DSGX vs FIS: Correlation
Measured on weekly returns over the past three years, The Descartes Systems Group Inc. (DSGX) and Fidelity National Information Services (FIS) 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 DSGX and FIS?
Across a 3-year window, the weekly returns of DSGX and FIS correlate at 0.48, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.62 versus 0.48 over 3 years. Stretching to 5 years gives 0.41, with an annualized covariance of 414.4 %².
Within DSGX's tracked universe of 26 assets, FIS comes in at #14 by 3-year correlation. The last year tells two different stories: DSGX led by 20.9 percentage points, -19.1% for DSGX against -40.0% for FIS.
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 FIS: side by side
| DSGX (The Descartes Systems Group Inc.) | FIS (Fidelity National Information Services) | |
|---|---|---|
| 1-year return | -19.1% | -40.0% |
| 5-year return | +3.6% | -63.9% |
| Volatility (ann.) | 31.5% | 27.2% |
| Beta vs S&P 500 | 0.86 | 0.57 |
| Max drawdown (3Y) | -48.7% | -56.5% |
| Market cap | $6.9B | $20.9B |
| P/E (trailing) | 38.6 | 6.2 |
| Dividend yield | 0.00% | 4.13% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | DSGX | FIS |
|---|---|---|
| 2022 | -15.8% | -36.5% |
| 2023 | +20.7% | -8.2% |
| 2024 | +35.1% | +37.0% |
| 2025 | -22.8% | -15.8% |
| 2026 | -8.0% | -37.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSGX and FIS good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DSGX and FIS?
As of 2026-08-27, the correlation of weekly returns between DSGX and FIS is 0.48 over 3 years, 0.62 over 1 year and 0.41 over 5 years.
Is FIS a good diversifier for DSGX?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/dsgx-vs-fis.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dsgx-vs-fis/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DSGX correlations · FIS correlations
