CCC vs EXLS: Correlation
Measured on weekly returns over the past three years, CCC Intelligent Solutions Holdings Inc. (CCC) and ExlService Holdings, Inc. (EXLS) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCC and EXLS?
Over the past 3 years, CCC and EXLS moved with a correlation of 0.56, which is moderate. The link has tightened recently: the 1-year correlation (0.69) runs above the 3-year figure (0.56). Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 704.5 %².
In CCC's tracked universe of 21 assets, EXLS sits right near the top at #3. On 12-month performance EXLS holds a 9.3-point edge, -22.7% against -13.4%.
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.
CCC vs EXLS: side by side
| CCC (CCC Intelligent Solutions Holdings Inc.) | EXLS (ExlService Holdings, Inc.) | |
|---|---|---|
| 1-year return | -22.7% | -13.4% |
| 5-year return | -30.0% | +55.2% |
| Volatility (ann.) | 39.5% | 31.7% |
| Beta vs S&P 500 | 0.83 | 0.77 |
| Max drawdown (3Y) | -68.4% | -51.3% |
| Market cap | $4.5B | $5.8B |
| P/E (trailing) | 108.6 | 23.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCC | EXLS |
|---|---|---|
| 2022 | -23.6% | +17.0% |
| 2023 | +30.9% | -9.0% |
| 2024 | +3.0% | +43.9% |
| 2025 | -32.2% | -4.4% |
| 2026 | -4.4% | -10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCC and EXLS good diversifiers for each other?
Only partially. A correlation of 0.56 means CCC and EXLS 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 CCC and EXLS?
The CCC/EXLS correlation stands at 0.56 on a 3-year window (1 year: 0.69, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is EXLS a good diversifier for CCC?
Only partially. A correlation of 0.56 means CCC and EXLS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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/ccc-vs-exls.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: CCC correlations · EXLS correlations
