DSGX vs IOT: Correlation
Measured on weekly returns over the past three years, The Descartes Systems Group Inc. (DSGX) and Samsara Inc. (IOT) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSGX and IOT?
Over the past 3 years, DSGX and IOT moved with a correlation of 0.66, which is strong. The past 12 months show a tighter link (0.78) than the 3-year average (0.66). Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 1242.7 %².
In DSGX's tracked universe of 26 assets, IOT sits right near the top at #1. Correlation aside, the last 12 months split them widely, with IOT ahead by 36.5 points (-19.1% versus +17.4%). Risk is not evenly split, since IOT carries 1.9 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.
DSGX vs IOT: side by side
| DSGX (The Descartes Systems Group Inc.) | IOT (Samsara Inc.) | |
|---|---|---|
| 1-year return | -19.1% | +17.4% |
| 5-year return | +3.6% | +69.5% |
| Volatility (ann.) | 31.5% | 59.7% |
| Beta vs S&P 500 | 0.86 | 1.74 |
| Max drawdown (3Y) | -48.7% | -60.2% |
| Market cap | $6.9B | – |
| P/E (trailing) | 38.6 | 418.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSGX | IOT |
|---|---|---|
| 2022 | -15.8% | -55.8% |
| 2023 | +20.7% | +168.5% |
| 2024 | +35.1% | +30.9% |
| 2025 | -22.8% | -18.9% |
| 2026 | -8.0% | +18.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSGX and IOT good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DSGX and IOT?
As of 2026-08-27, the correlation of weekly returns between DSGX and IOT is 0.66 over 3 years, 0.78 over 1 year and 0.59 over 5 years.
Is IOT a good diversifier for DSGX?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 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-iot.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dsgx-vs-iot/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DSGX correlations · IOT correlations
