CCOI vs CDW: Correlation
Measured on weekly returns over the past three years, Cogent Communications Holdings, Inc. (CCOI) and CDW Corporation (CDW) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCOI and CDW?
Across a 3-year window, the weekly returns of CCOI and CDW correlate at 0.39, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 853.2 %².
Few assets follow CCOI as closely as CDW, which ranks #1 of 13 tracked partners. Correlation aside, the last 12 months split them widely, with CDW ahead by 66.3 points (-74.3% versus -8.0%). Risk is not evenly split, since CCOI carries 1.8 times the volatility of the other side.
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.
CCOI vs CDW: side by side
| CCOI (Cogent Communications Holdings, Inc.) | CDW (CDW Corporation) | |
|---|---|---|
| 1-year return | -74.3% | -8.0% |
| 5-year return | -83.0% | -20.5% |
| Volatility (ann.) | 63.2% | 34.2% |
| Beta vs S&P 500 | 0.57 | 1.01 |
| Max drawdown (3Y) | -88.3% | -60.4% |
| Market cap | $0.5B | $18.6B |
| P/E (trailing) | – | 17.0 |
| Dividend yield | 10.70% | 1.78% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | CCOI | CDW |
|---|---|---|
| 2022 | -17.2% | -11.7% |
| 2023 | +41.2% | +28.8% |
| 2024 | +7.2% | -22.6% |
| 2025 | -70.1% | -20.6% |
| 2026 | -55.0% | +11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCOI and CDW good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CCOI and CDW?
As of 2026-08-27, the correlation of weekly returns between CCOI and CDW is 0.39 over 3 years, 0.48 over 1 year and 0.40 over 5 years.
Is CDW a good diversifier for CCOI?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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/ccoi-vs-cdw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccoi-vs-cdw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCOI correlations · CDW correlations
