BRZE vs CXM: Correlation
How closely do Braze, Inc. (BRZE) and Sprinklr, Inc. (CXM) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRZE and CXM?
On 3 years of weekly data the BRZE/CXM correlation comes out at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. The 5-year figure is 0.58, and annualized covariance runs at 1278.3 %².
Among the 12 assets we track against BRZE, CXM ranks #6 by 3-year correlation. The last year tells two different stories: BRZE led by 36.3 percentage points, +28.0% for BRZE against -8.3% for CXM.
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 CXM: side by side
| BRZE (Braze, Inc.) | CXM (Sprinklr, Inc.) | |
|---|---|---|
| 1-year return | +28.0% | -8.3% |
| 5-year return | -63.5% | -49.6% |
| Volatility (ann.) | 56.3% | 40.4% |
| Beta vs S&P 500 | 1.29 | 0.91 |
| Max drawdown (3Y) | -73.6% | -71.1% |
| Market cap | $3.8B | – |
| P/E (trailing) | – | 61.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRZE | CXM |
|---|---|---|
| 2022 | -64.6% | -48.5% |
| 2023 | +94.8% | +47.4% |
| 2024 | -21.2% | -29.8% |
| 2025 | -18.1% | -7.9% |
| 2026 | -0.6% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRZE and CXM good diversifiers for each other?
Only partially. A correlation of 0.56 means BRZE and CXM 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 BRZE and CXM?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.58 over the last year and 0.58 over 5 years.
Is CXM a good diversifier for BRZE?
Only partially. A correlation of 0.56 means BRZE and CXM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
A reading of 0.56 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/brze-vs-cxm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brze-vs-cxm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRZE correlations · CXM correlations
