CDW vs CRTO: Correlation
CDW Corporation (CDW) and Criteo S.A. (CRTO) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDW and CRTO?
On 3 years of weekly data the CDW/CRTO correlation comes out at 0.38, moderate. The past 12 months show a tighter link (0.61) than the 3-year average (0.38). The 5-year figure is 0.35, and annualized covariance runs at 575.3 %².
Within CDW's tracked universe of 40 assets, CRTO comes in at #27 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CDW ahead by 22.4 points (-8.0% versus -30.4%).
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.
CDW vs CRTO: side by side
| CDW (CDW Corporation) | CRTO (Criteo S.A.) | |
|---|---|---|
| 1-year return | -8.0% | -30.4% |
| 5-year return | -20.5% | -55.0% |
| Volatility (ann.) | 34.2% | 44.1% |
| Beta vs S&P 500 | 1.01 | 0.62 |
| Max drawdown (3Y) | -60.4% | -68.1% |
| Market cap | $18.6B | $0.8B |
| P/E (trailing) | 17.0 | 8.7 |
| Dividend yield | 1.78% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CDW | CRTO |
|---|---|---|
| 2022 | -11.7% | -33.0% |
| 2023 | +28.8% | -2.8% |
| 2024 | -22.6% | +56.2% |
| 2025 | -20.6% | -47.9% |
| 2026 | +11.1% | -16.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDW and CRTO good diversifiers for each other?
Reasonably. At 0.38, CDW and CRTO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CDW and CRTO?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.61 over the last year and 0.35 over 5 years.
Is CRTO a good diversifier for CDW?
Reasonably. At 0.38, CDW and CRTO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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/cdw-vs-crto.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cdw-vs-crto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CDW correlations · CRTO correlations
