FIVN vs WDAY: Correlation
Five9, Inc. (FIVN) and Workday, Inc. (WDAY) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIVN and WDAY?
Over the past 3 years, FIVN and WDAY moved with a correlation of 0.60, which is strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 1342.4 %².
Within FIVN's tracked universe of 23 assets, WDAY comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FIVN outperformed by 43.7 percentage points (+28.0% for FIVN against -15.7% for WDAY).
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.
FIVN vs WDAY: side by side
| FIVN (Five9, Inc.) | WDAY (Workday, Inc.) | |
|---|---|---|
| 1-year return | +28.0% | -15.7% |
| 5-year return | -81.3% | -28.7% |
| Volatility (ann.) | 55.7% | 40.0% |
| Beta vs S&P 500 | 1.84 | 1.09 |
| Max drawdown (3Y) | -84.1% | -63.4% |
| Market cap | $2.6B | $47.8B |
| P/E (trailing) | 46.7 | 59.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | FIVN | WDAY |
|---|---|---|
| 2022 | -50.6% | -38.7% |
| 2023 | +16.0% | +65.0% |
| 2024 | -48.4% | -6.5% |
| 2025 | -50.7% | -16.8% |
| 2026 | +72.4% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIVN and WDAY good diversifiers for each other?
To a limited degree. At 0.60 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 FIVN and WDAY?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.66 over the last year and 0.62 over 5 years.
Is WDAY a good diversifier for FIVN?
To a limited degree. At 0.60 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 0.60 mean?
A reading of 0.60 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/fivn-vs-wday.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fivn-vs-wday/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FIVN correlations · WDAY correlations
