DXC vs IBM: Correlation
How closely do DXC Technology Company (DXC) and IBM (IBM) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXC and IBM?
On 3 years of weekly data the DXC/IBM correlation comes out at 0.41, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. The 5-year figure is 0.36, and annualized covariance runs at 548.9 %².
Within DXC's tracked universe of 16 assets, IBM comes in at #11 by 3-year correlation. The last year tells two different stories: IBM led by 23.2 percentage points, -23.1% for DXC against +0.1% for IBM.
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.
DXC vs IBM: side by side
| DXC (DXC Technology Company) | IBM (IBM) | |
|---|---|---|
| 1-year return | -23.1% | +0.1% |
| 5-year return | -69.7% | +117.6% |
| Volatility (ann.) | 39.0% | 34.7% |
| Beta vs S&P 500 | 0.97 | 0.78 |
| Max drawdown (3Y) | -67.2% | -37.5% |
| Market cap | $1.8B | $225.0B |
| P/E (trailing) | 14.3 | 20.4 |
| Dividend yield | 0.00% | 2.93% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | DXC | IBM |
|---|---|---|
| 2022 | -17.7% | +10.6% |
| 2023 | -13.7% | +21.8% |
| 2024 | -12.6% | +39.3% |
| 2025 | -26.7% | +38.2% |
| 2026 | -24.9% | -17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXC and IBM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DXC and IBM?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.46 over the last year and 0.36 over 5 years.
Is IBM a good diversifier for DXC?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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/dxc-vs-ibm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dxc-vs-ibm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DXC correlations · IBM correlations
