CRM vs FTNT: Correlation
How closely do Salesforce (CRM) and Fortinet (FTNT) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRM and FTNT?
On 3 years of weekly data the CRM/FTNT correlation comes out at 0.43, moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.43 over 3. The 5-year figure is 0.51, and annualized covariance runs at 684.1 %².
By 3-year correlation, FTNT places #57 of the 68 assets tracked against CRM. Their recent paths diverged sharply: over the last 12 months FTNT outperformed by 119.5 percentage points (+1.6% for CRM against +121.1% for FTNT). The rolling one-year correlation moved between 0.26 and 0.64 over the past three years, a moderate range.
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 FTNT: side by side
| CRM (Salesforce) | FTNT (Fortinet) | |
|---|---|---|
| 1-year return | +1.6% | +121.1% |
| 5-year return | -3.2% | +170.5% |
| Volatility (ann.) | 37.6% | 42.1% |
| Beta vs S&P 500 | 1.21 | 1.02 |
| Max drawdown (3Y) | -58.7% | -35.1% |
| Market cap | $207.4B | $126.8B |
| P/E (trailing) | 18.8 | 60.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | CRM | FTNT |
|---|---|---|
| 2022 | -47.8% | -32.0% |
| 2023 | +98.5% | +19.7% |
| 2024 | +27.8% | +61.4% |
| 2025 | -20.2% | -16.0% |
| 2026 | -4.4% | +117.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRM and FTNT good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRM and FTNT?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.41 over the last year and 0.51 over 5 years.
Is FTNT a good diversifier for CRM?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 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/crm-vs-ftnt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crm-vs-ftnt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRM correlations · FTNT correlations
