ADSK vs WDAY: Correlation
How closely do Autodesk (ADSK) and Workday, Inc. (WDAY) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADSK and WDAY?
On 3 years of weekly data the ADSK/WDAY correlation comes out at 0.64, strong. Recent behaviour matches the longer record: 0.68 over 1 year against 0.64 over 3. The 5-year figure is 0.64, and annualized covariance runs at 787.1 %².
In ADSK's tracked universe of 44 assets, WDAY sits right near the top at #2. On 12-month performance ADSK holds a 10.3-point edge, -5.4% against -15.7%. Stability stands out here, with the rolling one-year correlation confined to 0.53 through 0.72.
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 WDAY: side by side
| ADSK (Autodesk) | WDAY (Workday, Inc.) | |
|---|---|---|
| 1-year return | -5.4% | -15.7% |
| 5-year return | -13.7% | -28.7% |
| Volatility (ann.) | 30.9% | 40.0% |
| Beta vs S&P 500 | 1.04 | 1.09 |
| Max drawdown (3Y) | -42.6% | -63.4% |
| Market cap | $57.1B | $47.8B |
| P/E (trailing) | 37.2 | 59.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | ADSK | WDAY |
|---|---|---|
| 2022 | -33.5% | -38.7% |
| 2023 | +30.3% | +65.0% |
| 2024 | +21.4% | -6.5% |
| 2025 | +0.1% | -16.8% |
| 2026 | -8.6% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSK and WDAY good diversifiers for each other?
Only partially. A correlation of 0.64 means ADSK and WDAY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ADSK and WDAY?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.68 over the last year and 0.64 over 5 years.
Is WDAY a good diversifier for ADSK?
Only partially. A correlation of 0.64 means ADSK and WDAY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 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-wday.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adsk-vs-wday/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADSK correlations · WDAY correlations
