CXM vs RDZN: Correlation
How closely do Sprinklr, Inc. (CXM) and Roadzen, Inc. (RDZN) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CXM and RDZN?
On 3 years of weekly data the CXM/RDZN correlation comes out at 0.32, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.32 over 3 years. The 5-year figure is 0.22, and annualized covariance runs at 1583.7 %².
Within CXM's tracked universe of 13 assets, RDZN comes in at #7 by 3-year correlation. The last year tells two different stories: RDZN led by 58.8 percentage points, -8.3% for CXM against +50.5% for RDZN. Risk is not evenly split, since RDZN carries 3.0 times the volatility of the other side.
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.
CXM vs RDZN: side by side
| CXM (Sprinklr, Inc.) | RDZN (Roadzen, Inc.) | |
|---|---|---|
| 1-year return | -8.3% | +50.5% |
| 5-year return | -49.6% | -84.9% |
| Volatility (ann.) | 40.4% | 122.6% |
| Beta vs S&P 500 | 0.91 | 1.57 |
| Max drawdown (3Y) | -71.1% | -94.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | 61.1 | 6.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CXM | RDZN |
|---|---|---|
| 2022 | -48.5% | – |
| 2023 | +47.4% | -50.3% |
| 2024 | -29.8% | -57.2% |
| 2025 | -7.9% | +10.6% |
| 2026 | +2.1% | -38.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CXM and RDZN good diversifiers for each other?
Reasonably. At 0.32, CXM and RDZN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CXM and RDZN?
The CXM/RDZN correlation stands at 0.32 on a 3-year window (1 year: 0.16, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is RDZN a good diversifier for CXM?
Reasonably. At 0.32, CXM and RDZN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 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/cxm-vs-rdzn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cxm-vs-rdzn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CXM correlations · RDZN correlations
