ADBE vs SAP: Correlation
Adobe Inc. (ADBE) and SAP SE (SAP) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADBE and SAP?
On 3 years of weekly data the ADBE/SAP correlation comes out at 0.56, moderate. The link has tightened recently: the 1-year correlation (0.67) runs above the 3-year figure (0.56). The 5-year figure is 0.55, and annualized covariance runs at 576.4 %².
Among the 32 assets we track against ADBE, SAP ranks #8 by 3-year correlation. Twelve-month performance is nearly a tie, at -18.9% for ADBE and -18.2% for SAP.
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 SAP: side by side
| ADBE (Adobe Inc.) | SAP (SAP SE) | |
|---|---|---|
| 1-year return | -18.9% | -18.2% |
| 5-year return | -56.6% | +60.5% |
| Volatility (ann.) | 35.1% | 29.4% |
| Beta vs S&P 500 | 1.04 | 1.02 |
| Max drawdown (3Y) | -69.5% | -52.3% |
| Market cap | $114.9B | $255.3B |
| P/E (trailing) | 15.6 | 27.2 |
| Dividend yield | 0.00% | 1.18% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADBE | SAP |
|---|---|---|
| 2022 | -40.7% | -24.2% |
| 2023 | +77.3% | +52.3% |
| 2024 | -25.5% | +61.3% |
| 2025 | -21.3% | -0.4% |
| 2026 | -17.4% | -7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADBE and SAP good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADBE and SAP?
As of 2026-08-27, the correlation of weekly returns between ADBE and SAP is 0.56 over 3 years, 0.67 over 1 year and 0.55 over 5 years.
Is SAP a good diversifier for ADBE?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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/adbe-vs-sap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adbe-vs-sap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADBE correlations · SAP correlations
