CTSH vs DLB: Correlation
Cognizant (CTSH) and Dolby Laboratories (DLB) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTSH and DLB?
Across a 3-year window, the weekly returns of CTSH and DLB correlate at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Stretching to 5 years gives 0.45, with an annualized covariance of 396.3 %².
Within CTSH's tracked universe of 44 assets, DLB comes in at #25 by 3-year correlation. Their 12-month results are close: -9.8% for CTSH against -12.3% for DLB.
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.
CTSH vs DLB: side by side
| CTSH (Cognizant) | DLB (Dolby Laboratories) | |
|---|---|---|
| 1-year return | -9.8% | -12.3% |
| 5-year return | -9.6% | -31.8% |
| Volatility (ann.) | 32.3% | 26.0% |
| Beta vs S&P 500 | 0.89 | 0.78 |
| Max drawdown (3Y) | -56.1% | -43.2% |
| Market cap | $28.7B | $5.8B |
| P/E (trailing) | 13.3 | 27.6 |
| Dividend yield | 2.09% | 2.22% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CTSH | DLB |
|---|---|---|
| 2022 | -34.5% | -24.9% |
| 2023 | +34.4% | +23.8% |
| 2024 | +3.5% | -7.9% |
| 2025 | +9.7% | -16.3% |
| 2026 | -21.8% | -1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTSH and DLB good diversifiers for each other?
Reasonably. At 0.47, CTSH and DLB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CTSH and DLB?
As of 2026-08-27, the correlation of weekly returns between CTSH and DLB is 0.47 over 3 years, 0.52 over 1 year and 0.45 over 5 years.
Is DLB a good diversifier for CTSH?
Reasonably. At 0.47, CTSH and DLB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 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/ctsh-vs-dlb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctsh-vs-dlb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CTSH correlations · DLB correlations
