DSGX vs SPSC: Correlation
The Descartes Systems Group Inc. (DSGX) and SPS Commerce, Inc. (SPSC) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSGX and SPSC?
Over the past 3 years, DSGX and SPSC moved with a correlation of 0.57, which is moderate. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 791.0 %².
Within DSGX's tracked universe of 26 assets, SPSC comes in at #9 by 3-year correlation. Over the last 12 months DSGX came out ahead by 6.3 percentage points (-19.1% against -25.4%).
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 SPSC: side by side
| DSGX (The Descartes Systems Group Inc.) | SPSC (SPS Commerce, Inc.) | |
|---|---|---|
| 1-year return | -19.1% | -25.4% |
| 5-year return | +3.6% | -38.6% |
| Volatility (ann.) | 31.5% | 44.2% |
| Beta vs S&P 500 | 0.86 | 1.10 |
| Max drawdown (3Y) | -48.7% | -76.8% |
| Market cap | $6.9B | $3.0B |
| P/E (trailing) | 38.6 | 40.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSGX | SPSC |
|---|---|---|
| 2022 | -15.8% | -9.8% |
| 2023 | +20.7% | +50.9% |
| 2024 | +35.1% | -5.1% |
| 2025 | -22.8% | -51.6% |
| 2026 | -8.0% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSGX and SPSC good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DSGX and SPSC?
As of 2026-08-27, the correlation of weekly returns between DSGX and SPSC is 0.57 over 3 years, 0.61 over 1 year and 0.58 over 5 years.
Is SPSC a good diversifier for DSGX?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 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.
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Related comparisons
Hubs: DSGX correlations · SPSC correlations
