CRM vs PD: Correlation
Salesforce (CRM) and PagerDuty, Inc. (PD) 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 PD?
On 3 years of weekly data the CRM/PD correlation comes out at 0.58, moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.58 over 3. The 5-year figure is 0.61, and annualized covariance runs at 1155.0 %².
By 3-year correlation, PD places #24 of the 68 assets tracked against CRM. Correlation aside, the last 12 months split them widely, with CRM ahead by 27.1 points (+1.6% versus -25.5%).
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 PD: side by side
| CRM (Salesforce) | PD (PagerDuty, Inc.) | |
|---|---|---|
| 1-year return | +1.6% | -25.5% |
| 5-year return | -3.2% | -70.4% |
| Volatility (ann.) | 37.6% | 52.9% |
| Beta vs S&P 500 | 1.21 | 1.44 |
| Max drawdown (3Y) | -58.7% | -78.4% |
| Market cap | $207.4B | $1.0B |
| P/E (trailing) | 18.8 | 5.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CRM | PD |
|---|---|---|
| 2022 | -47.8% | -23.6% |
| 2023 | +98.5% | -12.8% |
| 2024 | +27.8% | -21.1% |
| 2025 | -20.2% | -28.2% |
| 2026 | -4.4% | -3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRM and PD good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CRM and PD?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.59 over the last year and 0.61 over 5 years.
Is PD a good diversifier for CRM?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 mean?
A reading of 0.58 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-pd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crm-vs-pd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRM correlations · PD correlations
