CTSH vs KD: Correlation
Measured on weekly returns over the past three years, Cognizant (CTSH) and Kyndryl Holdings, Inc. (KD) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTSH and KD?
Over the past 3 years, CTSH and KD moved with a correlation of 0.53, which is moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.53 over 3. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 913.6 %².
Within CTSH's tracked universe of 44 assets, KD comes in at #19 by 3-year correlation. The last year tells two different stories: CTSH led by 48.2 percentage points, -9.8% for CTSH against -58.0% for KD. Risk is not evenly split, since KD carries 1.7 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 KD: side by side
| CTSH (Cognizant) | KD (Kyndryl Holdings, Inc.) | |
|---|---|---|
| 1-year return | -9.8% | -58.0% |
| 5-year return | -9.6% | -67.5% |
| Volatility (ann.) | 32.3% | 53.4% |
| Beta vs S&P 500 | 0.89 | 1.59 |
| Max drawdown (3Y) | -56.1% | -75.6% |
| Market cap | $28.7B | $2.9B |
| P/E (trailing) | 13.3 | 34.0 |
| Dividend yield | 2.09% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CTSH | KD |
|---|---|---|
| 2022 | -34.5% | -38.6% |
| 2023 | +34.4% | +86.9% |
| 2024 | +3.5% | +66.5% |
| 2025 | +9.7% | -23.2% |
| 2026 | -21.8% | -50.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTSH and KD good diversifiers for each other?
Only partially. A correlation of 0.53 means CTSH and KD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CTSH and KD?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.59 over the last year and 0.43 over 5 years.
Is KD a good diversifier for CTSH?
Only partially. A correlation of 0.53 means CTSH and KD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 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-kd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctsh-vs-kd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTSH correlations · KD correlations
