CTSH vs MORN: Correlation
Cognizant (CTSH) and Morningstar, Inc. (MORN) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTSH and MORN?
Over the past 3 years, CTSH and MORN moved with a correlation of 0.56, which is moderate. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 550.4 %².
Among the 44 assets we track against CTSH, MORN ranks #14 by 3-year correlation. On 12-month performance CTSH holds a 6.8-point edge, -9.8% against -16.6%.
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 MORN: side by side
| CTSH (Cognizant) | MORN (Morningstar, Inc.) | |
|---|---|---|
| 1-year return | -9.8% | -16.6% |
| 5-year return | -9.6% | -15.1% |
| Volatility (ann.) | 32.3% | 30.5% |
| Beta vs S&P 500 | 0.89 | 0.77 |
| Max drawdown (3Y) | -56.1% | -60.0% |
| Market cap | $28.7B | $8.2B |
| P/E (trailing) | 13.3 | 20.2 |
| Dividend yield | 2.09% | 0.92% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CTSH | MORN |
|---|---|---|
| 2022 | -34.5% | -36.3% |
| 2023 | +34.4% | +33.1% |
| 2024 | +3.5% | +18.3% |
| 2025 | +9.7% | -35.1% |
| 2026 | -21.8% | +1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTSH and MORN good diversifiers for each other?
To a limited degree. At 0.56 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 MORN?
The CTSH/MORN correlation stands at 0.56 on a 3-year window (1 year: 0.62, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is MORN a good diversifier for CTSH?
To a limited degree. At 0.56 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 0.56 mean?
On the −1 to +1 scale, 0.56 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-morn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctsh-vs-morn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CTSH correlations · MORN correlations
