GWRE vs TYL: Correlation
Guidewire Software, Inc. (GWRE) and Tyler Technologies (TYL) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GWRE and TYL?
On 3 years of weekly data the GWRE/TYL correlation comes out at 0.56, moderate. The past 12 months show a tighter link (0.71) than the 3-year average (0.56). The 5-year figure is 0.60, and annualized covariance runs at 750.9 %².
Among the 18 assets we track against GWRE, TYL ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GWRE outperformed by 26.9 percentage points (-7.1% for GWRE against -34.0% for TYL). One caveat on sizing: GWRE is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GWRE vs TYL: side by side
| GWRE (Guidewire Software, Inc.) | TYL (Tyler Technologies) | |
|---|---|---|
| 1-year return | -7.1% | -34.0% |
| 5-year return | +68.2% | -22.5% |
| Volatility (ann.) | 45.6% | 29.6% |
| Beta vs S&P 500 | 0.83 | 0.61 |
| Max drawdown (3Y) | -60.8% | -57.4% |
| Market cap | $16.7B | $15.1B |
| P/E (trailing) | 103.1 | 46.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | GWRE | TYL |
|---|---|---|
| 2022 | -44.9% | -40.1% |
| 2023 | +74.3% | +29.7% |
| 2024 | +54.6% | +37.9% |
| 2025 | +19.2% | -21.3% |
| 2026 | +0.0% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GWRE and TYL good diversifiers for each other?
Only partially. A correlation of 0.56 means GWRE and TYL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between GWRE and TYL?
The GWRE/TYL correlation stands at 0.56 on a 3-year window (1 year: 0.71, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is TYL a good diversifier for GWRE?
Only partially. A correlation of 0.56 means GWRE and TYL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
A reading of 0.56 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/gwre-vs-tyl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gwre-vs-tyl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GWRE correlations · TYL correlations
