CRWD vs SNPS: Correlation
How closely do CrowdStrike (CRWD) and Synopsys (SNPS) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRWD and SNPS?
Across a 3-year window, the weekly returns of CRWD and SNPS correlate at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Stretching to 5 years gives 0.51, with an annualized covariance of 1027.7 %².
Within CRWD's tracked universe of 31 assets, SNPS comes in at #19 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CRWD outperformed by 138.7 percentage points (+115.8% for CRWD against -22.9% for SNPS). Across three years, the rolling one-year figure varied moderately, from 0.31 to 0.71.
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.
CRWD vs SNPS: side by side
| CRWD (CrowdStrike) | SNPS (Synopsys) | |
|---|---|---|
| 1-year return | +115.8% | -22.9% |
| 5-year return | +218.4% | +39.1% |
| Volatility (ann.) | 50.2% | 42.2% |
| Beta vs S&P 500 | 1.87 | 1.57 |
| Max drawdown (3Y) | -44.4% | -42.3% |
| Market cap | $233.4B | $89.1B |
| P/E (trailing) | 3256.6 | 71.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | CRWD | SNPS |
|---|---|---|
| 2022 | -48.6% | -13.4% |
| 2023 | +142.5% | +61.3% |
| 2024 | +34.0% | -5.7% |
| 2025 | +37.0% | -3.2% |
| 2026 | +94.5% | -1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRWD and SNPS good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRWD and SNPS?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.38 over the last year and 0.51 over 5 years.
Is SNPS a good diversifier for CRWD?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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.
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Related comparisons
Hubs: CRWD correlations · SNPS correlations
