ASAN vs CRM: Correlation
Measured on weekly returns over the past three years, Asana, Inc. (ASAN) and Salesforce (CRM) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASAN and CRM?
Across a 3-year window, the weekly returns of ASAN and CRM correlate at 0.63, strong. The past 12 months show a tighter link (0.75) than the 3-year average (0.63). Stretching to 5 years gives 0.60, with an annualized covariance of 1426.7 %².
CRM is one of the assets that tracks ASAN most closely: it ranks #1 out of the 19 assets we track against ASAN. The last year tells two different stories: CRM led by 30.6 percentage points, -29.0% for ASAN against +1.6% for CRM. Risk is not evenly split, since ASAN carries 1.6 times the volatility of the other side.
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.
ASAN vs CRM: side by side
| ASAN (Asana, Inc.) | CRM (Salesforce) | |
|---|---|---|
| 1-year return | -29.0% | +1.6% |
| 5-year return | -86.9% | -3.2% |
| Volatility (ann.) | 59.9% | 37.6% |
| Beta vs S&P 500 | 1.49 | 1.21 |
| Max drawdown (3Y) | -80.2% | -58.7% |
| Market cap | $2.3B | $207.4B |
| P/E (trailing) | – | 18.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | ASAN | CRM |
|---|---|---|
| 2022 | -81.5% | -47.8% |
| 2023 | +38.1% | +98.5% |
| 2024 | +6.6% | +27.8% |
| 2025 | -32.4% | -20.2% |
| 2026 | -25.8% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASAN and CRM good diversifiers for each other?
Only partially. A correlation of 0.63 means ASAN and CRM 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 ASAN and CRM?
The ASAN/CRM correlation stands at 0.63 on a 3-year window (1 year: 0.75, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is CRM a good diversifier for ASAN?
Only partially. A correlation of 0.63 means ASAN and CRM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
A reading of 0.63 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asan-vs-crm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/asan-vs-crm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASAN correlations · CRM correlations
