ADBE vs PD: Correlation
Measured on weekly returns over the past three years, Adobe Inc. (ADBE) and PagerDuty, Inc. (PD) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADBE and PD?
On 3 years of weekly data the ADBE/PD correlation comes out at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 1042.2 %².
Within ADBE's tracked universe of 32 assets, PD comes in at #7 by 3-year correlation. Over the last 12 months ADBE came out ahead by 6.6 percentage points (-18.9% against -25.5%). Risk is not evenly split, since PD carries 1.5 times the volatility of the other side.
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 PD: side by side
| ADBE (Adobe Inc.) | PD (PagerDuty, Inc.) | |
|---|---|---|
| 1-year return | -18.9% | -25.5% |
| 5-year return | -56.6% | -70.4% |
| Volatility (ann.) | 35.1% | 52.9% |
| Beta vs S&P 500 | 1.04 | 1.44 |
| Max drawdown (3Y) | -69.5% | -78.4% |
| Market cap | $114.9B | $1.0B |
| P/E (trailing) | 15.6 | 5.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADBE | PD |
|---|---|---|
| 2022 | -40.7% | -23.6% |
| 2023 | +77.3% | -12.8% |
| 2024 | -25.5% | -21.1% |
| 2025 | -21.3% | -28.2% |
| 2026 | -17.4% | -3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADBE and PD good diversifiers for each other?
Only partially. A correlation of 0.56 means ADBE and PD 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 ADBE and PD?
As of 2026-08-27, the correlation of weekly returns between ADBE and PD is 0.56 over 3 years, 0.65 over 1 year and 0.55 over 5 years.
Is PD a good diversifier for ADBE?
Only partially. A correlation of 0.56 means ADBE and PD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
A reading of 0.56 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-pd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adbe-vs-pd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADBE correlations · PD correlations
