DE vs NDSN: Correlation
Measured on weekly returns over the past three years, Deere & Company (DE) and Nordson Corporation (NDSN) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DE and NDSN?
On 3 years of weekly data the DE/NDSN correlation comes out at 0.52, moderate. The past 12 months show a weaker link (0.37) than the 3-year average (0.52). The 5-year figure is 0.46, and annualized covariance runs at 340.7 %².
By 3-year correlation, NDSN places #15 of the 33 assets tracked against DE. Their recent paths diverged sharply: over the last 12 months NDSN outperformed by 20.6 percentage points (+27.9% for DE against +48.5% for NDSN). Across three years, the rolling one-year figure varied moderately, from 0.31 to 0.67.
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.
DE vs NDSN: side by side
| DE (Deere & Company) | NDSN (Nordson Corporation) | |
|---|---|---|
| 1-year return | +27.9% | +48.5% |
| 5-year return | +74.5% | +46.5% |
| Volatility (ann.) | 26.7% | 24.7% |
| Beta vs S&P 500 | 0.65 | 0.97 |
| Max drawdown (3Y) | -19.9% | -39.1% |
| Market cap | $168.1B | $18.4B |
| P/E (trailing) | 35.2 | 33.5 |
| Dividend yield | 1.02% | 0.98% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | DE | NDSN |
|---|---|---|
| 2022 | +26.6% | -5.9% |
| 2023 | -5.5% | +12.4% |
| 2024 | +7.6% | -20.1% |
| 2025 | +11.4% | +17.0% |
| 2026 | +34.5% | +38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DE and NDSN good diversifiers for each other?
To a limited degree. At 0.52 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 DE and NDSN?
As of 2026-08-27, the correlation of weekly returns between DE and NDSN is 0.52 over 3 years, 0.37 over 1 year and 0.46 over 5 years.
Is NDSN a good diversifier for DE?
To a limited degree. At 0.52 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 0.52 mean?
On the −1 to +1 scale, 0.52 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/de-vs-ndsn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/de-vs-ndsn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DE correlations · NDSN correlations
