FDS vs SPGI: Correlation
Measured on weekly returns over the past three years, FactSet (FDS) and S&P Global (SPGI) 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 FDS and SPGI?
Over the past 3 years, FDS and SPGI moved with a correlation of 0.63, which is strong. The relationship has been stable: the 1-year correlation (0.71) sits close to the 3-year figure. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 492.3 %².
Among the 32 assets we track against FDS, SPGI ranks #4 by 3-year correlation. Their 12-month results are close: -18.6% for FDS against -15.6% for SPGI. Across three years, the rolling one-year figure varied moderately, from 0.39 to 0.72.
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 SPGI: side by side
| FDS (FactSet) | SPGI (S&P Global) | |
|---|---|---|
| 1-year return | -18.6% | -15.6% |
| 5-year return | -15.8% | +8.1% |
| Volatility (ann.) | 31.9% | 24.7% |
| Beta vs S&P 500 | 0.56 | 0.86 |
| Max drawdown (3Y) | -61.1% | -30.5% |
| Market cap | $10.8B | $128.4B |
| P/E (trailing) | 19.5 | 26.6 |
| Dividend yield | 1.51% | 0.88% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | FDS | SPGI |
|---|---|---|
| 2022 | -16.7% | -28.4% |
| 2023 | +20.0% | +32.8% |
| 2024 | +1.6% | +13.9% |
| 2025 | -38.9% | +5.7% |
| 2026 | +6.0% | -11.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FDS and SPGI good diversifiers for each other?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FDS and SPGI?
As of 2026-08-27, the correlation of weekly returns between FDS and SPGI is 0.63 over 3 years, 0.71 over 1 year and 0.63 over 5 years.
Is SPGI a good diversifier for FDS?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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.
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Related comparisons
Hubs: FDS correlations · SPGI correlations
