CPRT vs NDSN: Correlation
How closely do Copart (CPRT) and Nordson Corporation (NDSN) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPRT and NDSN?
Over the past 3 years, CPRT and NDSN moved with a correlation of 0.45, which is moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.45 over 3. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 288.4 %².
Among the 35 assets we track against CPRT, NDSN ranks #17 by 3-year correlation. The last year tells two different stories: NDSN led by 81.1 percentage points, -32.6% for CPRT against +48.5% for NDSN. The rolling one-year correlation stayed in a tight band between 0.40 and 0.52 over the past three years, which points to a structural rather than episodic relationship.
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.
CPRT vs NDSN: side by side
| CPRT (Copart) | NDSN (Nordson Corporation) | |
|---|---|---|
| 1-year return | -32.6% | +48.5% |
| 5-year return | -9.3% | +46.5% |
| Volatility (ann.) | 26.0% | 24.7% |
| Beta vs S&P 500 | 0.86 | 0.97 |
| Max drawdown (3Y) | -57.4% | -39.1% |
| Market cap | $30.3B | $18.4B |
| P/E (trailing) | 20.2 | 33.5 |
| Dividend yield | 0.00% | 0.98% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | CPRT | NDSN |
|---|---|---|
| 2022 | -19.7% | -5.9% |
| 2023 | +60.9% | +12.4% |
| 2024 | +17.1% | -20.1% |
| 2025 | -31.8% | +17.0% |
| 2026 | -16.3% | +38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPRT and NDSN good diversifiers for each other?
Reasonably. At 0.45, CPRT and NDSN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CPRT and NDSN?
As of 2026-08-27, the correlation of weekly returns between CPRT and NDSN is 0.45 over 3 years, 0.49 over 1 year and 0.53 over 5 years.
Is NDSN a good diversifier for CPRT?
Reasonably. At 0.45, CPRT and NDSN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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/cprt-vs-ndsn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cprt-vs-ndsn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPRT correlations · NDSN correlations
