CRM vs OKTA: Correlation
How closely do Salesforce (CRM) and Okta, Inc. (OKTA) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRM and OKTA?
Over the past 3 years, CRM and OKTA moved with a correlation of 0.56, which is moderate. Recent behaviour matches the longer record: 0.64 over 1 year against 0.56 over 3. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 1159.2 %².
Among the 68 assets we track against CRM, OKTA ranks #32 by 3-year correlation. Correlation aside, the last 12 months split them widely, with OKTA ahead by 84.3 points (+1.6% versus +85.9%).
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 OKTA: side by side
| CRM (Salesforce) | OKTA (Okta, Inc.) | |
|---|---|---|
| 1-year return | +1.6% | +85.9% |
| 5-year return | -3.2% | -34.7% |
| Volatility (ann.) | 37.6% | 54.5% |
| Beta vs S&P 500 | 1.21 | 1.24 |
| Max drawdown (3Y) | -58.7% | -50.6% |
| Market cap | $207.4B | $30.2B |
| P/E (trailing) | 18.8 | 97.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CRM | OKTA |
|---|---|---|
| 2022 | -47.8% | -69.5% |
| 2023 | +98.5% | +32.5% |
| 2024 | +27.8% | -13.0% |
| 2025 | -20.2% | +9.7% |
| 2026 | -4.4% | +100.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRM and OKTA good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CRM and OKTA?
The CRM/OKTA correlation stands at 0.56 on a 3-year window (1 year: 0.64, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is OKTA a good diversifier for CRM?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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-okta.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crm-vs-okta/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRM correlations · OKTA correlations
