ACN vs WDAY: Correlation
How closely do Accenture (ACN) and Workday, Inc. (WDAY) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACN and WDAY?
On 3 years of weekly data the ACN/WDAY correlation comes out at 0.58, moderate. The link has tightened recently: the 1-year correlation (0.70) runs above the 3-year figure (0.58). The 5-year figure is 0.60, and annualized covariance runs at 753.5 %².
Among the 37 assets we track against ACN, WDAY ranks #11 by 3-year correlation. On 12-month performance WDAY holds a 9.9-point edge, -25.6% against -15.7%. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.21 to 0.71.
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.
ACN vs WDAY: side by side
| ACN (Accenture) | WDAY (Workday, Inc.) | |
|---|---|---|
| 1-year return | -25.6% | -15.7% |
| 5-year return | -39.6% | -28.7% |
| Volatility (ann.) | 32.6% | 40.0% |
| Beta vs S&P 500 | 0.69 | 1.09 |
| Max drawdown (3Y) | -68.2% | -63.4% |
| Market cap | $114.7B | $47.8B |
| P/E (trailing) | 14.5 | 59.6 |
| Dividend yield | 3.59% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | ACN | WDAY |
|---|---|---|
| 2022 | -34.8% | -38.7% |
| 2023 | +33.6% | +65.0% |
| 2024 | +1.9% | -6.5% |
| 2025 | -22.6% | -16.8% |
| 2026 | -28.7% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACN and WDAY good diversifiers for each other?
To a limited degree. At 0.58 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 ACN and WDAY?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.70 over the last year and 0.60 over 5 years.
Is WDAY a good diversifier for ACN?
To a limited degree. At 0.58 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 0.58 mean?
On the −1 to +1 scale, 0.58 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
$ curl https://www.pairbook.io/api/v1/pairs/acn-vs-wday.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acn-vs-wday/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACN correlations · WDAY correlations
