ADSK vs SAP: Correlation
Measured on weekly returns over the past three years, Autodesk (ADSK) and SAP SE (SAP) 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 ADSK and SAP?
On 3 years of weekly data the ADSK/SAP correlation comes out at 0.58, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.71 versus 0.58 over 3 years. The 5-year figure is 0.63, and annualized covariance runs at 528.1 %².
Among the 44 assets we track against ADSK, SAP ranks #14 by 3-year correlation. On 12-month performance ADSK holds a 12.8-point edge, -5.4% against -18.2%.
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 SAP: side by side
| ADSK (Autodesk) | SAP (SAP SE) | |
|---|---|---|
| 1-year return | -5.4% | -18.2% |
| 5-year return | -13.7% | +60.5% |
| Volatility (ann.) | 30.9% | 29.4% |
| Beta vs S&P 500 | 1.04 | 1.02 |
| Max drawdown (3Y) | -42.6% | -52.3% |
| Market cap | $57.1B | $255.3B |
| P/E (trailing) | 37.2 | 27.2 |
| Dividend yield | 0.00% | 1.18% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADSK | SAP |
|---|---|---|
| 2022 | -33.5% | -24.2% |
| 2023 | +30.3% | +52.3% |
| 2024 | +21.4% | +61.3% |
| 2025 | +0.1% | -0.4% |
| 2026 | -8.6% | -7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSK and SAP good diversifiers for each other?
To a limited degree. At 0.58 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 SAP?
As of 2026-08-27, the correlation of weekly returns between ADSK and SAP is 0.58 over 3 years, 0.71 over 1 year and 0.63 over 5 years.
Is SAP a good diversifier for ADSK?
To a limited degree. At 0.58 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 0.58 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-sap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adsk-vs-sap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADSK correlations · SAP correlations
