DSGX vs FDS: Correlation
The Descartes Systems Group Inc. (DSGX) and FactSet (FDS) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSGX and FDS?
Across a 3-year window, the weekly returns of DSGX and FDS correlate at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Stretching to 5 years gives 0.55, with an annualized covariance of 577.3 %².
Within DSGX's tracked universe of 26 assets, FDS comes in at #8 by 3-year correlation. Their 12-month results are close: -19.1% for DSGX against -18.6% for FDS.
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.
DSGX vs FDS: side by side
| DSGX (The Descartes Systems Group Inc.) | FDS (FactSet) | |
|---|---|---|
| 1-year return | -19.1% | -18.6% |
| 5-year return | +3.6% | -15.8% |
| Volatility (ann.) | 31.5% | 31.9% |
| Beta vs S&P 500 | 0.86 | 0.56 |
| Max drawdown (3Y) | -48.7% | -61.1% |
| Market cap | $6.9B | $10.8B |
| P/E (trailing) | 38.6 | 19.5 |
| Dividend yield | 0.00% | 1.51% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | DSGX | FDS |
|---|---|---|
| 2022 | -15.8% | -16.7% |
| 2023 | +20.7% | +20.0% |
| 2024 | +35.1% | +1.6% |
| 2025 | -22.8% | -38.9% |
| 2026 | -8.0% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSGX and FDS good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DSGX and FDS?
The DSGX/FDS correlation stands at 0.57 on a 3-year window (1 year: 0.62, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is FDS a good diversifier for DSGX?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
A reading of 0.57 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/dsgx-vs-fds.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dsgx-vs-fds/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DSGX correlations · FDS correlations
