DOW vs PRGS: Correlation
Dow Inc. (DOW) and Progress Software Corporation (PRGS) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOW and PRGS?
On 3 years of weekly data the DOW/PRGS correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.31) runs below the 3-year figure (-0.16). The 5-year figure is -0.03, and annualized covariance runs at -212.9 %².
Among the 32 assets we track against DOW, PRGS ranks #25 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DOW ahead by 32.5 points (+29.0% versus -3.5%).
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.
DOW vs PRGS: side by side
| DOW (Dow Inc.) | PRGS (Progress Software Corporation) | |
|---|---|---|
| 1-year return | +29.0% | -3.5% |
| 5-year return | -38.4% | +1.2% |
| Volatility (ann.) | 35.2% | 38.3% |
| Beta vs S&P 500 | 0.62 | 0.62 |
| Max drawdown (3Y) | -62.2% | -64.1% |
| Market cap | $21.9B | $1.9B |
| P/E (trailing) | – | 22.0 |
| Dividend yield | 4.62% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | DOW | PRGS |
|---|---|---|
| 2022 | -6.6% | +6.0% |
| 2023 | +14.7% | +8.9% |
| 2024 | -22.8% | +21.2% |
| 2025 | -37.4% | -34.1% |
| 2026 | +32.6% | +5.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOW and PRGS good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DOW and PRGS?
The DOW/PRGS correlation stands at -0.16 on a 3-year window (1 year: -0.31, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is PRGS a good diversifier for DOW?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
A reading of -0.16 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/dow-vs-prgs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dow-vs-prgs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DOW correlations · PRGS correlations
