CTSH vs DXC: Correlation
Cognizant (CTSH) and DXC Technology Company (DXC) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTSH and DXC?
Over the past 3 years, CTSH and DXC moved with a correlation of 0.61, which is strong. Recent behaviour matches the longer record: 0.64 over 1 year against 0.61 over 3. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 768.2 %².
Within CTSH's tracked universe of 44 assets, DXC comes in at #11 by 3-year correlation. The trailing year gives CTSH the advantage: -9.8% versus -23.1%, a 13.3-point spread.
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 DXC: side by side
| CTSH (Cognizant) | DXC (DXC Technology Company) | |
|---|---|---|
| 1-year return | -9.8% | -23.1% |
| 5-year return | -9.6% | -69.7% |
| Volatility (ann.) | 32.3% | 39.0% |
| Beta vs S&P 500 | 0.89 | 0.97 |
| Max drawdown (3Y) | -56.1% | -67.2% |
| Market cap | $28.7B | $1.8B |
| P/E (trailing) | 13.3 | 14.3 |
| Dividend yield | 2.09% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CTSH | DXC |
|---|---|---|
| 2022 | -34.5% | -17.7% |
| 2023 | +34.4% | -13.7% |
| 2024 | +3.5% | -12.6% |
| 2025 | +9.7% | -26.7% |
| 2026 | -21.8% | -24.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTSH and DXC good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CTSH and DXC?
As of 2026-08-27, the correlation of weekly returns between CTSH and DXC is 0.61 over 3 years, 0.64 over 1 year and 0.47 over 5 years.
Is DXC a good diversifier for CTSH?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ctsh-vs-dxc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctsh-vs-dxc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTSH correlations · DXC correlations
