CBZ vs CTSH: Correlation
CBIZ, Inc. (CBZ) and Cognizant (CTSH) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBZ and CTSH?
Across a 3-year window, the weekly returns of CBZ and CTSH correlate at 0.63, strong. Little has changed lately, as the 1-year reading of 0.72 lands near the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 914.9 %².
Few assets follow CBZ as closely as CTSH, which ranks #2 of 20 tracked partners. Over the last 12 months CTSH came out ahead by 7.1 percentage points (-16.9% against -9.8%).
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.
CBZ vs CTSH: side by side
| CBZ (CBIZ, Inc.) | CTSH (Cognizant) | |
|---|---|---|
| 1-year return | -16.9% | -9.8% |
| 5-year return | +61.7% | -9.6% |
| Volatility (ann.) | 44.6% | 32.3% |
| Beta vs S&P 500 | 1.02 | 0.89 |
| Max drawdown (3Y) | -71.6% | -56.1% |
| Market cap | $3.0B | $28.7B |
| P/E (trailing) | 26.3 | 13.3 |
| Dividend yield | 0.00% | 2.09% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | CBZ | CTSH |
|---|---|---|
| 2022 | +19.8% | -34.5% |
| 2023 | +33.6% | +34.4% |
| 2024 | +30.7% | +3.5% |
| 2025 | -38.3% | +9.7% |
| 2026 | +8.4% | -21.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBZ and CTSH good diversifiers for each other?
To a limited degree. At 0.63 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 CBZ and CTSH?
As of 2026-08-27, the correlation of weekly returns between CBZ and CTSH is 0.63 over 3 years, 0.72 over 1 year and 0.60 over 5 years.
Is CTSH a good diversifier for CBZ?
To a limited degree. At 0.63 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 0.63 mean?
A reading of 0.63 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/cbz-vs-ctsh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cbz-vs-ctsh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CBZ correlations · CTSH correlations
