CRM vs CTSH: Correlation
Measured on weekly returns over the past three years, Salesforce (CRM) and Cognizant (CTSH) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRM and CTSH?
Over the past 3 years, CRM and CTSH moved with a correlation of 0.52, which is moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 638.3 %².
Within CRM's tracked universe of 68 assets, CTSH comes in at #39 by 3-year correlation. Over the last 12 months CRM came out ahead by 11.4 percentage points (+1.6% against -9.8%). Across three years, the rolling one-year figure varied moderately, from 0.23 to 0.62.
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.
CRM vs CTSH: side by side
| CRM (Salesforce) | CTSH (Cognizant) | |
|---|---|---|
| 1-year return | +1.6% | -9.8% |
| 5-year return | -3.2% | -9.6% |
| Volatility (ann.) | 37.6% | 32.3% |
| Beta vs S&P 500 | 1.21 | 0.89 |
| Max drawdown (3Y) | -58.7% | -56.1% |
| Market cap | $207.4B | $28.7B |
| P/E (trailing) | 18.8 | 13.3 |
| Dividend yield | 0.00% | 2.09% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | CRM | CTSH |
|---|---|---|
| 2022 | -47.8% | -34.5% |
| 2023 | +98.5% | +34.4% |
| 2024 | +27.8% | +3.5% |
| 2025 | -20.2% | +9.7% |
| 2026 | -4.4% | -21.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRM and CTSH good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CRM and CTSH?
As of 2026-08-27, the correlation of weekly returns between CRM and CTSH is 0.52 over 3 years, 0.55 over 1 year and 0.54 over 5 years.
Is CTSH a good diversifier for CRM?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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/crm-vs-ctsh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crm-vs-ctsh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRM correlations · CTSH correlations
