DY vs FIX: Correlation
Measured on weekly returns over the past three years, Dycom Industries, Inc. (DY) and Comfort Systems USA (FIX) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DY and FIX?
Over the past 3 years, DY and FIX moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 994.4 %².
Few assets follow DY as closely as FIX, which ranks #3 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months FIX outperformed by 107.5 percentage points (+20.5% for DY against +128.0% for FIX).
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.
DY vs FIX: side by side
| DY (Dycom Industries, Inc.) | FIX (Comfort Systems USA) | |
|---|---|---|
| 1-year return | +20.5% | +128.0% |
| 5-year return | +304.3% | +2077.9% |
| Volatility (ann.) | 43.4% | 47.4% |
| Beta vs S&P 500 | 0.97 | 1.74 |
| Max drawdown (3Y) | -42.4% | -46.0% |
| Market cap | $9.3B | $56.8B |
| P/E (trailing) | 28.4 | 39.8 |
| Dividend yield | 0.00% | 0.16% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | DY | FIX |
|---|---|---|
| 2022 | -0.2% | +17.0% |
| 2023 | +23.0% | +79.6% |
| 2024 | +51.2% | +106.9% |
| 2025 | +94.1% | +120.9% |
| 2026 | -8.8% | +73.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DY and FIX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DY and FIX?
As of 2026-08-27, the correlation of weekly returns between DY and FIX is 0.48 over 3 years, 0.46 over 1 year and 0.49 over 5 years.
Is FIX a good diversifier for DY?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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/dy-vs-fix.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dy-vs-fix/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DY correlations · FIX correlations
