BLKB vs DBX: Correlation
Measured on weekly returns over the past three years, Blackbaud, Inc. (BLKB) and Dropbox, Inc. (DBX) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLKB and DBX?
On 3 years of weekly data the BLKB/DBX correlation comes out at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 679.0 %².
By 3-year correlation, DBX places #4 of the 16 assets tracked against BLKB. The last year tells two different stories: DBX led by 51.5 percentage points, -27.0% for BLKB against +24.5% for DBX.
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.
BLKB vs DBX: side by side
| BLKB (Blackbaud, Inc.) | DBX (Dropbox, Inc.) | |
|---|---|---|
| 1-year return | -27.0% | +24.5% |
| 5-year return | -30.1% | +14.9% |
| Volatility (ann.) | 39.2% | 32.7% |
| Beta vs S&P 500 | 0.81 | 0.86 |
| Max drawdown (3Y) | -69.8% | -37.4% |
| Market cap | $2.2B | $7.8B |
| P/E (trailing) | 14.7 | 19.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLKB | DBX |
|---|---|---|
| 2022 | -25.5% | -8.8% |
| 2023 | +47.3% | +31.7% |
| 2024 | -14.7% | +1.9% |
| 2025 | -14.3% | -7.5% |
| 2026 | -23.3% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLKB and DBX good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BLKB and DBX?
As of 2026-08-27, the correlation of weekly returns between BLKB and DBX is 0.53 over 3 years, 0.54 over 1 year and 0.43 over 5 years.
Is DBX a good diversifier for BLKB?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 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
$ curl https://www.pairbook.io/api/v1/pairs/blkb-vs-dbx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/blkb-vs-dbx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BLKB correlations · DBX correlations
