ADBE vs NOW: Correlation
Measured on weekly returns over the past three years, Adobe Inc. (ADBE) and ServiceNow (NOW) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADBE and NOW?
On 3 years of weekly data the ADBE/NOW correlation comes out at 0.62, strong. The link has tightened recently: the 1-year correlation (0.75) runs above the 3-year figure (0.62). The 5-year figure is 0.67, and annualized covariance runs at 941.1 %².
Few assets follow ADBE as closely as NOW, which ranks #2 of 32 tracked partners. Twelve-month performance is nearly a tie, at -18.9% for ADBE and -22.1% for NOW. On a rolling one-year basis the correlation drifted between 0.33 and 0.77, 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.
ADBE vs NOW: side by side
| ADBE (Adobe Inc.) | NOW (ServiceNow) | |
|---|---|---|
| 1-year return | -18.9% | -22.1% |
| 5-year return | -56.6% | +7.9% |
| Volatility (ann.) | 35.1% | 43.2% |
| Beta vs S&P 500 | 1.04 | 1.38 |
| Max drawdown (3Y) | -69.5% | -64.5% |
| Market cap | $114.9B | $143.1B |
| P/E (trailing) | 15.6 | 78.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | ADBE | NOW |
|---|---|---|
| 2022 | -40.7% | -40.2% |
| 2023 | +77.3% | +82.0% |
| 2024 | -25.5% | +50.1% |
| 2025 | -21.3% | -27.7% |
| 2026 | -17.4% | -9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADBE and NOW good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADBE and NOW?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.75 over the last year and 0.67 over 5 years.
Is NOW a good diversifier for ADBE?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 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/adbe-vs-now.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adbe-vs-now/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADBE correlations · NOW correlations
