PTC vs SAP: Correlation
PTC Inc. (PTC) and SAP SE (SAP) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PTC and SAP?
Across a 3-year window, the weekly returns of PTC and SAP correlate at 0.63, strong. The link has tightened recently: the 1-year correlation (0.77) runs above the 3-year figure (0.63). Stretching to 5 years gives 0.60, with an annualized covariance of 530.2 %².
SAP is one of the assets that tracks PTC most closely: it ranks #1 out of the 32 assets we track against PTC. Over the last 12 months SAP came out ahead by 8.4 percentage points (-26.6% against -18.2%).
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.
PTC vs SAP: side by side
| PTC (PTC Inc.) | SAP (SAP SE) | |
|---|---|---|
| 1-year return | -26.6% | -18.2% |
| 5-year return | +20.0% | +60.5% |
| Volatility (ann.) | 28.8% | 29.4% |
| Beta vs S&P 500 | 1.02 | 1.02 |
| Max drawdown (3Y) | -48.1% | -52.3% |
| Market cap | $17.2B | $255.3B |
| P/E (trailing) | 14.7 | 27.2 |
| Dividend yield | 0.00% | 1.18% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | PTC | SAP |
|---|---|---|
| 2022 | -0.9% | -24.2% |
| 2023 | +45.8% | +52.3% |
| 2024 | +5.1% | +61.3% |
| 2025 | -5.3% | -0.4% |
| 2026 | -8.8% | -7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PTC and SAP good diversifiers for each other?
Only partially. A correlation of 0.63 means PTC and SAP 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 PTC and SAP?
As of 2026-08-27, the correlation of weekly returns between PTC and SAP is 0.63 over 3 years, 0.77 over 1 year and 0.60 over 5 years.
Is SAP a good diversifier for PTC?
Only partially. A correlation of 0.63 means PTC and SAP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ptc-vs-sap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ptc-vs-sap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PTC correlations · SAP correlations
