BSY vs PCOR: Correlation
How closely do Bentley Systems, Incorporated (BSY) and Procore Technologies, Inc. (PCOR) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSY and PCOR?
On 3 years of weekly data the BSY/PCOR correlation comes out at 0.60, strong. The link has tightened recently: the 1-year correlation (0.75) runs above the 3-year figure (0.60). The 5-year figure is 0.63, and annualized covariance runs at 821.0 %².
Few assets follow BSY as closely as PCOR, which ranks #2 of 13 tracked partners. The last year tells two different stories: PCOR led by 24.9 percentage points, -30.9% for BSY against -6.0% for PCOR. Risk is not evenly split, since PCOR 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.
BSY vs PCOR: side by side
| BSY (Bentley Systems, Incorporated) | PCOR (Procore Technologies, Inc.) | |
|---|---|---|
| 1-year return | -30.9% | -6.0% |
| 5-year return | -40.5% | -32.7% |
| Volatility (ann.) | 29.4% | 46.4% |
| Beta vs S&P 500 | 0.71 | 1.31 |
| Max drawdown (3Y) | -51.3% | -56.6% |
| Market cap | $11.4B | $9.7B |
| P/E (trailing) | 40.9 | – |
| Dividend yield | 0.76% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BSY | PCOR |
|---|---|---|
| 2022 | -23.3% | -41.0% |
| 2023 | +41.8% | +46.7% |
| 2024 | -10.1% | +8.2% |
| 2025 | -17.8% | -2.9% |
| 2026 | -1.1% | -12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSY and PCOR good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BSY and PCOR?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.75 over the last year and 0.63 over 5 years.
Is PCOR a good diversifier for BSY?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bsy-vs-pcor.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bsy-vs-pcor/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BSY correlations · PCOR correlations
