DOX vs LDOS: Correlation
Measured on weekly returns over the past three years, Amdocs Limited (DOX) and Leidos (LDOS) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOX and LDOS?
Across a 3-year window, the weekly returns of DOX and LDOS correlate at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 323.8 %².
By 3-year correlation, LDOS places #11 of the 22 assets tracked against DOX. Neither side won the trailing year by much: -25.6% against -22.9%.
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 LDOS: side by side
| DOX (Amdocs Limited) | LDOS (Leidos) | |
|---|---|---|
| 1-year return | -25.6% | -22.9% |
| 5-year return | -8.4% | +52.1% |
| Volatility (ann.) | 21.3% | 31.4% |
| Beta vs S&P 500 | 0.54 | 0.87 |
| Max drawdown (3Y) | -45.5% | -49.5% |
| Market cap | $6.5B | $17.6B |
| P/E (trailing) | 14.8 | 12.8 |
| Dividend yield | 3.52% | 1.23% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | DOX | LDOS |
|---|---|---|
| 2022 | +23.8% | +20.0% |
| 2023 | -1.4% | +4.5% |
| 2024 | -0.9% | +34.5% |
| 2025 | -3.1% | +26.5% |
| 2026 | -20.6% | -22.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOX and LDOS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DOX and LDOS?
As of 2026-08-27, the correlation of weekly returns between DOX and LDOS is 0.48 over 3 years, 0.48 over 1 year and 0.49 over 5 years.
Is LDOS a good diversifier for DOX?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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-ldos.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dox-vs-ldos/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DOX correlations · LDOS correlations
