CRM vs MANH: Correlation
How closely do Salesforce (CRM) and Manhattan Associates, Inc. (MANH) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRM and MANH?
Over the past 3 years, CRM and MANH moved with a correlation of 0.57, which is moderate. Recent behaviour matches the longer record: 0.64 over 1 year against 0.57 over 3. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 897.8 %².
Within CRM's tracked universe of 68 assets, MANH comes in at #26 by 3-year correlation. Their 12-month results are close: +1.6% for CRM against +2.2% for MANH.
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 MANH: side by side
| CRM (Salesforce) | MANH (Manhattan Associates, Inc.) | |
|---|---|---|
| 1-year return | +1.6% | +2.2% |
| 5-year return | -3.2% | +35.7% |
| Volatility (ann.) | 37.6% | 41.7% |
| Beta vs S&P 500 | 1.21 | 1.25 |
| Max drawdown (3Y) | -58.7% | -61.0% |
| Market cap | $207.4B | $13.0B |
| P/E (trailing) | 18.8 | 63.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CRM | MANH |
|---|---|---|
| 2022 | -47.8% | -21.9% |
| 2023 | +98.5% | +77.4% |
| 2024 | +27.8% | +25.5% |
| 2025 | -20.2% | -35.9% |
| 2026 | -4.4% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRM and MANH good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CRM and MANH?
The CRM/MANH correlation stands at 0.57 on a 3-year window (1 year: 0.64, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is MANH a good diversifier for CRM?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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-manh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crm-vs-manh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRM correlations · MANH correlations
