DLX vs NATL: Correlation
Deluxe Corporation (DLX) and NCR Atleos Corporation (NATL) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLX and NATL?
On 3 years of weekly data the DLX/NATL correlation comes out at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 597.2 %².
By 3-year correlation, NATL places #11 of the 20 assets tracked against DLX. The trailing year gives DLX the advantage: +25.3% versus +14.2%, a 11.1-point spread.
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.
DLX vs NATL: side by side
| DLX (Deluxe Corporation) | NATL (NCR Atleos Corporation) | |
|---|---|---|
| 1-year return | +25.3% | +14.2% |
| 5-year return | -19.3% | n/a |
| Volatility (ann.) | 39.8% | 36.3% |
| Beta vs S&P 500 | 1.08 | 0.75 |
| Max drawdown (3Y) | -40.9% | -34.7% |
| Market cap | $1.1B | $3.4B |
| P/E (trailing) | 10.8 | 17.8 |
| Dividend yield | 5.08% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DLX | NATL |
|---|---|---|
| 2022 | -44.4% | – |
| 2023 | +34.9% | – |
| 2024 | +11.3% | +39.6% |
| 2025 | +5.6% | +12.4% |
| 2026 | +9.5% | +20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLX and NATL good diversifiers for each other?
Reasonably. At 0.41, DLX and NATL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DLX and NATL?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.32 over the last year and n/a over 5 years.
Is NATL a good diversifier for DLX?
Reasonably. At 0.41, DLX and NATL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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/dlx-vs-natl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dlx-vs-natl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DLX correlations · NATL correlations
