OKTA vs TENB: Correlation
Okta, Inc. (OKTA) and Tenable Holdings, Inc. (TENB) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OKTA and TENB?
On 3 years of weekly data the OKTA/TENB correlation comes out at 0.53, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.71 versus 0.53 over 3 years. The 5-year figure is 0.52, and annualized covariance runs at 1203.0 %².
TENB is one of the assets that tracks OKTA most closely: it ranks #3 out of the 12 assets we track against OKTA. The last year tells two different stories: OKTA led by 62.9 percentage points, +85.9% for OKTA against +23.0% for TENB.
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.
OKTA vs TENB: side by side
| OKTA (Okta, Inc.) | TENB (Tenable Holdings, Inc.) | |
|---|---|---|
| 1-year return | +85.9% | +23.0% |
| 5-year return | -34.7% | -16.1% |
| Volatility (ann.) | 54.5% | 41.5% |
| Beta vs S&P 500 | 1.24 | 1.04 |
| Max drawdown (3Y) | -50.6% | -69.1% |
| Market cap | $30.2B | $4.1B |
| P/E (trailing) | 97.1 | 537.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OKTA | TENB |
|---|---|---|
| 2022 | -69.5% | -30.7% |
| 2023 | +32.5% | +20.7% |
| 2024 | -13.0% | -14.5% |
| 2025 | +9.7% | -40.2% |
| 2026 | +100.0% | +59.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OKTA and TENB good diversifiers for each other?
To a limited degree. At 0.53 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 OKTA and TENB?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.71 over the last year and 0.52 over 5 years.
Is TENB a good diversifier for OKTA?
To a limited degree. At 0.53 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 0.53 mean?
On the −1 to +1 scale, 0.53 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/okta-vs-tenb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/okta-vs-tenb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OKTA correlations · TENB correlations
