DSGX vs NABL: Correlation
The Descartes Systems Group Inc. (DSGX) and N-able, Inc. (NABL) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSGX and NABL?
Over the past 3 years, DSGX and NABL moved with a correlation of 0.50, which is moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.50). Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 778.3 %².
Among the 26 assets we track against DSGX, NABL ranks #13 by 3-year correlation. The last year tells two different stories: DSGX led by 31.4 percentage points, -19.1% for DSGX against -50.5% for NABL. One caveat on sizing: NABL is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 NABL: side by side
| DSGX (The Descartes Systems Group Inc.) | NABL (N-able, Inc.) | |
|---|---|---|
| 1-year return | -19.1% | -50.5% |
| 5-year return | +3.6% | -69.9% |
| Volatility (ann.) | 31.5% | 49.3% |
| Beta vs S&P 500 | 0.86 | 0.78 |
| Max drawdown (3Y) | -48.7% | -80.4% |
| Market cap | $6.9B | $0.7B |
| P/E (trailing) | 38.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSGX | NABL |
|---|---|---|
| 2022 | -15.8% | -7.4% |
| 2023 | +20.7% | +28.9% |
| 2024 | +35.1% | -29.5% |
| 2025 | -22.8% | -19.9% |
| 2026 | -8.0% | -47.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSGX and NABL good diversifiers for each other?
To a limited degree. At 0.50 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 NABL?
The DSGX/NABL correlation stands at 0.50 on a 3-year window (1 year: 0.63, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is NABL a good diversifier for DSGX?
To a limited degree. At 0.50 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 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DSGX correlations · NABL correlations
