DSGX vs MFI: Correlation
Measured on weekly returns over the past three years, The Descartes Systems Group Inc. (DSGX) and mF International Limited - Class A (MFI) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSGX and MFI?
Across a 3-year window, the weekly returns of DSGX and MFI correlate at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.18) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -1290.9 %².
MFI is close to the least connected end of DSGX's tracked universe, ranking #23 of 26. Correlation aside, the last 12 months split them widely, with DSGX ahead by 56.2 points (-19.1% versus -75.3%). Risk is not evenly split, since MFI carries 5.7 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 MFI: side by side
| DSGX (The Descartes Systems Group Inc.) | MFI (mF International Limited - Class A) | |
|---|---|---|
| 1-year return | -19.1% | -75.3% |
| 5-year return | +3.6% | n/a |
| Volatility (ann.) | 31.5% | 180.8% |
| Beta vs S&P 500 | 0.86 | 2.81 |
| Max drawdown (3Y) | -48.7% | -95.8% |
| Market cap | $6.9B | $0.5B |
| P/E (trailing) | 38.6 | 5.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSGX | MFI |
|---|---|---|
| 2022 | -15.8% | – |
| 2023 | +20.7% | – |
| 2024 | +35.1% | – |
| 2025 | -22.8% | +245.6% |
| 2026 | -8.0% | -50.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSGX and MFI good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between DSGX and MFI?
As of 2026-08-27, the correlation of weekly returns between DSGX and MFI is -0.21 over 3 years, -0.18 over 1 year and n/a over 5 years.
Is MFI a good diversifier for DSGX?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dsgx-vs-mfi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dsgx-vs-mfi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DSGX correlations · MFI correlations
