PTC vs SNPS: Correlation
Measured on weekly returns over the past three years, PTC Inc. (PTC) and Synopsys (SNPS) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PTC and SNPS?
Over the past 3 years, PTC and SNPS moved with a correlation of 0.52, which is moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.52 over 3. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 626.6 %².
Within PTC's tracked universe of 32 assets, SNPS comes in at #14 by 3-year correlation. Twelve-month performance is nearly a tie, at -26.6% for PTC and -22.9% for SNPS. On a rolling one-year basis the correlation drifted between 0.43 and 0.72, a moderate band.
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.
PTC vs SNPS: side by side
| PTC (PTC Inc.) | SNPS (Synopsys) | |
|---|---|---|
| 1-year return | -26.6% | -22.9% |
| 5-year return | +20.0% | +39.1% |
| Volatility (ann.) | 28.8% | 42.2% |
| Beta vs S&P 500 | 1.02 | 1.57 |
| Max drawdown (3Y) | -48.1% | -42.3% |
| Market cap | $17.2B | $89.1B |
| P/E (trailing) | 14.7 | 71.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | PTC | SNPS |
|---|---|---|
| 2022 | -0.9% | -13.4% |
| 2023 | +45.8% | +61.3% |
| 2024 | +5.1% | -5.7% |
| 2025 | -5.3% | -3.2% |
| 2026 | -8.8% | -1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PTC and SNPS good diversifiers for each other?
To a limited degree. At 0.52 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 PTC and SNPS?
The PTC/SNPS correlation stands at 0.52 on a 3-year window (1 year: 0.43, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is SNPS a good diversifier for PTC?
To a limited degree. At 0.52 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 0.52 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.
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Related comparisons
Hubs: PTC correlations · SNPS correlations
