PCOR vs PCTY: Correlation
How closely do Procore Technologies, Inc. (PCOR) and Paylocity Holding Corporation (PCTY) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCOR and PCTY?
Over the past 3 years, PCOR and PCTY moved with a correlation of 0.57, which is moderate. Recent behaviour matches the longer record: 0.64 over 1 year against 0.57 over 3. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 938.3 %².
By 3-year correlation, PCTY places #8 of the 21 assets tracked against PCOR. The trailing year gives PCOR the advantage: -6.0% versus -12.7%, a 6.7-point spread.
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.
PCOR vs PCTY: side by side
| PCOR (Procore Technologies, Inc.) | PCTY (Paylocity Holding Corporation) | |
|---|---|---|
| 1-year return | -6.0% | -12.7% |
| 5-year return | -32.7% | -41.2% |
| Volatility (ann.) | 46.4% | 35.4% |
| Beta vs S&P 500 | 1.31 | 0.62 |
| Max drawdown (3Y) | -56.6% | -56.3% |
| Market cap | $9.7B | $8.8B |
| P/E (trailing) | – | 30.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PCOR | PCTY |
|---|---|---|
| 2022 | -41.0% | -17.7% |
| 2023 | +46.7% | -15.1% |
| 2024 | +8.2% | +21.0% |
| 2025 | -2.9% | -23.5% |
| 2026 | -12.4% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCOR and PCTY good diversifiers for each other?
To a limited degree. At 0.57 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 PCOR and PCTY?
The PCOR/PCTY correlation stands at 0.57 on a 3-year window (1 year: 0.64, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is PCTY a good diversifier for PCOR?
To a limited degree. At 0.57 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 0.57 mean?
On the −1 to +1 scale, 0.57 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/pcor-vs-pcty.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pcor-vs-pcty/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PCOR correlations · PCTY correlations
