ADSK vs NOW: Correlation
Autodesk (ADSK) and ServiceNow (NOW) 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 NOW?
On 3 years of weekly data the ADSK/NOW correlation comes out at 0.61, strong. Recent behaviour matches the longer record: 0.64 over 1 year against 0.61 over 3. The 5-year figure is 0.65, and annualized covariance runs at 812.5 %².
By 3-year correlation, NOW places #5 of the 44 assets tracked against ADSK. The last year tells two different stories: ADSK led by 16.7 percentage points, -5.4% for ADSK against -22.1% for NOW. Stability stands out here, with the rolling one-year correlation confined to 0.52 through 0.75.
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 NOW: side by side
| ADSK (Autodesk) | NOW (ServiceNow) | |
|---|---|---|
| 1-year return | -5.4% | -22.1% |
| 5-year return | -13.7% | +7.9% |
| Volatility (ann.) | 30.9% | 43.2% |
| Beta vs S&P 500 | 1.04 | 1.38 |
| Max drawdown (3Y) | -42.6% | -64.5% |
| Market cap | $57.1B | $143.1B |
| P/E (trailing) | 37.2 | 78.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | ADSK | NOW |
|---|---|---|
| 2022 | -33.5% | -40.2% |
| 2023 | +30.3% | +82.0% |
| 2024 | +21.4% | +50.1% |
| 2025 | +0.1% | -27.7% |
| 2026 | -8.6% | -9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSK and NOW good diversifiers for each other?
To a limited degree. At 0.61 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 NOW?
As of 2026-08-27, the correlation of weekly returns between ADSK and NOW is 0.61 over 3 years, 0.64 over 1 year and 0.65 over 5 years.
Is NOW a good diversifier for ADSK?
To a limited degree. At 0.61 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 0.61 mean?
On the −1 to +1 scale, 0.61 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/adsk-vs-now.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adsk-vs-now/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADSK correlations · NOW correlations
