GDDY vs WDAY: Correlation
GoDaddy (GDDY) and Workday, Inc. (WDAY) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDDY and WDAY?
Across a 3-year window, the weekly returns of GDDY and WDAY correlate at 0.45, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 603.1 %².
Among the 32 assets we track against GDDY, WDAY ranks #17 by 3-year correlation. The last year tells two different stories: WDAY led by 18.7 percentage points, -34.4% for GDDY against -15.7% for WDAY. Across three years, the rolling one-year figure varied moderately, from 0.23 to 0.71.
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.
GDDY vs WDAY: side by side
| GDDY (GoDaddy) | WDAY (Workday, Inc.) | |
|---|---|---|
| 1-year return | -34.4% | -15.7% |
| 5-year return | +32.1% | -28.7% |
| Volatility (ann.) | 33.6% | 40.0% |
| Beta vs S&P 500 | 0.93 | 1.09 |
| Max drawdown (3Y) | -65.0% | -63.4% |
| Market cap | $12.3B | $47.8B |
| P/E (trailing) | 14.4 | 59.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | GDDY | WDAY |
|---|---|---|
| 2022 | -11.8% | -38.7% |
| 2023 | +41.9% | +65.0% |
| 2024 | +85.9% | -6.5% |
| 2025 | -37.1% | -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 GDDY and WDAY good diversifiers for each other?
Reasonably. At 0.45, GDDY and WDAY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GDDY and WDAY?
As of 2026-08-27, the correlation of weekly returns between GDDY and WDAY is 0.45 over 3 years, 0.48 over 1 year and 0.49 over 5 years.
Is WDAY a good diversifier for GDDY?
Reasonably. At 0.45, GDDY and WDAY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/gddy-vs-wday.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gddy-vs-wday/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GDDY correlations · WDAY correlations
