ADBE vs WDAY: Correlation
Measured on weekly returns over the past three years, Adobe Inc. (ADBE) and Workday, Inc. (WDAY) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADBE and WDAY?
Across a 3-year window, the weekly returns of ADBE and WDAY correlate at 0.58, moderate. The past 12 months show a tighter link (0.80) than the 3-year average (0.58). Stretching to 5 years gives 0.63, with an annualized covariance of 809.2 %².
By 3-year correlation, WDAY places #4 of the 32 assets tracked against ADBE. Neither side won the trailing year by much: -18.9% against -15.7%. The relationship is regime-dependent: the rolling one-year correlation swung between 0.18 and 0.82 over the past three years, so this pair behaves very differently depending on the market environment.
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 WDAY: side by side
| ADBE (Adobe Inc.) | WDAY (Workday, Inc.) | |
|---|---|---|
| 1-year return | -18.9% | -15.7% |
| 5-year return | -56.6% | -28.7% |
| Volatility (ann.) | 35.1% | 40.0% |
| Beta vs S&P 500 | 1.04 | 1.09 |
| Max drawdown (3Y) | -69.5% | -63.4% |
| Market cap | $114.9B | $47.8B |
| P/E (trailing) | 15.6 | 59.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | ADBE | WDAY |
|---|---|---|
| 2022 | -40.7% | -38.7% |
| 2023 | +77.3% | +65.0% |
| 2024 | -25.5% | -6.5% |
| 2025 | -21.3% | -16.8% |
| 2026 | -17.4% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADBE and WDAY good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADBE and WDAY?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.80 over the last year and 0.63 over 5 years.
Is WDAY a good diversifier for ADBE?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
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/adbe-vs-wday.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adbe-vs-wday/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADBE correlations · WDAY correlations
