DXC vs ZTS: Correlation
Measured on weekly returns over the past three years, DXC Technology Company (DXC) and Zoetis (ZTS) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXC and ZTS?
Over the past 3 years, DXC and ZTS moved with a correlation of 0.43, which is moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.43 over 3. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 506.9 %².
By 3-year correlation, ZTS places #9 of the 16 assets tracked against DXC. Their recent paths diverged sharply: over the last 12 months DXC outperformed by 27.7 percentage points (-23.1% for DXC against -50.8% for ZTS).
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 ZTS: side by side
| DXC (DXC Technology Company) | ZTS (Zoetis) | |
|---|---|---|
| 1-year return | -23.1% | -50.8% |
| 5-year return | -69.7% | -61.5% |
| Volatility (ann.) | 39.0% | 30.1% |
| Beta vs S&P 500 | 0.97 | 0.51 |
| Max drawdown (3Y) | -67.2% | -63.0% |
| Market cap | $1.8B | $31.0B |
| P/E (trailing) | 14.3 | 12.7 |
| Dividend yield | 0.00% | 2.66% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | DXC | ZTS |
|---|---|---|
| 2022 | -17.7% | -39.5% |
| 2023 | -13.7% | +35.9% |
| 2024 | -12.6% | -16.6% |
| 2025 | -26.7% | -21.8% |
| 2026 | -24.9% | -39.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXC and ZTS good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DXC and ZTS?
The DXC/ZTS correlation stands at 0.43 on a 3-year window (1 year: 0.49, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is ZTS a good diversifier for DXC?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dxc-vs-zts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dxc-vs-zts/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DXC correlations · ZTS correlations
