DXC vs QDEL: Correlation
How closely do DXC Technology Company (DXC) and QuidelOrtho Corporation (QDEL) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXC and QDEL?
Across a 3-year window, the weekly returns of DXC and QDEL correlate at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Stretching to 5 years gives 0.30, with an annualized covariance of 1075.9 %².
Among the 16 assets we track against DXC, QDEL ranks #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DXC outperformed by 21.7 percentage points (-23.1% for DXC against -44.8% for QDEL). One caveat on sizing: QDEL is 1.7 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.
DXC vs QDEL: side by side
| DXC (DXC Technology Company) | QDEL (QuidelOrtho Corporation) | |
|---|---|---|
| 1-year return | -23.1% | -44.8% |
| 5-year return | -69.7% | -88.2% |
| Volatility (ann.) | 39.0% | 66.5% |
| Beta vs S&P 500 | 0.97 | 1.10 |
| Max drawdown (3Y) | -67.2% | -88.1% |
| Market cap | $1.8B | $1.1B |
| P/E (trailing) | 14.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DXC | QDEL |
|---|---|---|
| 2022 | -17.7% | -36.5% |
| 2023 | -13.7% | -14.0% |
| 2024 | -12.6% | -39.6% |
| 2025 | -26.7% | -35.9% |
| 2026 | -24.9% | -46.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXC and QDEL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DXC and QDEL?
The DXC/QDEL correlation stands at 0.42 on a 3-year window (1 year: 0.51, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is QDEL a good diversifier for DXC?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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/dxc-vs-qdel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dxc-vs-qdel/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DXC correlations · QDEL correlations
