CRM vs SO: Correlation
How closely do Salesforce (CRM) and Southern Company (SO) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRM and SO?
Over the past 3 years, CRM and SO moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.23 over 3. Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -140.2 %².
By 3-year correlation, SO places #60 of the 68 assets tracked against CRM. Neither side won the trailing year by much: +1.6% against -1.4%. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.45 to 0.21. One caveat on sizing: CRM is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SO: side by side
| CRM (Salesforce) | SO (Southern Company) | |
|---|---|---|
| 1-year return | +1.6% | -1.4% |
| 5-year return | -3.2% | +62.6% |
| Volatility (ann.) | 37.6% | 16.5% |
| Beta vs S&P 500 | 1.21 | -0.02 |
| Max drawdown (3Y) | -58.7% | -15.0% |
| Market cap | $207.4B | $102.4B |
| P/E (trailing) | 18.8 | 21.7 |
| Dividend yield | 0.00% | 3.32% |
| Sector / category | Information Technology | Utilities |
Year-by-year returns
| Year | CRM | SO |
|---|---|---|
| 2022 | -47.8% | +8.2% |
| 2023 | +98.5% | +2.2% |
| 2024 | +27.8% | +21.7% |
| 2025 | -20.2% | +9.5% |
| 2026 | -4.4% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRM and SO good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CRM and SO?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.24 over the last year and -0.04 over 5 years.
Is SO a good diversifier for CRM?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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
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Related comparisons
Hubs: CRM correlations · SO correlations
