GEN vs SAP: Correlation
Measured on weekly returns over the past three years, Gen Digital (GEN) and SAP SE (SAP) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEN and SAP?
Over the past 3 years, GEN and SAP moved with a correlation of 0.53, which is moderate. The link has tightened recently: the 1-year correlation (0.68) runs above the 3-year figure (0.53). Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 496.3 %².
SAP is one of the assets that tracks GEN most closely: it ranks #3 out of the 36 assets we track against GEN. Their recent paths diverged sharply: over the last 12 months GEN outperformed by 19.4 percentage points (+1.2% for GEN against -18.2% for SAP).
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.
GEN vs SAP: side by side
| GEN (Gen Digital) | SAP (SAP SE) | |
|---|---|---|
| 1-year return | +1.2% | -18.2% |
| 5-year return | +26.3% | +60.5% |
| Volatility (ann.) | 31.7% | 29.4% |
| Beta vs S&P 500 | 1.02 | 1.02 |
| Max drawdown (3Y) | -43.6% | -52.3% |
| Market cap | $18.3B | $255.3B |
| P/E (trailing) | 17.3 | 27.2 |
| Dividend yield | 1.69% | 1.18% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | GEN | SAP |
|---|---|---|
| 2022 | -15.8% | -24.2% |
| 2023 | +9.3% | +52.3% |
| 2024 | +22.4% | +61.3% |
| 2025 | +1.1% | -0.4% |
| 2026 | +13.9% | -7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEN and SAP good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GEN and SAP?
As of 2026-08-27, the correlation of weekly returns between GEN and SAP is 0.53 over 3 years, 0.68 over 1 year and 0.44 over 5 years.
Is SAP a good diversifier for GEN?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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/gen-vs-sap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gen-vs-sap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GEN correlations · SAP correlations
