DFIN vs MCO: Correlation
Donnelley Financial Solutions, Inc. (DFIN) and Moody's Corporation (MCO) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFIN and MCO?
On 3 years of weekly data the DFIN/MCO correlation comes out at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 555.1 %².
MCO is one of the assets that tracks DFIN most closely: it ranks #1 out of the 14 assets we track against DFIN. Their recent paths diverged sharply: over the last 12 months MCO outperformed by 16.3 percentage points (-15.6% for DFIN against +0.7% for MCO). Note the risk asymmetry: DFIN runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DFIN vs MCO: side by side
| DFIN (Donnelley Financial Solutions, Inc.) | MCO (Moody's Corporation) | |
|---|---|---|
| 1-year return | -15.6% | +0.7% |
| 5-year return | +44.0% | +39.4% |
| Volatility (ann.) | 42.1% | 25.8% |
| Beta vs S&P 500 | 1.09 | 1.08 |
| Max drawdown (3Y) | -47.4% | -24.7% |
| Market cap | $1.2B | $88.2B |
| P/E (trailing) | 30.9 | 32.7 |
| Dividend yield | 0.00% | 0.77% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | DFIN | MCO |
|---|---|---|
| 2022 | -18.0% | -28.0% |
| 2023 | +61.4% | +41.5% |
| 2024 | +0.6% | +22.2% |
| 2025 | -25.6% | +8.7% |
| 2026 | +2.7% | +0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFIN and MCO 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 DFIN and MCO?
As of 2026-08-27, the correlation of weekly returns between DFIN and MCO is 0.51 over 3 years, 0.60 over 1 year and 0.46 over 5 years.
Is MCO a good diversifier for DFIN?
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?
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/dfin-vs-mco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dfin-vs-mco/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DFIN correlations · MCO correlations
