BRZE vs CRM: Correlation
Braze, Inc. (BRZE) and Salesforce (CRM) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRZE and CRM?
On 3 years of weekly data the BRZE/CRM correlation comes out at 0.59, moderate. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. The 5-year figure is 0.57, and annualized covariance runs at 1254.8 %².
CRM is one of the assets that tracks BRZE most closely: it ranks #2 out of the 12 assets we track against BRZE. The last year tells two different stories: BRZE led by 26.4 percentage points, +28.0% for BRZE 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.
BRZE vs CRM: side by side
| BRZE (Braze, Inc.) | CRM (Salesforce) | |
|---|---|---|
| 1-year return | +28.0% | +1.6% |
| 5-year return | -63.5% | -3.2% |
| Volatility (ann.) | 56.3% | 37.6% |
| Beta vs S&P 500 | 1.29 | 1.21 |
| Max drawdown (3Y) | -73.6% | -58.7% |
| Market cap | $3.8B | $207.4B |
| P/E (trailing) | – | 18.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | BRZE | CRM |
|---|---|---|
| 2022 | -64.6% | -47.8% |
| 2023 | +94.8% | +98.5% |
| 2024 | -21.2% | +27.8% |
| 2025 | -18.1% | -20.2% |
| 2026 | -0.6% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRZE and CRM good diversifiers for each other?
To a limited degree. At 0.59 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 BRZE and CRM?
The BRZE/CRM correlation stands at 0.59 on a 3-year window (1 year: 0.62, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is CRM a good diversifier for BRZE?
To a limited degree. At 0.59 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 0.59 mean?
On the −1 to +1 scale, 0.59 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/brze-vs-crm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/brze-vs-crm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRZE correlations · CRM correlations
