DSGX vs NOW: Correlation
The Descartes Systems Group Inc. (DSGX) and ServiceNow (NOW) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSGX and NOW?
On 3 years of weekly data the DSGX/NOW correlation comes out at 0.63, strong. Little has changed lately, as the 1-year reading of 0.65 lands near the 3-year figure. The 5-year figure is 0.64, and annualized covariance runs at 852.7 %².
In DSGX's tracked universe of 26 assets, NOW sits right near the top at #2. Twelve-month performance is nearly a tie, at -19.1% for DSGX and -22.1% for NOW.
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 NOW: side by side
| DSGX (The Descartes Systems Group Inc.) | NOW (ServiceNow) | |
|---|---|---|
| 1-year return | -19.1% | -22.1% |
| 5-year return | +3.6% | +7.9% |
| Volatility (ann.) | 31.5% | 43.2% |
| Beta vs S&P 500 | 0.86 | 1.38 |
| Max drawdown (3Y) | -48.7% | -64.5% |
| Market cap | $6.9B | $143.1B |
| P/E (trailing) | 38.6 | 78.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | DSGX | NOW |
|---|---|---|
| 2022 | -15.8% | -40.2% |
| 2023 | +20.7% | +82.0% |
| 2024 | +35.1% | +50.1% |
| 2025 | -22.8% | -27.7% |
| 2026 | -8.0% | -9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSGX and NOW good diversifiers for each other?
To a limited degree. At 0.63 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 NOW?
As of 2026-08-27, the correlation of weekly returns between DSGX and NOW is 0.63 over 3 years, 0.65 over 1 year and 0.64 over 5 years.
Is NOW a good diversifier for DSGX?
To a limited degree. At 0.63 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 0.63 mean?
A reading of 0.63 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dsgx-vs-now.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dsgx-vs-now/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DSGX correlations · NOW correlations
