ADSK vs ZS: Correlation
Autodesk (ADSK) and Zscaler, Inc. (ZS) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADSK and ZS?
On 3 years of weekly data the ADSK/ZS correlation comes out at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. The 5-year figure is 0.57, and annualized covariance runs at 779.9 %².
By 3-year correlation, ZS places #20 of the 44 assets tracked against ADSK. Correlation aside, the last 12 months split them widely, with ADSK ahead by 26.0 points (-5.4% versus -31.4%).
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 ZS: side by side
| ADSK (Autodesk) | ZS (Zscaler, Inc.) | |
|---|---|---|
| 1-year return | -5.4% | -31.4% |
| 5-year return | -13.7% | -32.7% |
| Volatility (ann.) | 30.9% | 45.7% |
| Beta vs S&P 500 | 1.04 | 1.47 |
| Max drawdown (3Y) | -42.6% | -64.9% |
| Market cap | $57.1B | $30.3B |
| P/E (trailing) | 37.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADSK | ZS |
|---|---|---|
| 2022 | -33.5% | -65.2% |
| 2023 | +30.3% | +98.0% |
| 2024 | +21.4% | -18.6% |
| 2025 | +0.1% | +24.7% |
| 2026 | -8.6% | -16.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSK and ZS good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADSK and ZS?
The ADSK/ZS correlation stands at 0.55 on a 3-year window (1 year: 0.51, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is ZS a good diversifier for ADSK?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 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-zs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adsk-vs-zs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADSK correlations · ZS correlations
