DOX vs MMS: Correlation
Measured on weekly returns over the past three years, Amdocs Limited (DOX) and Maximus, Inc. (MMS) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOX and MMS?
Over the past 3 years, DOX and MMS moved with a correlation of 0.53, which is moderate. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 341.6 %².
Among the 22 assets we track against DOX, MMS ranks #7 by 3-year correlation. Over the last 12 months DOX came out ahead by 5.1 percentage points (-25.6% against -30.7%).
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 MMS: side by side
| DOX (Amdocs Limited) | MMS (Maximus, Inc.) | |
|---|---|---|
| 1-year return | -25.6% | -30.7% |
| 5-year return | -8.4% | -25.0% |
| Volatility (ann.) | 21.3% | 30.4% |
| Beta vs S&P 500 | 0.54 | 0.50 |
| Max drawdown (3Y) | -45.5% | -45.1% |
| Market cap | $6.5B | $3.1B |
| P/E (trailing) | 14.8 | 8.7 |
| Dividend yield | 3.52% | 2.14% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOX | MMS |
|---|---|---|
| 2022 | +23.8% | -6.4% |
| 2023 | -1.4% | +16.0% |
| 2024 | -0.9% | -9.7% |
| 2025 | -3.1% | +17.5% |
| 2026 | -20.6% | -29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOX and MMS good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DOX and MMS?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.56 over the last year and 0.53 over 5 years.
Is MMS a good diversifier for DOX?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 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-mms.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dox-vs-mms/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DOX correlations · MMS correlations
