CTSH vs HCKT: Correlation
Measured on weekly returns over the past three years, Cognizant (CTSH) and The Hackett Group, Inc. (HCKT) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTSH and HCKT?
Over the past 3 years, CTSH and HCKT moved with a correlation of 0.55, which is moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.55 over 3. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 667.9 %².
Within CTSH's tracked universe of 44 assets, HCKT comes in at #16 by 3-year correlation. The last year tells two different stories: CTSH led by 34.3 percentage points, -9.8% for CTSH against -44.1% for HCKT.
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 HCKT: side by side
| CTSH (Cognizant) | HCKT (The Hackett Group, Inc.) | |
|---|---|---|
| 1-year return | -9.8% | -44.1% |
| 5-year return | -9.6% | -35.3% |
| Volatility (ann.) | 32.3% | 37.5% |
| Beta vs S&P 500 | 0.89 | 0.78 |
| Max drawdown (3Y) | -56.1% | -70.5% |
| Market cap | $28.7B | $0.3B |
| P/E (trailing) | 13.3 | 17.5 |
| Dividend yield | 2.09% | 4.37% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CTSH | HCKT |
|---|---|---|
| 2022 | -34.5% | +1.5% |
| 2023 | +34.4% | +14.1% |
| 2024 | +3.5% | +37.3% |
| 2025 | +9.7% | -34.7% |
| 2026 | -21.8% | -41.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTSH and HCKT good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CTSH and HCKT?
As of 2026-08-27, the correlation of weekly returns between CTSH and HCKT is 0.55 over 3 years, 0.58 over 1 year and 0.55 over 5 years.
Is HCKT a good diversifier for CTSH?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
A reading of 0.55 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/ctsh-vs-hckt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctsh-vs-hckt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CTSH correlations · HCKT correlations
