BLKB vs CRM: Correlation
How closely do Blackbaud, Inc. (BLKB) and Salesforce (CRM) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLKB and CRM?
On 3 years of weekly data the BLKB/CRM correlation comes out at 0.53, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.72 versus 0.53 over 3 years. The 5-year figure is 0.49, and annualized covariance runs at 787.7 %².
In BLKB's tracked universe of 16 assets, CRM sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months CRM outperformed by 28.6 percentage points (-27.0% for BLKB against +1.6% for CRM).
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.
BLKB vs CRM: side by side
| BLKB (Blackbaud, Inc.) | CRM (Salesforce) | |
|---|---|---|
| 1-year return | -27.0% | +1.6% |
| 5-year return | -30.1% | -3.2% |
| Volatility (ann.) | 39.2% | 37.6% |
| Beta vs S&P 500 | 0.81 | 1.21 |
| Max drawdown (3Y) | -69.8% | -58.7% |
| Market cap | $2.2B | $207.4B |
| P/E (trailing) | 14.7 | 18.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | BLKB | CRM |
|---|---|---|
| 2022 | -25.5% | -47.8% |
| 2023 | +47.3% | +98.5% |
| 2024 | -14.7% | +27.8% |
| 2025 | -14.3% | -20.2% |
| 2026 | -23.3% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLKB and CRM 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 BLKB and CRM?
The BLKB/CRM correlation stands at 0.53 on a 3-year window (1 year: 0.72, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is CRM a good diversifier for BLKB?
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/blkb-vs-crm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/blkb-vs-crm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BLKB correlations · CRM correlations
