CRM vs WDAY: Correlation
Salesforce (CRM) and Workday, Inc. (WDAY) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRM and WDAY?
Across a 3-year window, the weekly returns of CRM and WDAY correlate at 0.67, strong. Recent behaviour matches the longer record: 0.68 over 1 year against 0.67 over 3. Stretching to 5 years gives 0.67, with an annualized covariance of 1008.7 %².
By 3-year correlation, WDAY places #5 of the 68 assets tracked against CRM. The last year tells two different stories: CRM led by 17.3 percentage points, +1.6% for CRM against -15.7% for WDAY. The rolling one-year correlation moved between 0.49 and 0.81 over the past three years, a moderate range.
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 WDAY: side by side
| CRM (Salesforce) | WDAY (Workday, Inc.) | |
|---|---|---|
| 1-year return | +1.6% | -15.7% |
| 5-year return | -3.2% | -28.7% |
| Volatility (ann.) | 37.6% | 40.0% |
| Beta vs S&P 500 | 1.21 | 1.09 |
| Max drawdown (3Y) | -58.7% | -63.4% |
| Market cap | $207.4B | $47.8B |
| P/E (trailing) | 18.8 | 59.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | CRM | WDAY |
|---|---|---|
| 2022 | -47.8% | -38.7% |
| 2023 | +98.5% | +65.0% |
| 2024 | +27.8% | -6.5% |
| 2025 | -20.2% | -16.8% |
| 2026 | -4.4% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRM and WDAY good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CRM and WDAY?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.68 over the last year and 0.67 over 5 years.
Is WDAY a good diversifier for CRM?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 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-wday.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crm-vs-wday/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRM correlations · WDAY correlations
