DOX vs IBM: Correlation
How closely do Amdocs Limited (DOX) and IBM (IBM) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOX and IBM?
Across a 3-year window, the weekly returns of DOX and IBM correlate at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 330.9 %².
By 3-year correlation, IBM places #12 of the 22 assets tracked against DOX. Their recent paths diverged sharply: over the last 12 months IBM outperformed by 25.7 percentage points (-25.6% for DOX against +0.1% for IBM). Risk is not evenly split, since IBM carries 1.6 times the volatility of the other side.
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.
DOX vs IBM: side by side
| DOX (Amdocs Limited) | IBM (IBM) | |
|---|---|---|
| 1-year return | -25.6% | +0.1% |
| 5-year return | -8.4% | +117.6% |
| Volatility (ann.) | 21.3% | 34.7% |
| Beta vs S&P 500 | 0.54 | 0.78 |
| Max drawdown (3Y) | -45.5% | -37.5% |
| Market cap | $6.5B | $225.0B |
| P/E (trailing) | 14.8 | 20.4 |
| Dividend yield | 3.52% | 2.93% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | DOX | IBM |
|---|---|---|
| 2022 | +23.8% | +10.6% |
| 2023 | -1.4% | +21.8% |
| 2024 | -0.9% | +39.3% |
| 2025 | -3.1% | +38.2% |
| 2026 | -20.6% | -17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOX and IBM good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DOX and IBM?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.44 over the last year and 0.42 over 5 years.
Is IBM a good diversifier for DOX?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 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/dox-vs-ibm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dox-vs-ibm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DOX correlations · IBM correlations
