NOW vs PEGA: Correlation
Measured on weekly returns over the past three years, ServiceNow (NOW) and Pegasystems Inc. (PEGA) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NOW and PEGA?
On 3 years of weekly data the NOW/PEGA correlation comes out at 0.59, moderate. Little has changed lately, as the 1-year reading of 0.65 lands near the 3-year figure. The 5-year figure is 0.62, and annualized covariance runs at 1281.7 %².
By 3-year correlation, PEGA places #19 of the 54 assets tracked against NOW. Over the last 12 months NOW came out ahead by 9.7 percentage points (-22.1% against -31.8%).
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 PEGA: side by side
| NOW (ServiceNow) | PEGA (Pegasystems Inc.) | |
|---|---|---|
| 1-year return | -22.1% | -31.8% |
| 5-year return | +7.9% | -47.4% |
| Volatility (ann.) | 43.2% | 50.2% |
| Beta vs S&P 500 | 1.38 | 1.28 |
| Max drawdown (3Y) | -64.5% | -60.9% |
| Market cap | $143.1B | $5.9B |
| P/E (trailing) | 78.7 | 20.4 |
| Dividend yield | 0.00% | 0.35% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | NOW | PEGA |
|---|---|---|
| 2022 | -40.2% | -69.3% |
| 2023 | +82.0% | +43.1% |
| 2024 | +50.1% | +91.0% |
| 2025 | -27.7% | +28.4% |
| 2026 | -9.6% | -39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NOW and PEGA good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between NOW and PEGA?
As of 2026-08-27, the correlation of weekly returns between NOW and PEGA is 0.59 over 3 years, 0.65 over 1 year and 0.62 over 5 years.
Is PEGA a good diversifier for NOW?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 mean?
A reading of 0.59 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-pega.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/now-vs-pega/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NOW correlations · PEGA correlations
