CRM vs IT: Correlation
How closely do Salesforce (CRM) and Gartner (IT) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRM and IT?
Across a 3-year window, the weekly returns of CRM and IT correlate at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. Stretching to 5 years gives 0.53, with an annualized covariance of 842.8 %².
By 3-year correlation, IT places #36 of the 68 assets tracked against CRM. Their recent paths diverged sharply: over the last 12 months CRM outperformed by 21.8 percentage points (+1.6% for CRM against -20.2% for IT). On a rolling one-year basis the correlation drifted between 0.32 and 0.66, a moderate band.
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 IT: side by side
| CRM (Salesforce) | IT (Gartner) | |
|---|---|---|
| 1-year return | +1.6% | -20.2% |
| 5-year return | -3.2% | -36.0% |
| Volatility (ann.) | 37.6% | 40.6% |
| Beta vs S&P 500 | 1.21 | 0.92 |
| Max drawdown (3Y) | -58.7% | -77.2% |
| Market cap | $207.4B | $12.4B |
| P/E (trailing) | 18.8 | 17.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | CRM | IT |
|---|---|---|
| 2022 | -47.8% | +0.5% |
| 2023 | +98.5% | +34.2% |
| 2024 | +27.8% | +7.4% |
| 2025 | -20.2% | -47.9% |
| 2026 | -4.4% | -22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRM and IT good diversifiers for each other?
Only partially. A correlation of 0.55 means CRM and IT 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 IT?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.60 over the last year and 0.53 over 5 years.
Is IT a good diversifier for CRM?
Only partially. A correlation of 0.55 means CRM and IT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
A reading of 0.55 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-it.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crm-vs-it/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRM correlations · IT correlations
