CRM vs PEGA: Correlation
How closely do Salesforce (CRM) and Pegasystems Inc. (PEGA) 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 PEGA?
Over the past 3 years, CRM and PEGA moved with a correlation of 0.56, which is moderate. The past 12 months show a tighter link (0.69) than the 3-year average (0.56). Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 1061.5 %².
Within CRM's tracked universe of 68 assets, PEGA comes in at #33 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CRM ahead by 33.4 points (+1.6% versus -31.8%).
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 PEGA: side by side
| CRM (Salesforce) | PEGA (Pegasystems Inc.) | |
|---|---|---|
| 1-year return | +1.6% | -31.8% |
| 5-year return | -3.2% | -47.4% |
| Volatility (ann.) | 37.6% | 50.2% |
| Beta vs S&P 500 | 1.21 | 1.28 |
| Max drawdown (3Y) | -58.7% | -60.9% |
| Market cap | $207.4B | $5.9B |
| P/E (trailing) | 18.8 | 20.4 |
| Dividend yield | 0.00% | 0.35% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CRM | PEGA |
|---|---|---|
| 2022 | -47.8% | -69.3% |
| 2023 | +98.5% | +43.1% |
| 2024 | +27.8% | +91.0% |
| 2025 | -20.2% | +28.4% |
| 2026 | -4.4% | -39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRM and PEGA good diversifiers for each other?
Only partially. A correlation of 0.56 means CRM and PEGA 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 PEGA?
The CRM/PEGA correlation stands at 0.56 on a 3-year window (1 year: 0.69, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is PEGA a good diversifier for CRM?
Only partially. A correlation of 0.56 means CRM and PEGA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
A reading of 0.56 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-pega.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crm-vs-pega/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRM correlations · PEGA correlations
