BLKB vs DSGX: Correlation
Blackbaud, Inc. (BLKB) and The Descartes Systems Group Inc. (DSGX) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLKB and DSGX?
On 3 years of weekly data the BLKB/DSGX correlation comes out at 0.53, moderate. Recent behaviour matches the longer record: 0.63 over 1 year against 0.53 over 3. The 5-year figure is 0.50, and annualized covariance runs at 658.7 %².
By 3-year correlation, DSGX places #5 of the 16 assets tracked against BLKB. Over the last 12 months DSGX came out ahead by 7.9 percentage points (-27.0% against -19.1%).
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 DSGX: side by side
| BLKB (Blackbaud, Inc.) | DSGX (The Descartes Systems Group Inc.) | |
|---|---|---|
| 1-year return | -27.0% | -19.1% |
| 5-year return | -30.1% | +3.6% |
| Volatility (ann.) | 39.2% | 31.5% |
| Beta vs S&P 500 | 0.81 | 0.86 |
| Max drawdown (3Y) | -69.8% | -48.7% |
| Market cap | $2.2B | $6.9B |
| P/E (trailing) | 14.7 | 38.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLKB | DSGX |
|---|---|---|
| 2022 | -25.5% | -15.8% |
| 2023 | +47.3% | +20.7% |
| 2024 | -14.7% | +35.1% |
| 2025 | -14.3% | -22.8% |
| 2026 | -23.3% | -8.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLKB and DSGX 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 DSGX?
The BLKB/DSGX correlation stands at 0.53 on a 3-year window (1 year: 0.63, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is DSGX 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?
On the −1 to +1 scale, 0.53 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/blkb-vs-dsgx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/blkb-vs-dsgx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BLKB correlations · DSGX correlations
