MSFT vs SAP: Correlation
Measured on weekly returns over the past three years, Microsoft (MSFT) and SAP SE (SAP) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MSFT and SAP?
Over the past 3 years, MSFT and SAP moved with a correlation of 0.69, which is strong. Recent behaviour matches the longer record: 0.74 over 1 year against 0.69 over 3. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 554.4 %².
In MSFT's tracked universe of 39 assets, SAP sits right near the top at #2. Correlation aside, the last 12 months split them widely, with MSFT ahead by 18.7 points (+0.5% versus -18.2%).
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.
MSFT vs SAP: side by side
| MSFT (Microsoft) | SAP (SAP SE) | |
|---|---|---|
| 1-year return | +0.5% | -18.2% |
| 5-year return | +73.3% | +60.5% |
| Volatility (ann.) | 27.5% | 29.4% |
| Beta vs S&P 500 | 1.12 | 1.02 |
| Max drawdown (3Y) | -34.5% | -52.3% |
| Market cap | $3,750.3B | $255.3B |
| P/E (trailing) | 28.1 | 27.2 |
| Dividend yield | 0.73% | 1.18% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | MSFT | SAP |
|---|---|---|
| 2022 | -28.0% | -24.2% |
| 2023 | +58.2% | +52.3% |
| 2024 | +12.9% | +61.3% |
| 2025 | +15.6% | -0.4% |
| 2026 | +5.1% | -7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MSFT and SAP good diversifiers for each other?
Only partially. A correlation of 0.69 means MSFT and SAP 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 MSFT and SAP?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.74 over the last year and 0.62 over 5 years.
Is SAP a good diversifier for MSFT?
Only partially. A correlation of 0.69 means MSFT and SAP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 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/msft-vs-sap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/msft-vs-sap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MSFT correlations · SAP correlations
