IOT vs NOW: Correlation
Samsara Inc. (IOT) and ServiceNow (NOW) 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 IOT and NOW?
Across a 3-year window, the weekly returns of IOT and NOW correlate at 0.60, strong. Lately the two have moved closer together, with the 1-year correlation at 0.75 versus 0.60 over 3 years. Stretching to 5 years gives 0.57, with an annualized covariance of 1541.6 %².
By 3-year correlation, NOW places #5 of the 18 assets tracked against IOT. The last year tells two different stories: IOT led by 39.5 percentage points, +17.4% for IOT against -22.1% for NOW.
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.
IOT vs NOW: side by side
| IOT (Samsara Inc.) | NOW (ServiceNow) | |
|---|---|---|
| 1-year return | +17.4% | -22.1% |
| 5-year return | +69.5% | +7.9% |
| Volatility (ann.) | 59.7% | 43.2% |
| Beta vs S&P 500 | 1.74 | 1.38 |
| Max drawdown (3Y) | -60.2% | -64.5% |
| Market cap | – | $143.1B |
| P/E (trailing) | 418.7 | 78.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | IOT | NOW |
|---|---|---|
| 2022 | -55.8% | -40.2% |
| 2023 | +168.5% | +82.0% |
| 2024 | +30.9% | +50.1% |
| 2025 | -18.9% | -27.7% |
| 2026 | +18.1% | -9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IOT and NOW good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IOT and NOW?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.75 over the last year and 0.57 over 5 years.
Is NOW a good diversifier for IOT?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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/iot-vs-now.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iot-vs-now/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IOT correlations · NOW correlations
