EXLS vs SSNC: Correlation
Measured on weekly returns over the past three years, ExlService Holdings, Inc. (EXLS) and SS&C Technologies Holdings, Inc. (SSNC) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXLS and SSNC?
On 3 years of weekly data the EXLS/SSNC correlation comes out at 0.63, strong. Recent behaviour matches the longer record: 0.68 over 1 year against 0.63 over 3. The 5-year figure is 0.55, and annualized covariance runs at 455.9 %².
Among the 47 assets we track against EXLS, SSNC ranks #4 by 3-year correlation. On 12-month performance SSNC holds a 8.0-point edge, -13.4% against -5.4%.
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 SSNC: side by side
| EXLS (ExlService Holdings, Inc.) | SSNC (SS&C Technologies Holdings, Inc.) | |
|---|---|---|
| 1-year return | -13.4% | -5.4% |
| 5-year return | +55.2% | +17.5% |
| Volatility (ann.) | 31.7% | 23.0% |
| Beta vs S&P 500 | 0.77 | 0.82 |
| Max drawdown (3Y) | -51.3% | -30.4% |
| Market cap | $5.8B | $19.6B |
| P/E (trailing) | 23.7 | 23.8 |
| Dividend yield | 0.00% | 1.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXLS | SSNC |
|---|---|---|
| 2022 | +17.0% | -35.7% |
| 2023 | -9.0% | +19.2% |
| 2024 | +43.9% | +25.8% |
| 2025 | -4.4% | +16.8% |
| 2026 | -10.0% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXLS and SSNC good diversifiers for each other?
Only partially. A correlation of 0.63 means EXLS and SSNC 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 SSNC?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.68 over the last year and 0.55 over 5 years.
Is SSNC a good diversifier for EXLS?
Only partially. A correlation of 0.63 means EXLS and SSNC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 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.
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Related comparisons
Hubs: EXLS correlations · SSNC correlations
