GEN vs WDAY: Correlation
Measured on weekly returns over the past three years, Gen Digital (GEN) and Workday, Inc. (WDAY) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEN and WDAY?
On 3 years of weekly data the GEN/WDAY correlation comes out at 0.49, moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.49 over 3. The 5-year figure is 0.44, and annualized covariance runs at 620.2 %².
Among the 36 assets we track against GEN, WDAY ranks #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GEN outperformed by 16.9 percentage points (+1.2% for GEN against -15.7% for WDAY). This link changes with the market regime, having swung between 0.09 and 0.67 on a rolling one-year basis.
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 WDAY: side by side
| GEN (Gen Digital) | WDAY (Workday, Inc.) | |
|---|---|---|
| 1-year return | +1.2% | -15.7% |
| 5-year return | +26.3% | -28.7% |
| Volatility (ann.) | 31.7% | 40.0% |
| Beta vs S&P 500 | 1.02 | 1.09 |
| Max drawdown (3Y) | -43.6% | -63.4% |
| Market cap | $18.3B | $47.8B |
| P/E (trailing) | 17.3 | 59.6 |
| Dividend yield | 1.69% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | GEN | WDAY |
|---|---|---|
| 2022 | -15.8% | -38.7% |
| 2023 | +9.3% | +65.0% |
| 2024 | +22.4% | -6.5% |
| 2025 | +1.1% | -16.8% |
| 2026 | +13.9% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEN and WDAY good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GEN and WDAY?
As of 2026-08-27, the correlation of weekly returns between GEN and WDAY is 0.49 over 3 years, 0.59 over 1 year and 0.44 over 5 years.
Is WDAY a good diversifier for GEN?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gen-vs-wday.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gen-vs-wday/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GEN correlations · WDAY correlations
