CDW vs DXC: Correlation
CDW Corporation (CDW) and DXC Technology Company (DXC) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDW and DXC?
Across a 3-year window, the weekly returns of CDW and DXC correlate at 0.49, moderate. The past 12 months show a tighter link (0.60) than the 3-year average (0.49). Stretching to 5 years gives 0.42, with an annualized covariance of 657.5 %².
By 3-year correlation, DXC places #4 of the 40 assets tracked against CDW. Correlation aside, the last 12 months split them widely, with CDW ahead by 15.1 points (-8.0% versus -23.1%).
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 DXC: side by side
| CDW (CDW Corporation) | DXC (DXC Technology Company) | |
|---|---|---|
| 1-year return | -8.0% | -23.1% |
| 5-year return | -20.5% | -69.7% |
| Volatility (ann.) | 34.2% | 39.0% |
| Beta vs S&P 500 | 1.01 | 0.97 |
| Max drawdown (3Y) | -60.4% | -67.2% |
| Market cap | $18.6B | $1.8B |
| P/E (trailing) | 17.0 | 14.3 |
| Dividend yield | 1.78% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CDW | DXC |
|---|---|---|
| 2022 | -11.7% | -17.7% |
| 2023 | +28.8% | -13.7% |
| 2024 | -22.6% | -12.6% |
| 2025 | -20.6% | -26.7% |
| 2026 | +11.1% | -24.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDW and DXC good diversifiers for each other?
Reasonably. At 0.49, CDW and DXC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CDW and DXC?
The CDW/DXC correlation stands at 0.49 on a 3-year window (1 year: 0.60, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is DXC a good diversifier for CDW?
Reasonably. At 0.49, CDW and DXC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/cdw-vs-dxc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cdw-vs-dxc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CDW correlations · DXC correlations
