MCO vs NCNO: Correlation
Moody's Corporation (MCO) and nCino, Inc. (NCNO) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCO and NCNO?
Across a 3-year window, the weekly returns of MCO and NCNO correlate at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Stretching to 5 years gives 0.52, with an annualized covariance of 619.3 %².
Among the 53 assets we track against MCO, NCNO ranks #32 by 3-year correlation. The last year tells two different stories: MCO led by 29.4 percentage points, +0.7% for MCO against -28.7% for NCNO. One caveat on sizing: NCNO is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MCO vs NCNO: side by side
| MCO (Moody's Corporation) | NCNO (nCino, Inc.) | |
|---|---|---|
| 1-year return | +0.7% | -28.7% |
| 5-year return | +39.4% | -62.7% |
| Volatility (ann.) | 25.8% | 46.7% |
| Beta vs S&P 500 | 1.08 | 1.44 |
| Max drawdown (3Y) | -24.7% | -67.1% |
| Market cap | $88.2B | $2.5B |
| P/E (trailing) | 32.7 | 68.6 |
| Dividend yield | 0.77% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | MCO | NCNO |
|---|---|---|
| 2022 | -28.0% | -51.8% |
| 2023 | +41.5% | +27.2% |
| 2024 | +22.2% | -0.1% |
| 2025 | +8.7% | -23.6% |
| 2026 | +0.3% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCO and NCNO good diversifiers for each other?
Only partially. A correlation of 0.52 means MCO and NCNO 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 MCO and NCNO?
As of 2026-08-27, the correlation of weekly returns between MCO and NCNO is 0.52 over 3 years, 0.62 over 1 year and 0.52 over 5 years.
Is NCNO a good diversifier for MCO?
Only partially. A correlation of 0.52 means MCO and NCNO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
A reading of 0.52 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/mco-vs-ncno.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mco-vs-ncno/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MCO correlations · NCNO correlations
