PCTY vs WK: Correlation
How closely do Paylocity Holding Corporation (PCTY) and Workiva Inc. (WK) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCTY and WK?
Over the past 3 years, PCTY and WK moved with a correlation of 0.48, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.71 versus 0.48 over 3 years. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 678.1 %².
By 3-year correlation, WK places #8 of the 13 assets tracked against PCTY. Over the last 12 months WK came out ahead by 9.3 percentage points (-12.7% against -3.4%).
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.
PCTY vs WK: side by side
| PCTY (Paylocity Holding Corporation) | WK (Workiva Inc.) | |
|---|---|---|
| 1-year return | -12.7% | -3.4% |
| 5-year return | -41.2% | -46.1% |
| Volatility (ann.) | 35.4% | 40.0% |
| Beta vs S&P 500 | 0.62 | 0.72 |
| Max drawdown (3Y) | -56.3% | -61.4% |
| Market cap | $8.8B | $4.2B |
| P/E (trailing) | 30.9 | 92.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PCTY | WK |
|---|---|---|
| 2022 | -17.7% | -35.7% |
| 2023 | -15.1% | +20.9% |
| 2024 | +21.0% | +7.8% |
| 2025 | -23.5% | -21.2% |
| 2026 | +3.7% | -10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCTY and WK good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PCTY and WK?
The PCTY/WK correlation stands at 0.48 on a 3-year window (1 year: 0.71, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is WK a good diversifier for PCTY?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
A reading of 0.48 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/pcty-vs-wk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pcty-vs-wk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PCTY correlations · WK correlations
