ADSK vs IOT: Correlation
Autodesk (ADSK) and Samsara Inc. (IOT) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADSK and IOT?
On 3 years of weekly data the ADSK/IOT correlation comes out at 0.61, strong. The relationship has been stable: the 1-year correlation (0.67) sits close to the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 1117.8 %².
Among the 44 assets we track against ADSK, IOT ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IOT outperformed by 22.8 percentage points (-5.4% for ADSK against +17.4% for IOT). Note the risk asymmetry: IOT runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 IOT: side by side
| ADSK (Autodesk) | IOT (Samsara Inc.) | |
|---|---|---|
| 1-year return | -5.4% | +17.4% |
| 5-year return | -13.7% | +69.5% |
| Volatility (ann.) | 30.9% | 59.7% |
| Beta vs S&P 500 | 1.04 | 1.74 |
| Max drawdown (3Y) | -42.6% | -60.2% |
| Market cap | $57.1B | – |
| P/E (trailing) | 37.2 | 418.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADSK | IOT |
|---|---|---|
| 2022 | -33.5% | -55.8% |
| 2023 | +30.3% | +168.5% |
| 2024 | +21.4% | +30.9% |
| 2025 | +0.1% | -18.9% |
| 2026 | -8.6% | +18.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSK and IOT good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADSK and IOT?
The ADSK/IOT correlation stands at 0.61 on a 3-year window (1 year: 0.67, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is IOT a good diversifier for ADSK?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adsk-vs-iot.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adsk-vs-iot/)
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Related comparisons
Hubs: ADSK correlations · IOT correlations
