LUNG vs WDAY: Correlation
Pulmonx Corporation (LUNG) and Workday, Inc. (WDAY) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LUNG and WDAY?
Over the past 3 years, LUNG and WDAY moved with a correlation of 0.46, which is moderate. The past 12 months show a tighter link (0.57) than the 3-year average (0.46). Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 1621.2 %².
WDAY is one of the assets that tracks LUNG most closely: it ranks #3 out of the 10 assets we track against LUNG. Their recent paths diverged sharply: over the last 12 months LUNG outperformed by 45.8 percentage points (+30.1% for LUNG against -15.7% for WDAY). Risk is not evenly split, since LUNG carries 2.2 times the volatility of the other side.
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.
LUNG vs WDAY: side by side
| LUNG (Pulmonx Corporation) | WDAY (Workday, Inc.) | |
|---|---|---|
| 1-year return | +30.1% | -15.7% |
| 5-year return | -93.8% | -28.7% |
| Volatility (ann.) | 88.5% | 40.0% |
| Beta vs S&P 500 | 1.56 | 1.09 |
| Max drawdown (3Y) | -92.0% | -63.4% |
| Market cap | $0.1B | $47.8B |
| P/E (trailing) | – | 59.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | LUNG | WDAY |
|---|---|---|
| 2022 | -73.7% | -38.7% |
| 2023 | +51.2% | +65.0% |
| 2024 | -46.7% | -6.5% |
| 2025 | -67.5% | -16.8% |
| 2026 | +9.5% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LUNG and WDAY good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LUNG and WDAY?
The LUNG/WDAY correlation stands at 0.46 on a 3-year window (1 year: 0.57, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is WDAY a good diversifier for LUNG?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/lung-vs-wday.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lung-vs-wday/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LUNG correlations · WDAY correlations
