DSGX vs MANH: Correlation
The Descartes Systems Group Inc. (DSGX) and Manhattan Associates, Inc. (MANH) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSGX and MANH?
Over the past 3 years, DSGX and MANH moved with a correlation of 0.56, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.68 versus 0.56 over 3 years. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 739.4 %².
By 3-year correlation, MANH places #10 of the 26 assets tracked against DSGX. Their recent paths diverged sharply: over the last 12 months MANH outperformed by 21.3 percentage points (-19.1% for DSGX against +2.2% for MANH).
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 MANH: side by side
| DSGX (The Descartes Systems Group Inc.) | MANH (Manhattan Associates, Inc.) | |
|---|---|---|
| 1-year return | -19.1% | +2.2% |
| 5-year return | +3.6% | +35.7% |
| Volatility (ann.) | 31.5% | 41.7% |
| Beta vs S&P 500 | 0.86 | 1.25 |
| Max drawdown (3Y) | -48.7% | -61.0% |
| Market cap | $6.9B | $13.0B |
| P/E (trailing) | 38.6 | 63.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSGX | MANH |
|---|---|---|
| 2022 | -15.8% | -21.9% |
| 2023 | +20.7% | +77.4% |
| 2024 | +35.1% | +25.5% |
| 2025 | -22.8% | -35.9% |
| 2026 | -8.0% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSGX and MANH good diversifiers for each other?
To a limited degree. At 0.56 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 MANH?
As of 2026-08-27, the correlation of weekly returns between DSGX and MANH is 0.56 over 3 years, 0.68 over 1 year and 0.58 over 5 years.
Is MANH a good diversifier for DSGX?
To a limited degree. At 0.56 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 0.56 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-manh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dsgx-vs-manh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DSGX correlations · MANH correlations
