CDW vs PRIM: Correlation
CDW Corporation (CDW) and Primoris Services Corporation (PRIM) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDW and PRIM?
Across a 3-year window, the weekly returns of CDW and PRIM correlate at 0.46, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 798.8 %².
Among the 40 assets we track against CDW, PRIM ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CDW outperformed by 26.2 percentage points (-8.0% for CDW against -34.2% for PRIM).
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 PRIM: side by side
| CDW (CDW Corporation) | PRIM (Primoris Services Corporation) | |
|---|---|---|
| 1-year return | -8.0% | -34.2% |
| 5-year return | -20.5% | +212.4% |
| Volatility (ann.) | 34.2% | 50.6% |
| Beta vs S&P 500 | 1.01 | 1.49 |
| Max drawdown (3Y) | -60.4% | -63.1% |
| Market cap | $18.6B | $4.2B |
| P/E (trailing) | 17.0 | 30.7 |
| Dividend yield | 1.78% | 0.41% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CDW | PRIM |
|---|---|---|
| 2022 | -11.7% | -7.5% |
| 2023 | +28.8% | +52.6% |
| 2024 | -22.6% | +131.1% |
| 2025 | -20.6% | +63.1% |
| 2026 | +11.1% | -37.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDW and PRIM good diversifiers for each other?
Reasonably. At 0.46, CDW and PRIM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CDW and PRIM?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.49 over the last year and 0.46 over 5 years.
Is PRIM a good diversifier for CDW?
Reasonably. At 0.46, CDW and PRIM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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-prim.json
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[](https://www.pairbook.io/pair/cdw-vs-prim/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CDW correlations · PRIM correlations
