KD vs SPSC: Correlation
Kyndryl Holdings, Inc. (KD) and SPS Commerce, Inc. (SPSC) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KD and SPSC?
On 3 years of weekly data the KD/SPSC correlation comes out at 0.54, moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 1285.9 %².
Within KD's tracked universe of 27 assets, SPSC comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPSC ahead by 32.6 points (-58.0% versus -25.4%).
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.
KD vs SPSC: side by side
| KD (Kyndryl Holdings, Inc.) | SPSC (SPS Commerce, Inc.) | |
|---|---|---|
| 1-year return | -58.0% | -25.4% |
| 5-year return | -67.5% | -38.6% |
| Volatility (ann.) | 53.4% | 44.2% |
| Beta vs S&P 500 | 1.59 | 1.10 |
| Max drawdown (3Y) | -75.6% | -76.8% |
| Market cap | $2.9B | $3.0B |
| P/E (trailing) | 34.0 | 40.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KD | SPSC |
|---|---|---|
| 2022 | -38.6% | -9.8% |
| 2023 | +86.9% | +50.9% |
| 2024 | +66.5% | -5.1% |
| 2025 | -23.2% | -51.6% |
| 2026 | -50.1% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KD and SPSC good diversifiers for each other?
Only partially. A correlation of 0.54 means KD and SPSC 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 KD and SPSC?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.60 over the last year and 0.49 over 5 years.
Is SPSC a good diversifier for KD?
Only partially. A correlation of 0.54 means KD and SPSC 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?
On the −1 to +1 scale, 0.54 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.
Use this data
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Related comparisons
Hubs: KD correlations · SPSC correlations
