DOMO vs GWRE: Correlation
How closely do Domo, Inc. (DOMO) and Guidewire Software, Inc. (GWRE) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOMO and GWRE?
Over the past 3 years, DOMO and GWRE moved with a correlation of 0.51, which is moderate. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 1739.1 %².
In DOMO's tracked universe of 13 assets, GWRE sits right near the top at #1. The last year tells two different stories: GWRE led by 70.6 percentage points, -77.7% for DOMO against -7.1% for GWRE. Risk is not evenly split, since DOMO carries 1.6 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.
DOMO vs GWRE: side by side
| DOMO (Domo, Inc.) | GWRE (Guidewire Software, Inc.) | |
|---|---|---|
| 1-year return | -77.7% | -7.1% |
| 5-year return | -95.7% | +68.2% |
| Volatility (ann.) | 74.7% | 45.6% |
| Beta vs S&P 500 | 2.02 | 0.83 |
| Max drawdown (3Y) | -89.0% | -60.8% |
| Market cap | $0.2B | $16.7B |
| P/E (trailing) | – | 103.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOMO | GWRE |
|---|---|---|
| 2022 | -71.3% | -44.9% |
| 2023 | -27.7% | +74.3% |
| 2024 | -31.2% | +54.6% |
| 2025 | +19.1% | +19.2% |
| 2026 | -53.6% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOMO and GWRE good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DOMO and GWRE?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.59 over the last year and 0.53 over 5 years.
Is GWRE a good diversifier for DOMO?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 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/domo-vs-gwre.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/domo-vs-gwre/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DOMO correlations · GWRE correlations
