CRM vs GWRE: Correlation
Salesforce (CRM) and Guidewire Software, Inc. (GWRE) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRM and GWRE?
Across a 3-year window, the weekly returns of CRM and GWRE correlate at 0.58, moderate. The past 12 months show a tighter link (0.71) than the 3-year average (0.58). Stretching to 5 years gives 0.60, with an annualized covariance of 998.7 %².
Within CRM's tracked universe of 68 assets, GWRE comes in at #23 by 3-year correlation. Over the last 12 months CRM came out ahead by 8.7 percentage points (+1.6% against -7.1%).
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 GWRE: side by side
| CRM (Salesforce) | GWRE (Guidewire Software, Inc.) | |
|---|---|---|
| 1-year return | +1.6% | -7.1% |
| 5-year return | -3.2% | +68.2% |
| Volatility (ann.) | 37.6% | 45.6% |
| Beta vs S&P 500 | 1.21 | 0.83 |
| Max drawdown (3Y) | -58.7% | -60.8% |
| Market cap | $207.4B | $16.7B |
| P/E (trailing) | 18.8 | 103.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CRM | GWRE |
|---|---|---|
| 2022 | -47.8% | -44.9% |
| 2023 | +98.5% | +74.3% |
| 2024 | +27.8% | +54.6% |
| 2025 | -20.2% | +19.2% |
| 2026 | -4.4% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRM and GWRE good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CRM and GWRE?
As of 2026-08-27, the correlation of weekly returns between CRM and GWRE is 0.58 over 3 years, 0.71 over 1 year and 0.60 over 5 years.
Is GWRE a good diversifier for CRM?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 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-gwre.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crm-vs-gwre/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRM correlations · GWRE correlations
