BSY vs DT: Correlation
Measured on weekly returns over the past three years, Bentley Systems, Incorporated (BSY) and Dynatrace, Inc. (DT) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSY and DT?
On 3 years of weekly data the BSY/DT correlation comes out at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. The 5-year figure is 0.61, and annualized covariance runs at 577.9 %².
Within BSY's tracked universe of 13 assets, DT comes in at #4 by 3-year correlation. The last year tells two different stories: DT led by 37.5 percentage points, -30.9% for BSY against +6.6% for DT.
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.
BSY vs DT: side by side
| BSY (Bentley Systems, Incorporated) | DT (Dynatrace, Inc.) | |
|---|---|---|
| 1-year return | -30.9% | +6.6% |
| 5-year return | -40.5% | -21.5% |
| Volatility (ann.) | 29.4% | 34.3% |
| Beta vs S&P 500 | 0.71 | 1.02 |
| Max drawdown (3Y) | -51.3% | -48.2% |
| Market cap | $11.4B | $15.5B |
| P/E (trailing) | 40.9 | 102.8 |
| Dividend yield | 0.76% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BSY | DT |
|---|---|---|
| 2022 | -23.3% | -36.5% |
| 2023 | +41.8% | +42.8% |
| 2024 | -10.1% | -0.6% |
| 2025 | -17.8% | -20.3% |
| 2026 | -1.1% | +23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSY and DT good diversifiers for each other?
Only partially. A correlation of 0.57 means BSY and DT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BSY and DT?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.63 over the last year and 0.61 over 5 years.
Is DT a good diversifier for BSY?
Only partially. A correlation of 0.57 means BSY and DT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 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/bsy-vs-dt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bsy-vs-dt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BSY correlations · DT correlations
