BL vs WK: Correlation
Measured on weekly returns over the past three years, BlackLine, Inc. (BL) and Workiva Inc. (WK) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BL and WK?
Across a 3-year window, the weekly returns of BL and WK correlate at 0.53, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.65 versus 0.53 over 3 years. Stretching to 5 years gives 0.56, with an annualized covariance of 866.6 %².
Among the 15 assets we track against BL, WK ranks #6 by 3-year correlation. The last year tells two different stories: WK led by 34.9 percentage points, -38.3% for BL against -3.4% for WK.
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.
BL vs WK: side by side
| BL (BlackLine, Inc.) | WK (Workiva Inc.) | |
|---|---|---|
| 1-year return | -38.3% | -3.4% |
| 5-year return | -69.6% | -46.1% |
| Volatility (ann.) | 40.7% | 40.0% |
| Beta vs S&P 500 | 0.83 | 0.72 |
| Max drawdown (3Y) | -63.2% | -61.4% |
| Market cap | $2.0B | $4.2B |
| P/E (trailing) | 60.2 | 92.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BL | WK |
|---|---|---|
| 2022 | -35.0% | -35.7% |
| 2023 | -7.2% | +20.9% |
| 2024 | -2.7% | +7.8% |
| 2025 | -9.0% | -21.2% |
| 2026 | -39.0% | -10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BL and WK good diversifiers for each other?
To a limited degree. At 0.53 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 BL and WK?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.65 over the last year and 0.56 over 5 years.
Is WK a good diversifier for BL?
To a limited degree. At 0.53 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 0.53 mean?
On the −1 to +1 scale, 0.53 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/bl-vs-wk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bl-vs-wk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BL correlations · WK correlations
