ADSK vs GWRE: Correlation
How closely do Autodesk (ADSK) and Guidewire Software, Inc. (GWRE) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADSK and GWRE?
Across a 3-year window, the weekly returns of ADSK and GWRE correlate at 0.59, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.77 versus 0.59 over 3 years. Stretching to 5 years gives 0.60, with an annualized covariance of 825.3 %².
By 3-year correlation, GWRE places #13 of the 44 assets tracked against ADSK. Twelve-month performance is nearly a tie, at -5.4% for ADSK and -7.1% for GWRE.
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.
ADSK vs GWRE: side by side
| ADSK (Autodesk) | GWRE (Guidewire Software, Inc.) | |
|---|---|---|
| 1-year return | -5.4% | -7.1% |
| 5-year return | -13.7% | +68.2% |
| Volatility (ann.) | 30.9% | 45.6% |
| Beta vs S&P 500 | 1.04 | 0.83 |
| Max drawdown (3Y) | -42.6% | -60.8% |
| Market cap | $57.1B | $16.7B |
| P/E (trailing) | 37.2 | 103.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADSK | GWRE |
|---|---|---|
| 2022 | -33.5% | -44.9% |
| 2023 | +30.3% | +74.3% |
| 2024 | +21.4% | +54.6% |
| 2025 | +0.1% | +19.2% |
| 2026 | -8.6% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSK and GWRE good diversifiers for each other?
To a limited degree. At 0.59 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 ADSK and GWRE?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.77 over the last year and 0.60 over 5 years.
Is GWRE a good diversifier for ADSK?
To a limited degree. At 0.59 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 0.59 mean?
A reading of 0.59 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/adsk-vs-gwre.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adsk-vs-gwre/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADSK correlations · GWRE correlations
