NOW vs ORCL: Correlation
How closely do ServiceNow (NOW) and Oracle Corporation (ORCL) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NOW and ORCL?
Over the past 3 years, NOW and ORCL moved with a correlation of 0.55, which is moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 1181.6 %².
By 3-year correlation, ORCL places #27 of the 54 assets tracked against NOW. The trailing year gives NOW the advantage: -22.1% versus -34.8%, a 12.7-point spread. The rolling one-year correlation moved between 0.35 and 0.71 over the past three years, a moderate range.
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.
NOW vs ORCL: side by side
| NOW (ServiceNow) | ORCL (Oracle Corporation) | |
|---|---|---|
| 1-year return | -22.1% | -34.8% |
| 5-year return | +7.9% | +81.7% |
| Volatility (ann.) | 43.2% | 49.9% |
| Beta vs S&P 500 | 1.38 | 1.71 |
| Max drawdown (3Y) | -64.5% | -64.6% |
| Market cap | $143.1B | $437.7B |
| P/E (trailing) | 78.7 | 25.5 |
| Dividend yield | 0.00% | 1.34% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | NOW | ORCL |
|---|---|---|
| 2022 | -40.2% | -4.6% |
| 2023 | +82.0% | +30.9% |
| 2024 | +50.1% | +60.0% |
| 2025 | -27.7% | +18.1% |
| 2026 | -9.6% | -21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NOW and ORCL good diversifiers for each other?
Only partially. A correlation of 0.55 means NOW and ORCL 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 NOW and ORCL?
As of 2026-08-27, the correlation of weekly returns between NOW and ORCL is 0.55 over 3 years, 0.57 over 1 year and 0.51 over 5 years.
Is ORCL a good diversifier for NOW?
Only partially. A correlation of 0.55 means NOW and ORCL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
A reading of 0.55 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/now-vs-orcl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/now-vs-orcl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NOW correlations · ORCL correlations
