CRM vs WEAV: Correlation
Measured on weekly returns over the past three years, Salesforce (CRM) and Weave Communications, Inc. (WEAV) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRM and WEAV?
Over the past 3 years, CRM and WEAV moved with a correlation of 0.50, which is moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.50 over 3. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 1099.4 %².
Among the 68 assets we track against CRM, WEAV ranks #45 by 3-year correlation. Over the last 12 months CRM came out ahead by 7.4 percentage points (+1.6% against -5.8%). One caveat on sizing: WEAV is 1.6 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 WEAV: side by side
| CRM (Salesforce) | WEAV (Weave Communications, Inc.) | |
|---|---|---|
| 1-year return | +1.6% | -5.8% |
| 5-year return | -3.2% | -61.1% |
| Volatility (ann.) | 37.6% | 58.9% |
| Beta vs S&P 500 | 1.21 | 1.62 |
| Max drawdown (3Y) | -58.7% | -74.9% |
| Market cap | $207.4B | $0.6B |
| P/E (trailing) | 18.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CRM | WEAV |
|---|---|---|
| 2022 | -47.8% | -69.8% |
| 2023 | +98.5% | +150.4% |
| 2024 | +27.8% | +38.8% |
| 2025 | -20.2% | -52.3% |
| 2026 | -4.4% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRM and WEAV good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CRM and WEAV?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.49 over the last year and 0.45 over 5 years.
Is WEAV a good diversifier for CRM?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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-weav.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crm-vs-weav/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRM correlations · WEAV correlations
