CRM vs GTLB: Correlation
Salesforce (CRM) and GitLab Inc. (GTLB) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRM and GTLB?
On 3 years of weekly data the CRM/GTLB correlation comes out at 0.60, strong. Recent behaviour matches the longer record: 0.58 over 1 year against 0.60 over 3. The 5-year figure is 0.52, and annualized covariance runs at 1177.3 %².
Among the 68 assets we track against CRM, GTLB ranks #18 by 3-year correlation. Over the last 12 months CRM came out ahead by 6.8 percentage points (+1.6% against -5.2%).
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 GTLB: side by side
| CRM (Salesforce) | GTLB (GitLab Inc.) | |
|---|---|---|
| 1-year return | +1.6% | -5.2% |
| 5-year return | -3.2% | -56.9% |
| Volatility (ann.) | 37.6% | 52.0% |
| Beta vs S&P 500 | 1.21 | 1.49 |
| Max drawdown (3Y) | -58.7% | -75.0% |
| Market cap | $207.4B | $7.6B |
| P/E (trailing) | 18.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CRM | GTLB |
|---|---|---|
| 2022 | -47.8% | -47.8% |
| 2023 | +98.5% | +38.6% |
| 2024 | +27.8% | -10.5% |
| 2025 | -20.2% | -33.4% |
| 2026 | -4.4% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRM and GTLB good diversifiers for each other?
Only partially. A correlation of 0.60 means CRM and GTLB 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 CRM and GTLB?
The CRM/GTLB correlation stands at 0.60 on a 3-year window (1 year: 0.58, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is GTLB a good diversifier for CRM?
Only partially. A correlation of 0.60 means CRM and GTLB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 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/crm-vs-gtlb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crm-vs-gtlb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRM correlations · GTLB correlations
