CTSH vs WDAY: Correlation
How closely do Cognizant (CTSH) and Workday, Inc. (WDAY) 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 CTSH and WDAY?
On 3 years of weekly data the CTSH/WDAY correlation comes out at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. The 5-year figure is 0.56, and annualized covariance runs at 726.4 %².
Among the 44 assets we track against CTSH, WDAY ranks #15 by 3-year correlation. Over the last 12 months CTSH came out ahead by 5.9 percentage points (-9.8% against -15.7%). The rolling one-year correlation moved between 0.22 and 0.68 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.
CTSH vs WDAY: side by side
| CTSH (Cognizant) | WDAY (Workday, Inc.) | |
|---|---|---|
| 1-year return | -9.8% | -15.7% |
| 5-year return | -9.6% | -28.7% |
| Volatility (ann.) | 32.3% | 40.0% |
| Beta vs S&P 500 | 0.89 | 1.09 |
| Max drawdown (3Y) | -56.1% | -63.4% |
| Market cap | $28.7B | $47.8B |
| P/E (trailing) | 13.3 | 59.6 |
| Dividend yield | 2.09% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | CTSH | WDAY |
|---|---|---|
| 2022 | -34.5% | -38.7% |
| 2023 | +34.4% | +65.0% |
| 2024 | +3.5% | -6.5% |
| 2025 | +9.7% | -16.8% |
| 2026 | -21.8% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTSH and WDAY good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CTSH and WDAY?
As of 2026-08-27, the correlation of weekly returns between CTSH and WDAY is 0.56 over 3 years, 0.63 over 1 year and 0.56 over 5 years.
Is WDAY a good diversifier for CTSH?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ctsh-vs-wday.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctsh-vs-wday/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CTSH correlations · WDAY correlations
