CLBT vs DSGX: Correlation
Cellebrite DI Ltd. (CLBT) and The Descartes Systems Group Inc. (DSGX) 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 CLBT and DSGX?
Across a 3-year window, the weekly returns of CLBT and DSGX correlate at 0.46, moderate. The past 12 months show a tighter link (0.59) than the 3-year average (0.46). Stretching to 5 years gives 0.42, with an annualized covariance of 763.1 %².
Within CLBT's tracked universe of 12 assets, DSGX comes in at #5 by 3-year correlation. The trailing year gives DSGX the advantage: -25.4% versus -19.1%, a 6.3-point spread. Note the risk asymmetry: CLBT runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CLBT vs DSGX: side by side
| CLBT (Cellebrite DI Ltd.) | DSGX (The Descartes Systems Group Inc.) | |
|---|---|---|
| 1-year return | -25.4% | -19.1% |
| 5-year return | +22.2% | +3.6% |
| Volatility (ann.) | 52.1% | 31.5% |
| Beta vs S&P 500 | 0.97 | 0.86 |
| Max drawdown (3Y) | -59.8% | -48.7% |
| Market cap | $3.1B | $6.9B |
| P/E (trailing) | 51.2 | 38.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLBT | DSGX |
|---|---|---|
| 2022 | -45.6% | -15.8% |
| 2023 | +98.6% | +20.7% |
| 2024 | +154.4% | +35.1% |
| 2025 | -18.2% | -22.8% |
| 2026 | -31.8% | -8.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLBT and DSGX good diversifiers for each other?
Reasonably. At 0.46, CLBT and DSGX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CLBT and DSGX?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.59 over the last year and 0.42 over 5 years.
Is DSGX a good diversifier for CLBT?
Reasonably. At 0.46, CLBT and DSGX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 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/clbt-vs-dsgx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clbt-vs-dsgx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLBT correlations · DSGX correlations
