DBX vs PCOR: Correlation
How closely do Dropbox, Inc. (DBX) and Procore Technologies, Inc. (PCOR) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBX and PCOR?
Across a 3-year window, the weekly returns of DBX and PCOR correlate at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Stretching to 5 years gives 0.52, with an annualized covariance of 781.0 %².
Within DBX's tracked universe of 18 assets, PCOR comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DBX ahead by 30.5 points (+24.5% versus -6.0%).
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.
DBX vs PCOR: side by side
| DBX (Dropbox, Inc.) | PCOR (Procore Technologies, Inc.) | |
|---|---|---|
| 1-year return | +24.5% | -6.0% |
| 5-year return | +14.9% | -32.7% |
| Volatility (ann.) | 32.7% | 46.4% |
| Beta vs S&P 500 | 0.86 | 1.31 |
| Max drawdown (3Y) | -37.4% | -56.6% |
| Market cap | $7.8B | $9.7B |
| P/E (trailing) | 19.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DBX | PCOR |
|---|---|---|
| 2022 | -8.8% | -41.0% |
| 2023 | +31.7% | +46.7% |
| 2024 | +1.9% | +8.2% |
| 2025 | -7.5% | -2.9% |
| 2026 | +29.1% | -12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBX and PCOR good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DBX and PCOR?
The DBX/PCOR correlation stands at 0.51 on a 3-year window (1 year: 0.57, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is PCOR a good diversifier for DBX?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 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/dbx-vs-pcor.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dbx-vs-pcor/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DBX correlations · PCOR correlations
