CTSH vs DOX: Correlation
Measured on weekly returns over the past three years, Cognizant (CTSH) and Amdocs Limited (DOX) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTSH and DOX?
Across a 3-year window, the weekly returns of CTSH and DOX correlate at 0.68, strong. The relationship has been stable: the 1-year correlation (0.73) sits close to the 3-year figure. Stretching to 5 years gives 0.62, with an annualized covariance of 469.7 %².
By 3-year correlation, DOX places #5 of the 44 assets tracked against CTSH. Correlation aside, the last 12 months split them widely, with CTSH ahead by 15.8 points (-9.8% versus -25.6%). Risk is not evenly split, since CTSH carries 1.5 times the volatility of the other side.
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 DOX: side by side
| CTSH (Cognizant) | DOX (Amdocs Limited) | |
|---|---|---|
| 1-year return | -9.8% | -25.6% |
| 5-year return | -9.6% | -8.4% |
| Volatility (ann.) | 32.3% | 21.3% |
| Beta vs S&P 500 | 0.89 | 0.54 |
| Max drawdown (3Y) | -56.1% | -45.5% |
| Market cap | $28.7B | $6.5B |
| P/E (trailing) | 13.3 | 14.8 |
| Dividend yield | 2.09% | 3.52% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CTSH | DOX |
|---|---|---|
| 2022 | -34.5% | +23.8% |
| 2023 | +34.4% | -1.4% |
| 2024 | +3.5% | -0.9% |
| 2025 | +9.7% | -3.1% |
| 2026 | -21.8% | -20.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTSH and DOX good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CTSH and DOX?
The CTSH/DOX correlation stands at 0.68 on a 3-year window (1 year: 0.73, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is DOX a good diversifier for CTSH?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 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-dox.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctsh-vs-dox/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTSH correlations · DOX correlations
