FDS vs MCO: Correlation
Measured on weekly returns over the past three years, FactSet (FDS) and Moody's Corporation (MCO) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FDS and MCO?
Over the past 3 years, FDS and MCO moved with a correlation of 0.59, which is moderate. Recent behaviour matches the longer record: 0.66 over 1 year against 0.59 over 3. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 481.8 %².
Within FDS's tracked universe of 32 assets, MCO comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MCO ahead by 19.3 points (-18.6% versus +0.7%). Stability stands out here, with the rolling one-year correlation confined to 0.48 through 0.67.
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.
FDS vs MCO: side by side
| FDS (FactSet) | MCO (Moody's Corporation) | |
|---|---|---|
| 1-year return | -18.6% | +0.7% |
| 5-year return | -15.8% | +39.4% |
| Volatility (ann.) | 31.9% | 25.8% |
| Beta vs S&P 500 | 0.56 | 1.08 |
| Max drawdown (3Y) | -61.1% | -24.7% |
| Market cap | $10.8B | $88.2B |
| P/E (trailing) | 19.5 | 32.7 |
| Dividend yield | 1.51% | 0.77% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | FDS | MCO |
|---|---|---|
| 2022 | -16.7% | -28.0% |
| 2023 | +20.0% | +41.5% |
| 2024 | +1.6% | +22.2% |
| 2025 | -38.9% | +8.7% |
| 2026 | +6.0% | +0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FDS and MCO good diversifiers for each other?
Only partially. A correlation of 0.59 means FDS and MCO 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 FDS and MCO?
The FDS/MCO correlation stands at 0.59 on a 3-year window (1 year: 0.66, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is MCO a good diversifier for FDS?
Only partially. A correlation of 0.59 means FDS and MCO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
A reading of 0.59 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/fds-vs-mco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fds-vs-mco/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FDS correlations · MCO correlations
