EXLS vs FDS: Correlation
Measured on weekly returns over the past three years, ExlService Holdings, Inc. (EXLS) and FactSet (FDS) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXLS and FDS?
On 3 years of weekly data the EXLS/FDS correlation comes out at 0.54, moderate. The link has tightened recently: the 1-year correlation (0.67) runs above the 3-year figure (0.54). The 5-year figure is 0.54, and annualized covariance runs at 545.2 %².
Within EXLS's tracked universe of 47 assets, FDS comes in at #27 by 3-year correlation. On 12-month performance EXLS holds a 5.2-point edge, -13.4% against -18.6%.
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.
EXLS vs FDS: side by side
| EXLS (ExlService Holdings, Inc.) | FDS (FactSet) | |
|---|---|---|
| 1-year return | -13.4% | -18.6% |
| 5-year return | +55.2% | -15.8% |
| Volatility (ann.) | 31.7% | 31.9% |
| Beta vs S&P 500 | 0.77 | 0.56 |
| Max drawdown (3Y) | -51.3% | -61.1% |
| Market cap | $5.8B | $10.8B |
| P/E (trailing) | 23.7 | 19.5 |
| Dividend yield | 0.00% | 1.51% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | EXLS | FDS |
|---|---|---|
| 2022 | +17.0% | -16.7% |
| 2023 | -9.0% | +20.0% |
| 2024 | +43.9% | +1.6% |
| 2025 | -4.4% | -38.9% |
| 2026 | -10.0% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXLS and FDS good diversifiers for each other?
Only partially. A correlation of 0.54 means EXLS and FDS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EXLS and FDS?
As of 2026-08-27, the correlation of weekly returns between EXLS and FDS is 0.54 over 3 years, 0.67 over 1 year and 0.54 over 5 years.
Is FDS a good diversifier for EXLS?
Only partially. A correlation of 0.54 means EXLS and FDS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
A reading of 0.54 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/exls-vs-fds.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/exls-vs-fds/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EXLS correlations · FDS correlations
