EXLS vs WK: Correlation
ExlService Holdings, Inc. (EXLS) and Workiva Inc. (WK) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXLS and WK?
Over the past 3 years, EXLS and WK moved with a correlation of 0.50, which is moderate. The past 12 months show a tighter link (0.74) than the 3-year average (0.50). Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 637.0 %².
By 3-year correlation, WK places #36 of the 47 assets tracked against EXLS. On 12-month performance WK holds a 10.0-point edge, -13.4% against -3.4%.
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.
EXLS vs WK: side by side
| EXLS (ExlService Holdings, Inc.) | WK (Workiva Inc.) | |
|---|---|---|
| 1-year return | -13.4% | -3.4% |
| 5-year return | +55.2% | -46.1% |
| Volatility (ann.) | 31.7% | 40.0% |
| Beta vs S&P 500 | 0.77 | 0.72 |
| Max drawdown (3Y) | -51.3% | -61.4% |
| Market cap | $5.8B | $4.2B |
| P/E (trailing) | 23.7 | 92.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXLS | WK |
|---|---|---|
| 2022 | +17.0% | -35.7% |
| 2023 | -9.0% | +20.9% |
| 2024 | +43.9% | +7.8% |
| 2025 | -4.4% | -21.2% |
| 2026 | -10.0% | -10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXLS and WK good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EXLS and WK?
As of 2026-08-27, the correlation of weekly returns between EXLS and WK is 0.50 over 3 years, 0.74 over 1 year and 0.41 over 5 years.
Is WK a good diversifier for EXLS?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/exls-vs-wk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/exls-vs-wk/)
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Related comparisons
Hubs: EXLS correlations · WK correlations
