69.2% | -20.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIOX and DOX good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BIOX and DOX?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.36 over the last year and 0.32 over 5 years.
Is DOX a good diversifier for BIOX?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
A reading of 0.35 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/biox-vs-dox.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/biox-vs-dox/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BIOX correlations · DOX correlations
